Two-Unit Duplex with Off-Street
For Sale
$1,069,000
326 Ne 50th St, Seattle, WA 98105
Each residence offers three bedrooms, dedicated parking, and its own wood-burning fireplace.
Property Size2,500 SF
Price / SF$427.60
Days on Market9
Property Features for 326 Ne 50th St
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1975
Buildings
1
Construction
mid-century
Listing Agency:
Windermere Real Estate GH LLC
Listed By:
Adam E. Cobb · License #100973
(206) 854-9454
Source:
Findahomeseattle
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 1:58PM
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 Windermere Real Estate GH LLC
Investment Insights
Based on property information with market context.
This 1975 duplex contains two three-bedroom residences, each with two dedicated off-street parking spaces and a wood-burning fireplace. The upper unit has an open living area, maple kitchen cabinetry, counter seating, a primary bedroom with dual closets, and one full bath plus a three-quarter bath. The lower residence features wood-paneled details, open living space, dark cabinetry, and a built-in electric range. Both units have carpet and vinyl flooring.
The property is in Seattle’s Wallingford area, near the University of Washington, Green Lake, and commuter routes.
The property is in Seattle’s Wallingford area, near the University of Washington, Green Lake, and commuter routes.
Key Highlights
- Two three‑bedroom residences in one duplex
- Each unit has two dedicated off‑street parking spaces
- Wood‑burning fireplaces in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,124
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,480
$902.5K
Cap Rate 7%
$644,629
$644.6K
Cap Rate 9%
$501,378
$501.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$67.5K $27.00/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$64.5K $25.79/SF
− OpEx
−$19.3K −$7.74/SF
NOI
$45.1K $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%
$902,480
Cap Rate 7%
$644,629
Cap Rate 9%
$501,378
Alternative Uses
Best Use
Multifamily LT 5
$644.6K
$564.1K – $752.1K
NOI $45,124 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$602.8K
$527.4K – $703.3K
NOI $42,195 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$752.1K
$658.1K – $877.5K
NOI $52,649 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 98105, WA
49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, dedicated parking, and its own wood-burning fireplace.
Where is this duplex located?
The property is located at 326 Ne 50th St Seattle, WA.
What is the asking price?
The asking price for this property is $1,069,000.
What are key features of this property?
This property features: Two three‑bedroom residences in one duplex; Each unit has two dedicated off‑street parking spaces; Wood‑burning fireplaces in both residences
