7741 1st Avenue NE, Seattle, WA 98115

$1,079,000
2,160
SqFt

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Listing courtesy of List4FlatFee.com, LLC.

List Price
$1,079,000
Status
ACTIVE
MLS#
2581382
Days on Market
0
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,160
Area Total SqFt
2160
Annual Tax Ammount
8203
Lot Size (sq ft)
4,000
Sewer
Sewer Connected

Property Description

Welcome home to this classic property in Seattle’s sought-after Green Lake neighborhood! This versatile home offers a blend of modern updates while thoughtfully maintaining its historic character. Step inside the main house to discover beautiful fir and oak floors, large vinyl windows, and an updated kitchen with granite countertops. Original architectural details shine in the classic doors and trim. The outdoor spaces offer seamless living with a peaceful backyard and two brand-new composite decks—one spacious deck off the main floor and a secluded deck for the 1-bedroom unit. The ground floor offers incredible versatility with income potential, featuring a separate studio unit and a 1-bedroom unit boasting its own separate address and separate electric meter. Each has its own independent entrance, yet both connect to the main house above to accommodate extended living. The studio can also be configured as a short-term rental or a place of business. Major assets include a large garage with an upper loft for storage or a work area, plus potential for a future DADU. Extensive functional upgrades include a fully replaced and relined sewer line. Enjoy effortless access to Green Lake Park's trails, local dining, and the Roosevelt Light Rail station. Buyer to verify all uses, SF, permits & DADU potential. Don’t miss this opportunity

Additional Information

List Date
2026-09-11 20:43:11
Community
Green Lake
Net Operating Income
$49,361
Gross Adjusted Income
$62,769
Gross Scheduled Income
$62,769
Total Monthly Income
$5,265
Insurance Expenses
$1,831
Water/Sewer/Garbage Expenses
$3,374
Gross Rent Multiplier
17.19
Total Expenses
$13,408
Cap Rate
4.6
Total Number of Units
2
Unit Name
7741
Potential Terms
Cash, Conventional
Year Built
1925
Roof
Composition
Site Features
Deck
Energy Source
Electric
School District
Seattle
Elementary School
Daniel Bagley
Middle School
Robert Eagle Staff Middle School
High School
Ingraham High
Total Monthly Income
$5,265
Gross Scheduled Income
$62,769
Gross Adjusted Income
$62,769
Tax Year
2025
Insurance Expense
$1,831
W/S/G Expenses
$3,374
Total Expenses
$13,408
Net Operating Income
$49,361
Gross Rent Multiplier
17.19
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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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