Property Details
3021 21st Avenue W
Seattle, WA 98199
$1,550,000
Pending Inspection
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Property Overview
Discover the perfect investment opportunity with this meticulously and tastefully renovated mid-century Magnolia 4-plex. Every aesthetic and mechanical detail has been thoughtfully addressed, ensuring lasting quality and pride of ownership for years to come. Stylish units feature modern kitchens with stainless steel appliances, slab countertops, and solid wood designer cabinets, along with skylights, custom tiled showers with granite accents, and private decks or patios. Off-street parking for 8 vehicles, this property is as practical as it is appealing. Conveniently located near Magnolia’s amenities, Ballard, S. Lake Union, and downtown Seattle, this income-generating property sits on a 6,000 sq. ft. LR1-zoned lot. Don't miss out!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
King
Neighborhood
Magnolia
Listed
Mar 9, 2026
Financial Summary
Cap Rate
5.50%
Net Operating Income
$109,567
Gross Scheduled Income
$109,567
Gross Rent Multiplier
14.20
Total Expenses
$24,518
Building & Use
Building Sq Ft
3,800
Leasable Area
3,500 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,998 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1967
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.64729, -122.38373
Additional Information
Tax Year
2025
Annual Taxes
$16,054
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
