Property Details
308 NE 50th Street
Seattle, WA 98105
$799,000
Active
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Property Overview
INCOME OPPORTUNITY IN PRIME WALLINGFORD! Well-maintained duplex with proven rental performance—perfect for investors or owner-occupants looking to offset their mortgage. Each approx. 960 SF unit offers 2 bedrooms, 1 bath & its own washer/dryer. Upper unit showcases classic charm with oak hardwoods, formal dining & spacious kitchen. Lower unit features high ceilings, great natural light & private entry. Shared driveway leads to detached 1-car garage, plus flat backyard with potential for additional parking or outdoor use. Highly desirable location near transit, major commute routes, parks, dining & everyday amenities. Solid income with upside – add value over time with thoughtful improvements!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Wallingford
Listed
Apr 23, 2026
Financial Summary
Cap Rate
4.50%
Net Operating Income
$35,912
Gross Scheduled Income
$50,400
Gross Rent Multiplier
15.85
Total Expenses
$14,488
Building & Use
Building Sq Ft
1,920
Leasable Area
1,920 sqft
Total Units
2
Lot Size
3,920 sqft
Year Built
1908
Exterior & Lot
Lot Size
0.09 sqft
Year Built
1908
Garage
1 spaces
Exterior Materials
Cement Plank, Wood
Sewer
Available, Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Cement Planked, Wood
Location
City
Seattle
County
King
Coordinates
47.66520, -122.32509
Additional Information
Tax Year
2026
Annual Taxes
$8,817
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 3:45 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.
