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8100 Delridge Way SW 3 Unit Apartment Building $849,000 ($283,000/Unit) 5.65% Cap Rate Seattle, WA 98106



Executive Summary
Great opportunity to buy a turn key Triplex. Built in 1981 and renovated with the following: Exterior Hardi plank siding & paint, composite stairs and treated framing, water heaters, windows, roof & some interior remodeling as well. All units have dishwashers & stack washer/dryers in units. Back yard and off street parking make this one a great portfolio piece. Also would be a perfect owner live property. Take advantage of the lower rates and the ability to use standard residential financing.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $849,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.65% | Building Size | 2,710 SF |
| Gross Rent Multiplier | 11.96 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1981 |
| Property Type | Multifamily | Parking Ratio | 1.15/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LR1 (M) | ||
| Price | $849,000 |
| Price Per Unit | $283,000 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 11.96 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,710 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | LR1 (M) |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Deck
Site Amenities
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,716 | 850 |
| 2+2 | 1 | $2,195 | 900 |
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Property Taxes
| Parcel Number | 430270-0146 | Total Assessment | $1,114,000 (2024) |
| Land Assessment | $653,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $461,000 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
430270-0146
Land Assessment
$653,000 (2024)
Improvements Assessment
$461,000 (2024)
Total Assessment
$1,114,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
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Photos
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Street
Map
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Contact the Sale Advisor
8100 Delridge Way SW
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