3046 SW Avalon Way, Seattle, WA 98126
- $2,300,000
- 5,164
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Homes & Equity Real Estate Grp.
- Sold Price
- $2,300,000
- List Price
- $2,325,000
- Status
- SOLD
- MLS#
- 2348766
- Closing Date
- Feb 27, 2026
- Days on Market
- 255
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,164
- Area Total SqFt
- 5164
- Annual Tax Ammount
- 18523
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
West 9 is a fully renovated and turnkey 9 Unit apt building, well located at the gateway to West Seattle. This vibrant area offers excellent access to all the distinctive and exciting features of West Seattle, while remaining just a short distance from Downtown Seattle and other city attractions. All 1/1 units with W/D and a private patio or balcony. Unit updates include new flooring, cabinets, quartz counters, stainless steel appliances and fixtures. Exterior updates include new exterior paint, windows/sliders, frosted balcony panels, landscaping, signage, secure cluster mailbox. Excellent opportunity to purchase a fully stabilized asset with income upside and future redevelopment potential in a highly sought-after Seattle neighborhood.
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Additional Information
- List Date
- 2025-06-17 00:00:00
- Community
- West Seattle
- Net Operating Income
- $135,501
- Gross Adjusted Income
- $198,229
- Gross Scheduled Income
- $203,312
- Total Monthly Income
- $16,943
- Insurance Expenses
- $4,206
- Water/Sewer/Garbage Expenses
- $12,281
- Gross Rent Multiplier
- 11.44
- Total Expenses
- $62,466
- Cap Rate
- 5.83
- Vacancy Rate
- 2
- Total Number of Units
- 9
- Unit Name
- 3046
- Potential Terms
- Cash
- Year Built
- 1978
- View
- City, Sound
- Roof
- Composition
- Other Expenses
- 27456
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $16,943
- Gross Scheduled Income
- $203,312
- Vacancy Rate
- 2
- Gross Adjusted Income
- $198,229
- Tax Year
- 2025
- Insurance Expense
- $4,206
- W/S/G Expenses
- $12,281
- Total Expenses
- $62,466
- Net Operating Income
- $135,501
- Gross Rent Multiplier
- 11.44
- Cap Rate
- 5.83
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.