1624 45th St Seattle, WA 98103-6702
- Investment properties
- 2,681 SF
- 0.08 lot acres
Current Use by Public Records
- Major Appliance Repair / Appliance Repair Service
Property Details for 1624 45th St
- Year built
- 1916
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.08 lot acres
- Property size
- 2,681 SF
- Zone code
- NC2P-55 (M)
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 408380-3200
- APU
- 4083803200
Description
This exceptional mixed-use building in Seattle's desirable Wallingford neighborhood presents a lucrative investment opportunity. The 2019-constructed, four-story building boasts 12 one-bedroom apartments totaling approximately 1,673 square feet of net rentable space, plus a ground-floor retail/restaurant suite of approximately 1,500 square feet gross floor area. Situated on a 0.08-acre lot zoned NC2P-55 (M) within the City of Seattle, this property offers significant potential for rental income. The building's total gross floor area is approximately 9,200 square feet. Given its location in a Residential Urban Village with excellent transit access, no on-site car parking is required, minimizing operational costs. Covered bicycle storage is included. The asking price is $1,250,000, translating to $375.95 per square foot and a land value of approximately $16,376,261 per acre. This property is located at 1624 N 45th St, Seattle, WA 98103. The building's prime location in the commercial core of the Wallingford Residential Urban Village ensures strong tenant demand and long-term value appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.338
- Latitude
- 47.6616
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
