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Listed by:Paragon Real Estate Advisors • Will Douglas
$995,000
Est. payment /mo
3 Beds
4 Baths
2,184 SqFt
New
1 Dravus ST Seattle, WA 98109
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,184 sqft
Price per Sqft $455
Subdivision Queen Anne
MLS Listing ID 2582564
Style 54 - 4-Plex
Bedrooms 3
Year Built 1953
Annual Tax Amount $9,494
Lot Size 1,110 Sqft
Property Sub-Type Multi Family
Property Description
The Dravus Fourplex consists of four thoughtfully configured units, including two studios, a 2BD/1BTH unit, and a 1BD/1BTH unit with a den. Each unit features in-unit W/D, vinyl plank flooring, and updated appliances. Select units have received more extensive renovations, including gray shaker cabinetry, quartz-style countertops, modern fixtures, and other contemporary finishes, while the remaining units have been updated over time as needed and maintained in good condition. The property is exceptionally well located, with Fremont just a five-minute walk across the Fremont Bridge, providing immediate access to the neighborhood's restaurants, bars, retail, and entertainment. Opportunities to acquire a renovated and well-positioned fourplex in Queen Anne are increasingly rare. With the building's major systems addressed, a new roof, renovated interiors, and strong proximity to Fremont and Queen Anne, the Dravus Fourplex offers an attractive combination of current income and future upside. Unit 3 has recently become vacant, creating an excellent owner-user opportunity for a buyer looking to occupy one unit while benefiting from rental income from the remaining three. The property is already operating well, while additional upside exists through the potential to implement utility bill-backs, providing a clear path to further increase income and improve overall operating performance.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Brick, Wood Products
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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