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+13604225200
LCR
2517 -2519 E Pike Street, Seattle, WA 98122
- $845,000
- 1,310
- SqFt
Listing Broker: Dalton Wade, Inc.; Lia Huang; 206-818-9227; 927Lia@gmail.com
- List Price
- $845,000
- Status
- ACTIVE
- MLS#
- 2600893
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,310
- Area Total SqFt
- 1310
- Annual Tax Ammount
- 9743
- 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 character, income potential, and future flexibility. Each unit features 1 bedroom, 1 bathroom, 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, move-in-ready space. Unit 2517 is occupied by a long-term tenant of over 20 years, offering established rental history and income. Gated driveway access provides flexible space for RV, boat, or additional off-street parking, plus ample street parking. Tenants pay 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 SR-520. NR3 zoning offers additional flexibility and long-term potential; buyer to verify. A rare investment or owner-occupant opportunity in a prime Seattle location with strong upside.
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Additional Information
- Community
- Madrona
- Net Operating Income
- $38,709
- Gross Adjusted Income
- $49,302
- Gross Scheduled Income
- $49,800
- Total Monthly Income
- $4,150
- Insurance Expenses
- $850
- Gross Rent Multiplier
- 17.23
- Total Expenses
- $10,593
- Cap Rate
- 4.6
- Vacancy Rate
- 1
- Total Number of Units
- 2
- Unit Name
- 2517
- 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
- $4,150
- Gross Scheduled Income
- $49,800
- Vacancy Rate
- 1
- Gross Adjusted Income
- $49,302
- Tax Year
- 2026
- Insurance Expense
- $850
- Total Expenses
- $10,593
- Net Operating Income
- $38,709
- Gross Rent Multiplier
- 17.23
- 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.