4051 Letitia Avenue S Seattle, WA $ 1,250,000
4051 Letitia Avenue S
$ 1,250,000
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4051 Letitia Avenue S

Seattle, WA, 98118
$ 1,250,000
Baths0.0 Sq 2,890

Monthly Estimate*

$ 8,308

Listed by Keller Williams North Seattle
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Studio

Multi-Family Home for sale in Seattle, WA

for $1,250,000. This 2,890 square foot home was built in 1908 on a lot size of 0.1607.

Prime Columbia City opportunity on a quiet residential street for investors and developers - a rare find in Seattle's real estate market! Double lot with mountain views, zoned LR2. So many options - separate the lots to sell or build on one, and keep the existing rentals on the other. Current rental income $4,640/mo from two 2-bedroom units, each with a garage. Addl potential with an unfinished third unit. Hot location with several new townhome developments in the neighborhood! Extra bonus: Seller has ready plans for a five townhome development, Buyer to confirm and update as required by the City. Excellent location near all the amenities a city neighborhood has to offer. Quick access to public transit and highways, minutes from downtown.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,926

Style

Tri-plex

Lot Size

0.1607

Year Built

1908

Town/City

Seattle

County/Region

King

MLS | Web ID

2193473

Features
General
Interior Features Ceramic Tile Laminate Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood Wood Products
HOA 0
Year Built 1908
View Mountain(s) Territorial
Property SubType Multi-Family
Tax Year 2023
Building Name Claremont Add
County King
Net Operating Income 39360
Insurance Expense 1250
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Columbia City
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions Follow GPS to 4051 Letitia property is on the west/hill side. Walk up public staircase to entrance of middle floor unit. Alternate access via alley between Letitia & 34th Ave S park at property.
High School Franklin High
City Seattle
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 2
NumberOfUnitsTotal 3
MLS Area 380 - Southeast Seattle
Lot Size Units Square Feet
Lot Size Square Feet 7000
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Letitia
Listing Terms Cash Out Conventional
Elementary School John Muir
Tax Annual Amount 7926
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Wash Mid
Property Condition Average
Public Remarks Prime Columbia City opportunity on a quiet residential street for investors and developers - a rare find in Seattle's real estate market! Double lot with mountain views zoned LR2. So many options - s
Leasable Area 2890
Structure Type Triplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company SPU
Units Below Grade false
Units In Building Total 3
Zoning Class Multi-Family Residential
Water Sewer Garbage 0
Property Style 53 - Tri-plex
Cap Rate 3.14
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Interior
Flooring Ceramic Tile Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 0
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 2890
Lot Size Acres 0.1607
Covered Spaces 2
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Deck High Speed Internet
Parking Uncovered Spaces 2
Lot Number 17-18
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Internal Only
OriginalMLSID NWM2193473
Street Number 1 4051
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* Excluded Features
List By
Pia VanHanen

Listing Agent

Keller Williams North Seattle

Broker

Affordability Calculator

$8,968
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,308
Monthly Property Taxes
$661
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
258730 Elementary School
258354 Middle School
Franklin High High School
Pricing History
DatePricePrice ChangeDescription
1/24/2024$1,250,000 Listed Price

Map


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4051 Letitia Avenue S, Seattle, WA, 98118 is a Multi-Family Home for sale at $1,250,000 with 2,890 sqft and a lot size of 0.1607. 4051 Letitia Avenue S is a studio with 0.0 baths and was built in 1908. The property's zip code is 98118 which is in Seattle, WA