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Listing Firm: Lee & Associates Commercial RE: Daniel Lim

Bought With: eXp Realty : James Runyon

SOLD On January 6, 2025
NWMLS # 2270772

$1,700,000

  • Sold Price

1501 31st Avenue S, Seattle, WA 98144

Listings with the three tree icon are courtesy of NWMLS

About This Property

This pride of ownership property consists of 2 buildings a duplex & a triplex with 4 2-bed units & an open 1-bed loft. All units feat. skyline views, hardwood floors, upgrd. kitchens & baths, cmmn laundry, off-street parking & mature landscaping. Well maintained, elec is updated, new roofs & water main. Ownership added a permitted 5th unit & potential to convert similar space in the 2nd building to a 6th. Potential for future redevelopment (buyer to verify). With only 36 MF units in the nbhd, the property experiences a stable rent roll with turnovers quickly leased, Buyers have the opportunity to invest or owner occupy in a coveted location with high quality of life or potentially capitalize on the limited rental stock with an add'l unit.

Buyer's Agent: James Runyon • eXp Realty

Listed by: Daniel Lim • Lee & Associates Commercial RE

Aris360 Last Checked: 3 Minutes Ago (May 25, 2025 10:27 PM)

  • Source: NWMLS as Distributed by MLS Grid #2270772

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 31st
  • Zip/Postal Code: 98144
  • City: Seattle

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$3,847 per month
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Property Features

  • County
    • Mt Baker
  • Community
    • 380 - Southeast Seattle
  • MLS Area
    • 380 - Southeast Seattle
  • Longitude
    • -122.292855
  • Latitude
    • 47.589286
  • Directions
    • Heading south on 31st Ave S property is immediately south of Atlantic St on the right.

  • Interior
    • Ceramic Tile
    • Fir/Softwood
    • Hardwood
  • Floors
    • Ceramic Tile
    • Softwood
    • Hardwood
  • Power Production Type
    • Electric

  • Stories
    • 3
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 5
  • Lot Description
    • Curbs,
    • Sidewalk,
  • Foundation
    • See Remarks,
  • Elevation
    • Feet
  • Water Source
    • Community,
  • Exterior
    • Stucco
    • Wood Products
  • Site Description
    • Deck
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Building Total Area (Sq. Ft.)
    • 6000
  • Has View
    • Yes
  • View Description
    • City,
    • Mountain(s),
    • See Remarks,
    • Sound,

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $14833
  • Year Built
    • 1927
  • Effective Year Built
    • 1990
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun May 25 2025 . 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.

May 25, 2025 10:27 PM