1306 S Bayview Street, Seattle, WA 98144
- $1,295,000
- 2,820
- SqFt
Listing courtesy of Urban Commercial Partners, LLC.
- List Price
- $1,295,000
- Status
- ACTIVE
- MLS#
- 2439670
- Days on Market
- 348
- Style
- 52 - Duplex
- Building Condition
- Fixer
- Finished SqFt
- 2,820
- Lot Size (sq ft)
- 7,610
Property Description
North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $63,000 in gross annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.
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Additional Information
- List Date
- 2025-09-30 18:28:11
- Community
- Beacon Hill
- Potential Terms
- Cash, Conventional
- Year Built
- 1954
- View
- Mountains
- Roof
- Composition
- School District
- Seattle
- Total Monthly Income
- $5,435
- Gross Scheduled Income
- $63,594
- Gross Adjusted Income
- $63,594
- Tax Year
- 2025
- Insurance Expense
- $2,528
- W/S/G Expenses
- $4,556
- Total Expenses
- $23,476
- Net Operating Income
- $39,848
- Gross Rent Multiplier
- 20.4
- Cap Rate
- 3
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Based on information submitted to the MLS GRID as of . 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.