All the apartments have in-unit laundry, functional layouts, and complete kitchen appliance packages with dishwashers. The interior finishes blending original elements and simple updates that have been done over time. The future owner can capitalize on this and easily modernize the units cosmetically to increase income potential. The West Emerson Apartments offers a perfect blend of in-city living with a safe, quiet neighborhood feel. Located just a short drive on Highway 99 to downtown and within walking distance of Seattle Pacific University, the Fremont Sunday Market, and the shops atop Queen Anne Hill, this property is ideal for prospective tenants.
Property Features
Heating and Cooling
- Heating Features: Radiant
- Heating Fuel: Electric
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Covered Spaces: 4
- Parking Total: 4
Land Info
- Lot Size Acres: 0.1010101
- Lot Size Square Feet: 4400
Rental Info
- Gross Scheduled Income: 95980
- Leasable Area: 2900
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 4
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Unit-1 Description: A
- Unit-2 Description: B
- Unit-3 Description: C
- Unit-4 Description: D
- Unit-1 Square Feet: 925
- Unit-2 Square Feet: 700
- Unit-3 Square Feet: 700
- Unit-4 Square Feet: 575
- Unit 1 Total Actual Rent: 2035
- Unit 2 Total Actual Rent: 2100
- Unit 3 Total Actual Rent: 2100
- Unit 4 Total Actual Rent: 1525
School Information
- High School District: Seattle
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 13350
- Source Listing Status: Active
- Country Region: US
- County: King
- Cap Rate: 4.17
- Directions: From Downtown Seattle, Dexter Ave N and Nickerson St to 6th Ave W. Drive to W Emerson St.
- Tax Year: 2024
- Other Expense: 7000
- Source Property Type: Multi-Family
- Insurance Expense: 2400
- Area: 700 - Queen Anne/Magnolia
- List Development Name: Queen Anne
- Source Neighborhood: Queen Anne
- Parcel Number: 74430-0535
- Street Suffix Modifier: Street
- Subdivision: Queen Anne
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Commercial Info
- Net Operating Income: 64704
- Operating Expense: 27437
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
Building and Construction
- Building Area Total: 2900
- Building Area Units: Square Feet
- Living Area Units: Square Feet
- Property Age: 62
- Roof: Composition
- Building Total Stories: 2
- Structure Type: Quadruplex
- House Style: 4-Plex
- Elevation Units: Feet
