Property Details
4510 Thackeray NE
Seattle, WA 98105
$1,399,000
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Property Overview
Fantastic opportunity to own a fully updated 2 story commercial office building in desirable Wallingford neighborhood. Zoned CN, property is ideal for owner-users or investors & can be easily converted for residential use. Owner financing avail 20% down, 3 yr term. Building offers 1,936 sqft of space & features 6 private offices+2 waiting areas. Recently remodeled in 2016, property includes newly added second story, earthquake-retrofitted concrete foundation, and structural reinforcements to support the upper level. Additional upgrades include a new roof with solar panels, updated electrical and plumbing systems, new sewer line to street installed in 2021, & AC throughout the building. Currently suited for mental health professionals.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Wallingford
Listed
Jul 17, 2025
Original Price
$1,499,000
Financial Summary
Cap Rate
4.00%
Net Operating Income
$64,780
Gross Scheduled Income
$82,980
Gross Rent Multiplier
19.28
Total Expenses
$18,200
Total Actual Rent
$6,915/mo
Building & Use
Total Units
6
Sq Ft Rented
954
Year Built
1909
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1909
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Location
City
Seattle
County
King
Coordinates
47.66172, -122.32583
Additional Information
Tax Year
2024
Annual Taxes
$13,800
Possession
Array
Based on information submitted to the MLS GRID as of May 7, 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.
