5045 37th Avenue S, Seattle, WA 98118

$800,000
1,900
SqFt

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Listing courtesy of COMPASS.

List Price
$800,000
Status
ACTIVE
MLS#
2493055
Price Change
▼ $25,000 1784257643
Days on Market
132
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,900
Area Total SqFt
1900
Annual Tax Ammount
7711.34
Lot Size (sq ft)
2,159
Sewer
Sewer Connected

Property Description

Turnkey duplex opportunity in the heart of Columbia City that is great for house hacking by living in one of the units or renting out both for cashflow. This well-maintained property features two updated units: Unit A features a 3-bedroom, 1-bath floorplan and Unit B features a 2-bedroom, 1-bath floorplan. Both units are currently tenant-occupied, providing immediate rental income for the next owner. Each unit has been thoughtfully updated with modern finishes with its own individual washer & dryer, helping minimize near-term maintenance while offering comfortable living spaces. Generous interiors and functional floor plans make the property well-suited for long-term rental use. Conveniently located just steps away from the Light Rail, as well as local shops, dining, and parks in Columbia City. A compelling opportunity for investors seeking a well-kept, income-producing property in a central Seattle location. The duplex comes pre-inspected.

Additional Information

List Date
2026-03-18 22:13:11
Community
Columbia City
Net Operating Income
$44,839
Gross Adjusted Income
$56,460
Gross Scheduled Income
$56,460
Total Monthly Income
$4,705
Insurance Expenses
$900
Water/Sewer/Garbage Expenses
$3,010
Gross Rent Multiplier
14.6
Total Expenses
$11,621
Cap Rate
5.4
Total Number of Units
2
Unit Name
5045
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1920
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet
Energy Source
Electric
School District
Seattle
Elementary School
Hawthorne
Middle School
Aki Kurose
High School
Franklin High
Total Monthly Income
$4,705
Gross Scheduled Income
$56,460
Gross Adjusted Income
$56,460
Tax Year
2025
Insurance Expense
$900
W/S/G Expenses
$3,010
Total Expenses
$11,621
Net Operating Income
$44,839
Gross Rent Multiplier
14.6
Cap Rate
5.4
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.
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