Rare opportunity to acquire a stable, mixed-use asset in the heart of Wallingford one of Seattle's most sought-after neighborhoods. This three-story building features 17 residential units and ground-level retail, offering strong in-place income with value-add potential. Its proximity to UW, walkable amenities, and diverse unit mix make it a recession-resistant investment with long-term appreciation upside. Ideal for investors seeking a well-located, income-generating property in a high-demand urban setting.
Property Features
Heating and Cooling
- Heating Features: Fireplace Insert
- Heating Fuel: Electric
- Heating: Yes
Interior Features
- Flooring: Engineered Hardwood
Exterior and Lot Features
Garage and Parking
- Covered Spaces: 8
- Parking Total: 8
Land Info
- Lot Description: Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Acres: 0.1199495
- Lot Size Square Feet: 5225
Multi-Unit Info
- Number of Units: 18
- Total Bathrooms in Unit-1: 1
- Unit-1 Square Feet: 446
- Unit 1 Total Actual Rent: 1700
School Information
- High School District: Seattle
Rental Info
- Leasable Area: 12000
- Leasable Area Units: Square Feet
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 23300
- Source Listing Status: Active
- Country Region: US
- County: King
- Cap Rate: 5.7
- Directions: GPS works great
- Tax Year: 2025
- Source Property Type: Multi Family
- Possible Use: Commercial, Multi-Family
- Area: 705 - Ballard/Greenlake
- List Development Name: Wallingford
- Source Neighborhood: Wallingford
- Parcel Number: 9550201085
- Street Suffix Modifier: Street
- Subdivision: Wallingford
- Zoning Description: Commercial, Multi-Family
- Source System Name: C2C
Commercial Info
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
Building and Construction
- Building Area Total: 7000
- Building Area Units: Square Feet
- Building Exterior Type: Brick
- Foundation Details: Poured Concrete
- Living Area Units: Square Feet
- Property Age: 6
- Roof: Flat
- Building Total Stories: 3
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
- Year Built Effective: 2019
