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3036 4Th Ave W Seattle, WA 98119

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For Sale
$2,000,000

Six-unit multifamily property in Queen Anne with value-add potential.

Building Details

Year built
1990

Source: SMI REAL ESTATE Agent MATT MILLER

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Queen Anne Multifamily Value-Add Opportunity

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.3619341
Latitude
47.6478086

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.
More about this property
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