Presented by: Keller Williams Eastside and NWMLS
Property Description
Investor Alert! Turnkey opportunity with immediate cash flow and future development potential. This fully occupied Duplex, upstairs 2/1 and downstairs 1/1 property generates stable rental income, with both units leased. Situated on NR3-zoned land, the property offers investors the opportunity to collect income while evaluating redevelopment possibilities and maximizing the site's future value. The property underwent updates exterior paint (2025), deck repair (2021) , new sewer line (2022), unit B was remodeled in 2021. Upstairs tenant has been there long term, downstairs has been rented as a furnished apartment to traveling nurses via the Furnished Finders system.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric, Natural Gas, Wood
Total Fireplaces0
Total Stories2
General
Building Area Units0 sqft
Cap Rate2.52
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsW Dravus St to 31st Ave W
Electric Expense1238.61
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard, Forced Air
High SchoolBuyer To Verify
High School DistrictSeattle
Insurance Expense1255.17
Leasable Area1,800 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet6,656 sqft
Lot Size UnitsSquare Feet
MLS Area700 - Queen Anne/Magnolia
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income2269607
New ConstructionNo
Number Of Units Total2
PossessionClosing, Subject To Tenant Rights
Possible UseMulti-Family
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvestor Alert! Turnkey opportunity with immediate cash flow and future development potential. This fully occupied Duplex, upstairs 2/1 and downstairs 1/1 property generates stable rental income, with
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeDuplex
Subdivision NameMagnolia
Tax Annual Amount$7,919
Tax Year2026
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water CompanyCity of Seattle
Water Sewer Garbage4498.23
Year Built1946
Zoning DescriptionMulti-Family
Exterior
Building Area Total1,800 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.1528
Parking Uncovered Total0
Site FeaturesCable TV, Deck, Fenced-Partially, Gas Available, Outbuildings, Patio
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
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Contact
914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221