2517 - 2519 E Pike Street, Seattle, WA 98122

$875,000
1,310
SqFt

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Listing courtesy of Globenex Realty.

List Price
$875,000
Status
ACTIVE
MLS#
2509267
Price Change
▼ $10,000 1782258688
Days on Market
85
Style
52 - Duplex
Building Condition
Average
Finished SqFt
1,310
Area Total SqFt
1310
Annual Tax Ammount
9742
Lot Size (sq ft)
5,760
Sewer
Sewer Connected

Property Description

Rare opportunity to own a charming side-by-side duplex on a quiet street in sought-after Madrona. Offering a blend of character, income potential, and future flexibility, this property presents a unique ownership opportunity in one of Seattle’s most desirable neighborhoods. Each unit features 1 bed, 1 bath, and its own private, fully fenced backyard—ideal for relaxing or entertaining. Fresh exterior paint in 2024 enhances curb appeal. Unit 2519 has been tastefully updated with newer flooring, appliances, and a refreshed bathroom, creating a bright and move-in ready space. The second unit offers excellent potential for future updates and added value. Flexible layout offers versatility and strong income potential. Gated driveway access provides flexible space for RV, boat, or additional off-street parking, plus ample street parking. Tenants are responsible for all utilities. Walk Score of 90 with convenient access to shops, restaurants, PCC, parks, and transit. Minutes to Madrona Park, Lake Washington, downtown Seattle, I-90, and 520. NR3 zoning offers added flexibility and long-term potential (buyer to verify). A rare opportunity in a prime location with strong upside.

Additional Information

List Date
2026-05-03 07:47:10
Community
Madrona
Net Operating Income
$39,088
Gross Adjusted Income
$49,496
Gross Scheduled Income
$49,496
Total Monthly Income
$4,140
Insurance Expenses
$850
Total Expenses
$10,592
Cap Rate
4.6
Total Number of Units
2
Unit Name
2517 - 2519
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1944
View
Territorial
Roof
Composition
Site Features
Fenced-Fully, RV Parking
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,140
Gross Scheduled Income
$49,496
Gross Adjusted Income
$49,496
Tax Year
2026
Insurance Expense
$850
Total Expenses
$10,592
Net Operating Income
$39,088
Cap Rate
4.6
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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