4218 Pasadena Place NE, Seattle, WA 98105
- $3,200,000
- 8,208
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $3,200,000
- Status
- ACTIVE
- MLS#
- 2552535
- Days on Market
- 67
- Style
- 55 - 5-9 Units
- Finished SqFt
- 8,208
- Lot Size (sq ft)
- 7,745
Property Description
Pasadena Place is a rare eight-unit multifamily opportunity located just minutes from the University of Washington, consisting of five townhomes and one triplex across three buildings. All townhomes were built in 2008, the triplex was built in 1927 and renovated in 2025. The property offers a desirable mix of spacious 2-, 3-, and 4-bedroom units averaging approximately 1,000 square feet, creating broad rental appeal in a high-demand neighborhood. All units in the triplex and one townhome have been recently renovated, while the remaining townhomes present a clear value-add opportunity through interior upgrades. Pasadena Place offers investors both stable in-place cash flow and future rental upside.
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Additional Information
- List Date
- 2026-07-09 21:41:15
- Community
- University District
- Potential Terms
- Cash, Conventional
- Year Built
- 1927
- Roof
- Composition
- School District
- Seattle
- Total Monthly Income
- $22,922
- Gross Scheduled Income
- $216,300
- Vacancy Rate
- 5
- Gross Adjusted Income
- $205,485
- Tax Year
- 2026
- Insurance Expense
- $4,500
- W/S/G Expenses
- $5,031
- Total Expenses
- $56,839
- Net Operating Income
- $199,561
- Gross Rent Multiplier
- 14.79
- Cap Rate
- 6.24
Mortgage Calculator
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.