8849 35th Avenue SW, Seattle, WA 98126
- $2,225,000
- 7,400
- SqFt
Listing courtesy of Real Property Associates. Selling Office: Elev8 Residential LLC.
- Sold Price
- $2,225,000
- List Price
- $2,250,000
- Status
- SOLD
- MLS#
- 2406754
- Closing Date
- Sep 30, 2025
- Days on Market
- 2
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 7,400
- Area Total SqFt
- 7400
- Annual Tax Ammount
- 24180
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 12,197
- Sewer
- Sewer Connected
Property Description
The Nedra Apartments features 13 total units, 3 are fully renovated and 8 are partially renovated, buyer could choose to renovate the remaining 2 units & increase rental income. The Nedra offers efficient & sought after unit types in well maintained building, floorplans range from 550 to 800 sf & offer light value-add opportunity. 12 units are one-bedroom floorplans and a single 2-bed unit. The property is located in the Westwood neighborhood known for its multitude of schools, parks, & shopping, most notably Westwood Village, just half a mile away. Rarely vacant, tenants love the walkability of this location with coffee, retail, & public transportation steps from the building. Excellent on site and available street parking.
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Additional Information
- List Date
- 2025-09-28 00:00:00
- Community
- Fauntleroy
- Net Operating Income
- $167,604
- Gross Adjusted Income
- $246,875
- Gross Scheduled Income
- $254,511
- Total Monthly Income
- $19,110
- Insurance Expenses
- $13,266
- Water/Sewer/Garbage Expenses
- $17,394
- Gross Rent Multiplier
- 8.84
- Total Expenses
- $79,269
- Cap Rate
- 7.45
- Vacancy Rate
- 3
- Total Number of Units
- 13
- Unit Name
- 8849
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1958
- Roof
- Flat
- Site Features
- Patio
- Electric Expenses
- 2569
- Other Expenses
- 21860
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $19,110
- Gross Scheduled Income
- $254,511
- Vacancy Rate
- 3
- Gross Adjusted Income
- $246,875
- Tax Year
- 2025
- Insurance Expense
- $13,266
- W/S/G Expenses
- $17,394
- Total Expenses
- $79,269
- Net Operating Income
- $167,604
- Gross Rent Multiplier
- 8.84
- Cap Rate
- 7.45
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.