8830 Nesbit Avenue N, Seattle, WA 98103

$1,400,000
5,412
SqFt

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Listing courtesy of Westland Realty.

List Price
$1,400,000
Status
ACTIVE
MLS#
2499829
Days on Market
110
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
5,412
Area Total SqFt
5412
Annual Tax Ammount
16309
Internet Provider
Xfinity
Lot Size (sq ft)
5,125
Sewer
Sewer Connected

Property Description

Located in the up and coming neighborhood north of Green Lake. This offering contains 6 spacious apartments, including two, 2-story townhouse style units. The units contain washer/dryers and various other updates. The basement contains a secure parking garage with one space per unit. Located less than 2-blocks from major transit, near Green Lake, as well as Northgate shopping center and light rail station. The property offers a value add opportunity via full renovations, with some work already done for you. Easy building to maintain, has a refreshed landscape, new fence, all the decks and roof were replaced roughly 5-years ago. Rents are slightly below market, with room to increase.

Additional Information

List Date
2026-04-07 19:32:10
Community
Licton Springs
Net Operating Income
$57,903
Gross Adjusted Income
$112,858
Gross Scheduled Income
$116,349
Total Monthly Income
$9,610
Insurance Expenses
$3,000
Gross Rent Multiplier
12.03
Total Expenses
$54,955
Cap Rate
4.14
Vacancy Rate
3
Total Number of Units
6
Unit Name
8830
Potential Terms
Cash, Conventional
Year Built
1995
Roof
Composition
Other Expenses
35646
Energy Source
Electric
School District
Seattle
Total Monthly Income
$9,610
Gross Scheduled Income
$116,349
Vacancy Rate
3
Gross Adjusted Income
$112,858
Tax Year
2026
Insurance Expense
$3,000
Total Expenses
$54,955
Net Operating Income
$57,903
Gross Rent Multiplier
12.03
Cap Rate
4.14
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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