Craftsman Duplex with
For Sale
$899,000
410 N 46th St, Seattle, WA 98103
Two residences support living in one unit while generating rental income from the other.
Property Size1,880 SF
Price / SF$478.19
Days on Market54
Property Features for 410 N 46th St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
hardwood floors
leaded glass windows
built-in dining and cabinetry
wood-burning fireplace
covered off-street parking
level backyard
Building Details
Year Built
1923
Construction
Craftsman
Listing Agency:
Infiniti Real Estate & Dev
Listed By:
Eva Otto
(206) 235-6925
Source:
Withkristiandco
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 12 at 9:59PM
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 Infiniti Real Estate & Dev
Investment Insights
Based on property information with market context.
Built in 1923, this Craftsman-style duplex combines two-unit functionality with original architectural details, including hardwood floors, leaded-glass windows, built-in dining features and cabinetry, and a wood-burning fireplace. The configuration allows an owner to occupy one residence while renting the other. Covered off-street parking is provided, with space for 1 to 2 additional vehicles on the level backyard area. The property also offers potential for a detached ADU, as stated in the property information.
Located at 410 46TH in Seattle, the home is described as within walking distance of Fremont, Woodland Park Zoo and Rose Garden, Green Lake, Wallingford, Ken's Market, restaurants, shops, and services. RapidRide transit, Highway 99, and I-5 provide additional transportation access.
Located at 410 46TH in Seattle, the home is described as within walking distance of Fremont, Woodland Park Zoo and Rose Garden, Green Lake, Wallingford, Ken's Market, restaurants, shops, and services. RapidRide transit, Highway 99, and I-5 provide additional transportation access.
Key Highlights
- Duplex configuration with two residences
- Craftsman details include hardwood floors, leaded‑glass windows, built‑ins, and a wood‑burning fireplace
- Built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,578
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,560
$671.6K
Cap Rate 7%
$479,686
$479.7K
Cap Rate 9%
$373,089
$373.1K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$50.8K $27.00/SF
− Vacancy
−$2.8K −$1.49/SF
EGI
$48.0K $25.51/SF
− OpEx
−$14.4K −$7.65/SF
NOI
$33.6K $17.86/SF
Area
ZIP 98103
Vacancy
5.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,560
Cap Rate 7%
$479,686
Cap Rate 9%
$373,089
Alternative Uses
Best Use
Multifamily LT 5
$479.7K
$419.7K – $559.6K
NOI $33,578 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$428.5K
$374.9K – $499.9K
NOI $29,995 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$759.9K
$665.0K – $886.6K
NOI $53,196 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
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 - Two residences support living in one unit while generating rental income from the other.
Where is this duplex located?
The property is located at 410 N 46th St Seattle, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Duplex configuration with two residences; Craftsman details include hardwood floors, leaded‑glass windows, built‑ins, and a wood‑burning fireplace; Built in 1923
