9400 Stone Avenue North
9400 Stone Avenue North
Seattle, WA 98103
$1,100,000
Price
8
Beds
4
Baths
3,072 Sq. Ft.
$358 / Sq. Ft.
3,072
Sq. Ft.
$358
per Sq. Ft.
Listing provided courtesy of Windermere RE Greenwood
Description
Prime Investment Opportunity. Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes, or renovating to easily double the rental income. Available for purchase as a single 4-plex or buy both units together (MLS 2239253). Showings are available with a signed purchase and sale agreement. Don’t miss this rare investment opportunity!Prime Investment Opportunity. Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes, or renovating to easily double the rental income. Available for purchase as a single 4-plex or buy both units together (MLS 2239253). Showings are available with a signed purchase and sale agreement. Don’t miss this rare investment opportunity!
- Listed by Brent D. Lumley • Windermere RE Greenwood
Property Details for 9400 Stone Avenue North
Community Name
Licton Springs
School DistrictSeattle
Number of Assigned Spaces4
Total Covered Parking0
Entry Date05-17-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere RE Greenwood![]()
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LISTING UPDATED: 05/17/2024 04:13 PM
Property Details for 9400 Stone Avenue North
| Status | Active |
|---|---|
| MLS # | 2239257 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $10,907 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.13 AC / 5,610 SF |
| County | King County |
Location
Listing Courtesy of Windermere RE Greenwood![]()
Add your commute
Building Information for 9400 Stone Avenue North
Stories2Residences4Year Built1963Building Size-Lot Size0.13 AC / 5,610 SF
Payment Calculator
$6,912 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,003
Property Taxes
$909
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 9400 Stone Avenue North
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 705 - Ballard/Greenlake
- Effective Year Built Source: Public Records
- Directions: From Aurora Ave N (Hwy 99), East on N 93rd St, left on Stone Ave N. 4 plex buildings on your right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5970
- Power Company: Seattle City Lights
- Sewer Company: Seattle Public Utilities
- Water Company: Seattle Public Utilities
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1963
- Photos Count: 3
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Size Source: KCR
- Parcel Number Free Text: 3126049355
- Building Condition: Average
- Calculated Square Footage: 3072
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3072.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $888
- Total Expenses: 19112
- Gross Adjusted Income: 53409
- Gross Rent Multiplier: 19.57
- Gross Scheduled Income: $56,220
- Insurance Expense: $1,347
- Net Operating Income: $34,409
- Other Expenses: $0
- Total Monthly Income: 4685
- Fuel Expense: $0
Unit 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Rent Unit 1: $1,295.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Rent Unit 2: $1,295.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Rent Unit 3: $1,100.00
- Bedrooms Unit 3: 3
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Rent Unit 4: $995.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3072.0
- Leasable Area Units: Square Feet
Property History for 9400 Stone Avenue North
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 9400 Stone Avenue North
Taxable ValueLand$1,009,800Additions$222,200Total$1,232,000
Tax Record2022$10,907 ($909 / month)
Home Facts
Total Finished SqFt3,072 SqFtAbove Ground SqFt3,072 SqFtStories2Lot Size5,610 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963Year Renovated1990ZoningLR3 (M)CountyKINGAPN312604-9355
Schools near 9400 Stone Avenue North
This home is within Seattle Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Viewlands Elementary School PublicPK to 5 | ||
Robert Eagle Staff Middle School Public6 to 8 | ||
Ingraham High School Public9 to 12 | ||
Cascadia Elementary PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere RE Greenwood
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.