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1822 S King St 4 Unité Immeuble d’appartements 2 300 925 $ CAD (575 231 $ CAD/Unité) 4,98% Taux de capitalisation Seattle, WA 98144
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Excellent location in Seattle’s desirable Central District
- Walking distance from Jackson Street buses (0.1 mile), First Hill Streetcar (0.4 mile), light rail station (0.5 mile), King Street Station (1 mile)
- Excellent unit mix of three 1-bedroom and one 2-bedroom units
- Walker’s Paradise score of 92 – close to Downtown, a mile from Pill Hill hospitals, 1.25 miles from Lumen Field, less than 2 miles from Pike Place
- Fully renovated units as of 2020 (updated kitchens/baths, in-unit laundry, dishwashers, and digital Wi-Fi locks); Renovated down to studs in 2001
- Beautiful landscaping/gardens including private patio & raised planters for each unit, & an edible garden with cherries, plums, gooseberries, jasmine
Résumé de l'annonce
This well-located fourplex presents a compelling opportunity to acquire a turnkey multifamily asset in Seattle’s highly desirable Central District. The property benefits from an outstanding urban setting with a Walker’s Paradise walk score of 92, placing residents within easy reach of Downtown Seattle, major hospitals, neighborhood restaurants and shops, and convenient transit options.
Constructed in 1988 and with a full-gut renovation in 2001, the building features modern systems, updated siding, and upgraded exterior stairs. The property offers an attractive and efficient unit mix consisting of three one-bedroom units and one two-bedroom unit, appealing to a wide range of renters seeking quality housing in a central location. The upper units each have two operable skylights and views of Downtown Seattle, the Olympics, and the Stadium.
Each unit has been fully renovated with contemporary finishes, including updated kitchens and bathrooms, and the convenience of in-unit laundry. Three of the four units also offer dishwashers. Each unit has its own private patio, providing desirable outdoor space rarely found in similar properties. Additional amenities include four off-street parking spaces, further enhancing tenant appeal in this walkable neighborhood.
Notably, the property has demonstrated success as a short-term rental, with one of the one-bedroom units currently furnished and achieving stable income diversification. This presents a proven model for additional income generation across other units, while also offering flexibility for a future owner to pursue a mix of short-term and long-term rental strategies.
With strong in-place operations, additional upside through the implementation of utility bill-backs, and a proven alternative short-term rental income strategy, the property offers investors both stability and future income growth potential in one of Seattle’s most sought-after neighborhoods.
Constructed in 1988 and with a full-gut renovation in 2001, the building features modern systems, updated siding, and upgraded exterior stairs. The property offers an attractive and efficient unit mix consisting of three one-bedroom units and one two-bedroom unit, appealing to a wide range of renters seeking quality housing in a central location. The upper units each have two operable skylights and views of Downtown Seattle, the Olympics, and the Stadium.
Each unit has been fully renovated with contemporary finishes, including updated kitchens and bathrooms, and the convenience of in-unit laundry. Three of the four units also offer dishwashers. Each unit has its own private patio, providing desirable outdoor space rarely found in similar properties. Additional amenities include four off-street parking spaces, further enhancing tenant appeal in this walkable neighborhood.
Notably, the property has demonstrated success as a short-term rental, with one of the one-bedroom units currently furnished and achieving stable income diversification. This presents a proven model for additional income generation across other units, while also offering flexibility for a future owner to pursue a mix of short-term and long-term rental strategies.
With strong in-place operations, additional upside through the implementation of utility bill-backs, and a proven alternative short-term rental income strategy, the property offers investors both stability and future income growth potential in one of Seattle’s most sought-after neighborhoods.
Bilan financier (Réel - 2026) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
147 008 $
|
56,72 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
7 350 $
|
2,84 $
|
| Revenu brut effectif |
139 658 $
|
53,88 $
|
| Taxes |
15 080 $
|
5,82 $
|
| Dépenses d’exploitation |
9 918 $
|
3,83 $
|
| Total des dépenses |
24 998 $
|
9,64 $
|
| Revenu net d’exploitation |
114 660 $
|
44,24 $
|
Bilan financier (Réel - 2026)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 147 008 $ |
| Annuel par pi² | 56,72 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 7 350 $ |
| Annuel par pi² | 2,84 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 139 658 $ |
| Annuel par pi² | 53,88 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 15 080 $ |
| Annuel par pi² | 5,82 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 9 918 $ |
| Annuel par pi² | 3,83 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 24 998 $ |
| Annuel par pi² | 9,64 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 114 660 $ |
| Annuel par pi² | 44,24 $ |
Faits sur la propriété
| Prix | 2 300 925 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 575 231 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,11 AC |
| Taux de capitalisation | 4,98% | Taille du bâtiment | 2 640 pi² |
| Multiplicateur du loyer brut | 15.7 | Nombre d’étages | 2 |
| Nombre d’unités | 4 | Année de construction/rénovation | 1988/2020 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,52/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Zonage | LR1 (M) | ||
| Prix | 2 300 925 $ CAD |
| Prix par unité | 575 231 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 4,98% |
| Multiplicateur du loyer brut | 15.7 |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,11 AC |
| Taille du bâtiment | 2 640 pi² |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1988/2020 |
| Ratio de stationnement | 1,52/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | LR1 (M) |
Commodités
Commodités des unités
- Laveuse/Sécheuse
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Vues
- Patio
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 3 | 2 967 $ CAD | 595 |
| 2+1 | 1 | 3 347 $ CAD | 855 |
1 1
Exceptionnellement praticable à pied
90/100
Assez facile d’accès en voiture
50/100
Transports en commun robustes
80/100
Moyennement praticable en vélo
70/100
Impôts fonciers
| Numéro de lot | 331950-1365 | Évaluation totale | 1 338 720 $ CAD (2024) |
| Évaluation du terrain | 803 232 $ CAD (2024) | Impôts annuels | 15 080 $ CAD (5,71 $ CAD/pi²) |
| Évaluation des bâtiments | 535 488 $ CAD (2024) | Année d’imposition | 2026 |
Impôts fonciers
Numéro de lot
331950-1365
Évaluation du terrain
803 232 $ CAD (2024)
Évaluation des bâtiments
535 488 $ CAD (2024)
Évaluation totale
1 338 720 $ CAD (2024)
Impôts annuels
15 080 $ CAD (5,71 $ CAD/pi²)
Année d’imposition
2026
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1822 S King St
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