627 - 633W Mercer Pl
Seattle WA 98119

West Mercer Portfolio

627 - 633W Mercer Pl Seattle WA 98119

Listing #: 684233 | Status: Available | Last Modified: 11/7/2024 |

For Sale
Ryan Iles
  • Phone:(206) 812-9119
  • Email:ryan@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Will Douglas
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,975,000.0
  • $/SF$ 520.6
  • $/Unit$ 1,975,000.0
  • Listing StatusAvailable
  • Days on Market133
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income124,704
  • Vacancy Factor %4.00%
  • Operating Expenses40,304
  • Net Operating Income79,411
  • CAP Rate 4.27 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.27 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors2
  • # of Units6
  • # of Elevators0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF3794
  • Net Rentable Area3794
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF6292
  • Acres0.14
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaQueen Anne/Magnolia
  • Tax ID #3879901760
  • Additional Parcels3879901765
  • ZoningMR(M)
Construction
  • Year Built1931
  • Year Renovated1981
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

West Mercer Portfolio

Public Comments

We are excited to present the exclusive listing of the West Mercer Portfolio, an ideally positioned Fourplex and Duplex (non-conforming) on the west slope of Queen Anne. Just a short drive to Downtown Seattle and conveniently located next to Kinnear Park, allowing tenants to enjoy the city lifestyle while also being able to escape into the PNW’s beauty within minutes. The Fourplex was completely rebuilt in the early 2000’s and is on a 3,003 SqFt lot that is zoned MR(M), allowing for development potential to the future buyer. The units are in good condition and have been well cared for since their reconstruction. The Fourplex consists of 3 – 2Bd/1Bth units that average 683 SqFt and 1 – 1Bd/1Bth unit that is 450 SqFt. In the rear of the property is a backyard that is fully fenced and perfec

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