10732 Stone Avenue N Unit #1-6, Seattle, WA 98133

$1,499,500
4,157
SqFt

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Listing courtesy of WPI Real Estate Services, Inc..

List Price
$1,499,500
Status
ACTIVE
MLS#
2534680
Days on Market
53
Style
55 - 5-9 Units
Finished SqFt
4,157
Area Total SqFt
4157
Annual Tax Ammount
14675.36
Lot Size (sq ft)
3,756
Sewer
Sewer Connected

Property Description

Incredible value-add multifamily opportunity in Seattle’s highly sought-after Northgate neighborhood! This turn-key 6-unit building features a fantastic unit mix of four 2-bed/1-bath units and two 1-bed/1-bath units, situated back off a quiet residential dead-end street north of Green Lake. Multiple units have been beautifully and tastefully updated, including a recent comprehensive remodel of Unit 2. Every unit offers modern conveniences including in-unit washers/dryers, dishwashers, private decks, storage lockers, and dual-pane vinyl windows. 100% occupied with stable cash flow and rents still sitting below market potential. Features an attractive, low-maintenance exterior, 6 dedicated parking spaces (including 4 carport spots), and a fire sprinkler system. Unbeatable location within walking distance to the Northgate light rail/bus lines, shopping, dining, and easy I-5 access. Perfect for an investor looking for a high-performing asset in a premier rental market!

Additional Information

List Date
2026-06-03 14:35:12
Community
Northgate
Net Operating Income
$107,724
Gross Adjusted Income
$134,400
Gross Scheduled Income
$134,400
Total Monthly Income
$134,400
Insurance Expenses
$2,000
Water/Sewer/Garbage Expenses
$8,000
Gross Rent Multiplier
15
Total Expenses
$26,675
Cap Rate
7.18
Vacancy Rate
85
Total Number of Units
6
Unit Name
10732
Potential Terms
Cash, Conventional
Year Built
1978
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Sprinkler System
Electric Expenses
2000
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$134,400
Gross Scheduled Income
$134,400
Vacancy Rate
85
Gross Adjusted Income
$134,400
Tax Year
2026
Insurance Expense
$2,000
W/S/G Expenses
$8,000
Total Expenses
$26,675
Net Operating Income
$107,724
Gross Rent Multiplier
15
Cap Rate
7.18
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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