Bought with Windermere Real Estate Co.
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Key Details
Sold Price $1,005,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $394
Subdivision Georgetown
MLS Listing ID 2357955
Sold Date 08/29/25
Style 54 - 4-Plex
Year Built 1895
Annual Tax Amount $8,994
Lot Size 8,000 Sqft
Property Sub-Type Multi Family
Property Description
A GREAT OPPORTUNITY AWAITS YOU WITH THIS OUTSTANDING PROPERTY! The Historic Faust-Dahlstrom House in hip and happening Georgetown is available for the first time in many years. This 4-UNIT PROPERTY (TRIPLEX + COTTAGE) situated on an 8000 SQFT LOT has the POTENTIAL TO BUILD ANOTHER DADU for even more income, and it may be possible to put more than one additional DADU on this lot (Buyer to verify). Cap rate is currently 5.7% These units have been updated, yet retain their historic charm. BELOW MARKET RENTS MORE THAN COVER MORTGAGE AND EXPENSES WITH 25% DOWN! Call helpful Listing Broker for full information on this excellent property.
Location
State WA
County King
Area 380 - Southeast Seattle
Interior
Flooring Hardwood, Softwood
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cabana/Gazebo, Cable TV, Fenced-Fully, Gas Available, High Speed Internet
View Y/N Yes
View See Remarks
Roof Type Flat
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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John Dirgo Deweese
Designated Broker | License ID: 25033
Designated Broker License ID: 25033