3036 4th Ave W, Seattle, WA 98119

Building Details

Year Built

1990

Listing office SMI REAL ESTATE m***@smire.com

Listing date Aug 27, 2024

Source Corcoran

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Overview

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.

Suggested Use

Barber Shop Nursing Home Nursing Home Mobile Phone Store Supermarket Restaurant Grocery & Convenience Store Pet Store (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Seattle

County

King

State

Washington

Longitude

-122.362

Latitude

47.6478

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FAQs

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.