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+12064730717
ACRE Real Estate
1612 N 38th Street, Seattle, WA 98103
- $1,199,000
- 1,850
- SqFt
Listing Broker: Skyline Properties, Inc.; Amir Rashidi; 206-498-2290; amir@gotobuysell.com
- List Price
- $1,199,000
- Status
- ACTIVE
- MLS#
- 2592815
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,850
- Area Total SqFt
- 1850
- Annual Tax Ammount
- 9063
- Lot Size (sq ft)
- 2,400
- Sewer
- Sewer Connected
Property Description
This conveniently located legal duplex offers exceptional flexibility and income potential—ideal for investors, owner-occupants, or multi-generational living. Live in one unit and rent the other to help offset expenses, or take advantage of the property’s established rental potential, having previously operated as an Airbnb.Each unit is separately metered and equipped with its own tankless water heater. Additional features include a new roof, off-street parking, basement storage, a stone patio for entertaining, and a private fenced backyard.Enjoy impressive Seattle skyline views from both units. The upper unit features double French doors opening to a balcony, while the lower level offers the charm of a welcoming wrap-around porch.Conveniently located just minutes from I-5, the University of Washington, Gas Works Park, John Stanford International School, and other highly regarded schools, this property combines location, versatility, and investment potential in one compelling opportunity. We will be holding open houses on Saturday and Sunday, October 17–18 and 24–25, from 10:00 AM to 2:00 PM each day.
Additional Information
- List Date
- 2026-10-09 04:28:12
- Community
- Wallingford
- Net Operating Income
- $63,212
- Gross Adjusted Income
- $63,212
- Gross Scheduled Income
- $79,800
- Total Monthly Income
- $6,600
- Insurance Expenses
- $5,125
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 15.03
- Total Expenses
- $17,788
- Cap Rate
- 5.6
- Vacancy Rate
- 1
- Total Number of Units
- 2
- Unit Name
- 1612
- Potential Terms
- Cash, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1902
- View
- See Remarks, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- John Stanford Intl
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $6,600
- Gross Scheduled Income
- $79,800
- Vacancy Rate
- 1
- Gross Adjusted Income
- $63,212
- Tax Year
- 2025
- Insurance Expense
- $5,125
- W/S/G Expenses
- $2,400
- Total Expenses
- $17,788
- Net Operating Income
- $63,212
- Gross Rent Multiplier
- 15.03
- Cap Rate
- 5.6
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.