Duplex with Second
For Sale
$799,000
1216 103RD, Seattle, WA 98133
A second kitchen and multiple family rooms give the interior a flexible layout, with a fenced yard outside.
Property Size1,990 SF
Price / SF$401.51
Days on Market18
Property Features for 1216 103RD
General Information
Standard status
Active
Size
1,990 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Licton Springs
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1926
Listing Agency:
Skyline Properties,Inc.
Listed By:
Lemlem Tesfay
(206) 375-9349
Source:
Skylineproperties
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 24 at 9:28PM
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 Skyline Properties,Inc.
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Investment Insights
Based on property information with market context.
This duplex at 1216 103rd in Seattle offers 1,990 square feet of space, a second kitchen and multiple family rooms. Built in 1926, the property also includes a large fenced yard, a corner-lot position and off-street parking.
Key Highlights
- 1,990 square feet of property space
- Second kitchen and multiple family rooms
- Corner‑lot setting with a large, fully fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,919
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,380
$718.4K
Cap Rate 7%
$513,129
$513.1K
Cap Rate 9%
$399,100
$399.1K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$53.7K $27.00/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$51.3K $25.79/SF
− OpEx
−$15.4K −$7.74/SF
NOI
$35.9K $18.05/SF
Area
ZIP 98133
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,380
Cap Rate 7%
$513,129
Cap Rate 9%
$399,100
Alternative Uses
Best Use
Multifamily LT 5
$513.1K
$449.0K – $598.7K
NOI $35,919 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$566.6K
$495.8K – $661.0K
NOI $39,661 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,527
Businesses Nearby
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Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A second kitchen and multiple family rooms give the interior a flexible layout, with a fenced yard outside.
Where is this duplex located?
The property is located at 1216 103RD Seattle, WA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,990 square feet of property space; Second kitchen and multiple family rooms; Corner‑lot setting with a large, fully fenced yard
