Queen Anne Multifamily Value-Add
For Sale
$2,000,000
Pending
3036 4th Ave W, Seattle, WA 98119
Six-unit multifamily property in Queen Anne with value-add potential.
Property SizeContact for details
Days on Market721
Property Features for 3036 4th Ave W
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
SMI REAL ESTATE
Listed By:
MATT MILLER · License #201254590
Source:
Corcoran
Added: Aug 27, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SMI REAL ESTATE
Investment Insights
Based on property information with market context.
This well-maintained six-unit multifamily property is located in the highly sought-after Queen Anne neighborhood. The property consists of a fourplex built in 1990 and a duplex built in 1962, offering a versatile unit mix of one and two-bedroom apartments. Six garages are included, along with a common laundry area for tenant convenience. The property presents a strong investment potential, with opportunities to increase rental income by approximately 57% through strategic renovations. Additional upside includes the ability to implement utility billbacks and charge for three owner-occupied garages. Zoned MIO-37-LR1, this multifamily asset also provides the option for future development, including the potential to add two townhomes or row houses while keeping the existing fourplex; buyers should verify this potential.
Key Highlights
- Seller Financing Available
- Significant Rental Income Upside: Potential to increase by approximately 57% through renovations.
- Located in the highly sought‑after Queen Anne neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 98119, WA
26,238
Population
15,323
Households
1.7
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
10,933
Density / Sq Mi
$125,021
Median Household Income
$74,038
Median Earnings
$1,963
Median Rent
$1,032,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property in Queen Anne with value-add potential.
Where is this apartment building located?
The property is located at 3036 4th Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Seller Financing Available; Significant Rental Income Upside: Potential to increase by approximately 57% through renovations.; Located in the highly sought‑after Queen Anne neighborhood.
