6635 Carleton Avenue S, Seattle, WA 98108
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: amir rashidi
Office: skyline properties, inc.425-455-2065
MLS#:2542292
Source:NWMLS
6635 Carleton Avenue S,Seattle, WA 98108
$1,379,000
- - Beds
- - Baths
- 2,910 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,379,000
- Price per sq. ft.:$473.88
About this home
Turnkey Georgetown Multifamily Investment with Immediate Income & Upside Excellent opportunity to acquire a stabilized, income-producing four-unit property in the heart of Georgetown. The property consists of one non-conforming studio, two 1-bedroom/1-bathroom units, and one 2-bedroom/1-bathroom unit. All units were renovated approximately five years ago with updated kitchens, hard-surface flooring, modern fixtures, and refreshed finishes, minimizing near-term capital improvement needs. The property has been carefully maintained and provides investors with immediate cash flow plus additional value-add potential. Investment Highlights: * Purchase Price: $1,379,000 * Gross Annual Income: $90,000 * Annual Expenses: $21,204 * NOI: $68,796 * Cap Rate: 5%. Increase the rent and change this to 7.5% * Renovated and well-maintained units * Upside potential through future rent increases * Additional potential income from storage * Seller concession available through CMG Home Loans, subject to lender terms and buyer qualification. With a nearly 5% cap rate, renovated units, and identifiable opportunities to increase revenue, this property offers investors an attractive combination of current cash flow, limited near-term capital needs, and long-term appreciation potential in Seattle’s Georgetown neighborhood....
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Home facts
- Year built:1908
- Subdivision & Development:Georgetown
- Listing ID #:2542292
- Updated:November 13, 2026 at 01:28 AM
Rooms and interior
- Living area:2,910 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Built Up
- Year built:1908
- Building area:2,910 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Paved
- Construction Materials:Wood Exterior Finish
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,379,000
- Price per sq. ft.:$473.88
- Tax amount:$9,024 (2025)
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