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Listing provided courtesy of Matt Johnston, Pilot Ventures LLC.
Source NWMLS.
4230 8th Ave NE, Seattle, WA 98105
8
beds
6
baths
6884
ft2
· 4750
ft2 lot
$4,300,000
$625 / ft2
The Pinetree Apartments are strategically located in the U-District neighborhood, approximately 5 blocks from the new Light Rail Station scheduled to open this year. Walk score of 96 (Walker’s Paradise) and transit score of 78 (Excellent). Well-maintained and poised for additional revenue growth via rent increases, consistent utility billback fees, parking rent, and laundry income. Built in 1981, the property consists 13 units with an average size of 573 sf: five 1-bed, four 2-bed units, one 3-bed 1-bath, and one 3-bed 1.75 bath. The building is wood framed with copper plumbing, vinyl windows, electric baseboard heat, and 12 parking spaces. Two units are townhouse style which has been well received in this submarket.
HOA
$0/month
On market
2 months
Year built
1981
Property type
56 10+ Units,Multi Family
Parking
12
MLS
1731263
Price / Sq.Ft.
$625 / ft2
Status
Active
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Based on a price of $4,300,000
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Property Details
Interior Features & Layout
Oven Unit 1
Oven Unit 1
Oven Unit 2
Oven Unit 2
Heating Details
Baseboard
Refrigerator Unit 1
Refrigerator Unit 1
Unit 6 Beds
1
Refrigerator Unit 2
Refrigerator Unit 2
Unit 5 Beds
2
Unit 1 Baths
1.00
Unit 4 Beds
2
Unit 2 Baths
1.00
Unit 3 Baths
1.00
Unit 3 Beds
1
Unit 4 Baths
1.00
Unit 2 Beds
1
Unit 1 Beds
1
Unit 5 Baths
1.00
Unit 6 Baths
1.00
Property, Lot, Community & Exterior Features
Total Units In Building
13
Vacancy Rate
4
Area Amenities
Coin Op Laundry
Lot Features
Cable TV, High Speed Internet
Lot Size Source
Public Records
Mls Prop Type
56 - 10+ Units, Multi-Family
Building Exterior Details
Wood, Wood Products
Uncovered Spaces
8
Zoning Type
City
Unit 6 Sqft
350
Unit 5 Sqft
600
Style
56 - 10+ Units
Unit 4 Sqft
600
Unit 3 Sqft
350
Roof
See Remarks
Unit 2 Sqft
350
Lot Details
Curbs, Paved Street, Sidewalk
Unit 1 Sqft
350
Carport Spaces
4
Mls Property Type
Multi-Family
Unit 1 Details
100
Unit 2 Details
101
Unit 3 Details
102
Unit 4 Details
103
Number Stories
4
Unit 5 Details
104
Unit 6 Details
201
Utilities & Other Information
Water / Sewer / Garbage
7365
Water Source
Public
Energy Source
Electric
Sewer
Sewer Connected
Electric Expenses
10000
Listing Details, Costs & Financing Information
Insurance Expenses
2580
Form 17
Provided
Possession
Closing, Sub. Tenant's Rights
Buyer's Agent Commission
2%
Terms
Cash Out, Conventional
Net Operating Income
171975
Monthly Rent Unit 1
1075
Other Expenses
34184
Monthly Rent
24415
Monthly Rent Unit 2
1250
Gross Rent Multiplier
16
Monthly Rent Unit 3
1300
Cap Rate
4.00
Monthly Rent Unit 4
1450
Monthly Rent Unit 5
1450
Monthly Rent Unit 6
1000
Tax Year
2020
Sale Type
MLS
Status
Active
Gross Scheduled Income
264540
Offers
RECEIPT
Taxes
30692
Operating Expense
84647, 84647
Preliminary Title Ordered
Preliminary Title Ordered
Apn
4092301320
Gross Adjusted Income
256622
School Neighborhood & Directions
Elementary School
Green Lake
High School
Lincoln High
Directions
I-5 to NE 45th St (University of Washington). Head East on NE 45th, then South on 8th Ave NE. Property is on the East side of the street. Street parking.
Middle School
Hamilton Mid
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 15, 2021 12:50am
Neighborhood snapshot
34
Properties for sale
12.5
Median days on market
$512.77
Median sold price/sqft
101.19%
Sold/List %
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Property History
02/18/2021
02/18/2021
NWMLS #1731263
active
NWMLS #1731263
$4,300,000
+319.51%
09/05/2013
09/05/2013
NWMLS #20025729
cancelled
NWMLS #20025729
$1,025,000
+2.63%
05/07/2000
05/07/2000
Public Record
sold
Public Record
$998,700
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Courtesy of NWMLS
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