Duplex with Completed
For Sale
$900,000
2907 SW Cloverdale St, Seattle, WA 98126
Two separately addressed residences offer distinct living spaces and independent rear access on one parcel.
Property Size1,667 SF
Lot Size0.19 Acres
Price / SF$539.89
Days on Market25
Property Features for 2907 SW Cloverdale St
General Information
Standard status
Active
Size
1,667 SF
Lot size
0.19 Acres
Property subtype
Multi Family
Zoning
NR2
Site & Location
Neighborhood
Roxhill
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Buildings
2
Listing Agency:
Columbia Partners Real Estate
(206) 829-8130
Listed By:
Travis Bain · License #139915
(253) 254-9246
Source:
Dulayhomes
Added: Oct 10
Changed: Nov 3
Last Checked: Nov 3 at 6:46AM
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 Columbia Partners Real Estate
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Investment Insights
Based on property information with market context.
This duplex property combines a 1925 main residence with a completed detached accessory dwelling unit. The main home has three bedrooms, 1.75 bathrooms and approximately 1,280 finished square feet, including a finished basement with an additional bedroom, three-quarter bath, laundry and utility room. Improvements include a new roof, new electrical and an updated upstairs area. The DADU provides approximately 400 square feet, one full bathroom, a heat pump with AC, and in-unit laundry.
The residences have separate addresses and independent rear access. The DADU also includes off-street parking and a private fenced yard. The property occupies an approximately 8,449-square-foot NR2 parcel in Seattle.
The residences have separate addresses and independent rear access. The DADU also includes off-street parking and a private fenced yard. The property occupies an approximately 8,449-square-foot NR2 parcel in Seattle.
Key Highlights
- Two residences: a 1925 main home and completed DADU
- Main home offers three bedrooms, 1.75 baths and approximately 1,280 finished square feet
- Finished basement includes a bedroom, three‑quarter bath, laundry and utility room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,089
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,780
$601.8K
Cap Rate 7%
$429,843
$429.8K
Cap Rate 9%
$334,322
$334.3K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$45.0K $27.00/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$43.0K $25.79/SF
− OpEx
−$12.9K −$7.74/SF
NOI
$30.1K $18.05/SF
Area
Seattle, WA
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%
$601,780
Cap Rate 7%
$429,843
Cap Rate 9%
$334,322
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.1K – $501.5K
NOI $30,089 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,135 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$501.5K
$438.8K – $585.1K
NOI $35,107 @ 7.0% cap · market cap 3.90%
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
708
Businesses Nearby
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Business Placement
Demographics for 98126, WA
23,727
Population
10,824
Households
2.2
Avg Household Size
38
Median Age
60%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,654
Density / Sq Mi
$114,030
Median Household Income
$73,642
Median Earnings
$1,708
Median Rent
$751,900
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 - Two separately addressed residences offer distinct living spaces and independent rear access on one parcel.
Where is this duplex located?
The property is located at 2907 SW Cloverdale St Seattle, WA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two residences: a 1925 main home and completed DADU; Main home offers three bedrooms, 1.75 baths and approximately 1,280 finished square feet; Finished basement includes a bedroom, three‑quarter bath, laundry and utility room
