1120 N 91st Street, Seattle, WA 98103

$1,300,000
3,200
SqFt

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Listing courtesy of Real Broker LLC.

List Price
$1,300,000
Status
ACTIVE
MLS#
2492452
Price Change
▼ $267,500 1779183953
Days on Market
192
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
3,200
Area Total SqFt
3200
Annual Tax Ammount
11916
Lot Size (sq ft)
3,760
Sewer
Sewer Connected

Property Description

Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market — owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.

Additional Information

List Date
2026-01-16 04:43:11
Community
Licton Springs
Net Operating Income
$97,496
Gross Adjusted Income
$125,712
Gross Scheduled Income
$129,600
Total Monthly Income
$10,800
Insurance Expenses
$2,800
Water/Sewer/Garbage Expenses
$8,000
Gross Rent Multiplier
10
Total Expenses
$28,216
Cap Rate
7.5
Vacancy Rate
3
Total Number of Units
8
Unit Name
1120
Potential Terms
Cash
Year Built
1986
View
Territorial
Roof
Torch Down
Electric Expenses
500
Other Expenses
5000
Energy Source
Electric
School District
Seattle
Total Monthly Income
$10,800
Gross Scheduled Income
$129,600
Vacancy Rate
3
Gross Adjusted Income
$125,712
Tax Year
2025
Insurance Expense
$2,800
W/S/G Expenses
$8,000
Total Expenses
$28,216
Net Operating Income
$97,496
Gross Rent Multiplier
10
Cap Rate
7.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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