Brick Duplex with Private
7546 24th Avenue NW, Seattle, WA 98117
For Sale
$1,150,000
Two side-by-side residences each include a private backyard and a lower level with flexible room for additional uses.
Property Size1,880 SF
Price / SF$611.70
Days on Market45
Property Features for 7546 24th Avenue NW
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Brick
Wood
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
COMPASS
(206) 448-8888
Listed By:
Michael Green
(917) 873-3497
Source:
Doverealtyinc
Added: Sep 27
Changed: Nov 7
Last Checked: Nov 10 at 6:02PM
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 COMPASS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,880-square-foot brick duplex, built in 1954, contains two side-by-side residences. Each home has two bedrooms, one bathroom, a private garage, its own backyard, and a lower level. The property is zoned Multi-Family, with future multifamily redevelopment subject to buyer verification.
The duplex is in Loyal Heights, near Loyal Heights Park, Larsen's Bakery, Beast & Cleaver, The Fish Store, and The Mailbox.
The duplex is in Loyal Heights, near Loyal Heights Park, Larsen's Bakery, Beast & Cleaver, The Fish Store, and The Mailbox.
Key Highlights
- 1,880‑square‑foot brick duplex built in 1954
- Two side‑by‑side residences, each with 2 bedrooms and 1 bathroom
- Private garage and backyard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,933
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,660
$678.7K
Cap Rate 7%
$484,757
$484.8K
Cap Rate 9%
$377,033
$377.0K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$50.8K $27.00/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$48.5K $25.79/SF
− OpEx
−$14.5K −$7.74/SF
NOI
$33.9K $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%
$678,660
Cap Rate 7%
$484,757
Cap Rate 9%
$377,033
Alternative Uses
Best Use
Multifamily LT 5
$484.8K
$424.2K – $565.6K
NOI $33,933 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$453.3K
$396.6K – $528.8K
NOI $31,730 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,592 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 98117, WA
35,608
Population
15,230
Households
2.3
Avg Household Size
39
Median Age
75%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
9,130
Density / Sq Mi
$182,500
Median Household Income
$95,616
Median Earnings
$2,197
Median Rent
$1,028,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Seattle, WA
Properties on Market for Duplexes in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences each include a private backyard and a lower level with flexible room for additional uses.
Where is this duplex located?
The property is located at 7546 24th Avenue NW Seattle, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1,880‑square‑foot brick duplex built in 1954; Two side‑by‑side residences, each with 2 bedrooms and 1 bathroom; Private garage and backyard for each residence
