816 NW Market St, Seattle, WA 98107

$880,000
2,800
SqFt

Listing courtesy of Keller Williams Downtown Sea.

List Price
$880,000
Status
ACTIVE
MLS#
1602177
Price Change
▼ $15,000 1596316056
Days on Market
87
Style
52 - Duplex
Finished SqFt
2,800
Lot Size (sq ft)
4,100

Property Description

Smart investment! Solid Ballard craftsman duplex. Prime location on Market Street & walking distance to all Ballard has to offer. Endless opportunities! Tons of value in land! Get cash flow while you plan for future commercial development! Recently up-zoned to Neighborhood Commercial (NC1-40). Great owner-occupant property - receive rental income from either unit & supplement your mortgage payment! Very attractive cap rate. Private alley access & 3 car parking. Newer roof and sewer line.

Additional Information

List Date
2020-05-15 00:00:00
Community
Ballard
Property Type
MULT
Units
2
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1926
Total Parking
3
Uncovered Parking
3
View
Territorial
Exterior
Metal/Vinyl
Roof
Composition
Site Features
Cable TV, Gas Available
Lot Details
Alley, Curbs, Paved Street, Sidewalk, Value In Land
School District
Seattle
Elementary School
West Woodland
Middle School
John Marshall High
High School
Ballard High
Total Monthly Income
$4,450
Gross Scheduled Income
$53,400
Annual Taxes
$6,712
Tax Year
2019
Insurance Expense
$1,080
Total Expenses
$7,792
Net Operating Income
$45,608
Cap Rate
5

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
1.00
Unit 1 Size
1900
Unit 1 Rent
$3,000
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,450
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