621 Malden Avenue E Seattle WA 98112 MLS #NWM2324641

Listing Provided Courtesy of Windermere Real Estate Co.
Highly Successful Airbnb property in North Capitol Hill. Custom design & built 2022.(Guests Unaware so drive by but do not approach bldg). Giant Duplex/ADU: 8-BR/8-Bath + 2-BR/1-Bath. High occupancy finishes + commercial systems to mid-rise code: fully sprinklered, 2 hour fire walls int & ext, elec heat pump hot water, 1.5″ supply, etc. In a city w/ $150-$1000+ hotels, Owner/ BnB Manager built loyal guests @ $60-$120+, see Game of Thrones/ House of the Dragon decor & marketing theme. List price incl all furniture, linens, furnished kitchens & intellectual properties. Short term rental use phased in 2024, now 2025 reso’s are soaring. $247K GAI 2024, charting $296K GSI/ $164K NOI/ 8.4 Cap in 2025. Exc BnB prop loans @ 7.0%. More info Avail.

Property Details

Price:
$1,950,000
MLS #:
NWM2324641
Status:
Active
Beds:
0
Baths:
0
Address:
621 Malden Avenue E
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Capitol Hill
Neighborhood:
390 – Central Seattle
City:
Seattle
Listed Date:
Jan 28, 2025
State:
WA
Finished Sq Ft:
2,806
Total Sq Ft:
2,806
ZIP:
98112
Lot Size:
2,023 sqft / 0.05 acres (approx)
Year Built:
2022
Units:
2

Schools

School District:
Seattle

Interior

Cooling
Ductless H P- Mini Split
Flooring
Vinyl Plank
Heating
Wall Unit(s)

Exterior

Exterior Features
Cement Planked
Roof
Composition

Financial

HOA Fee
$50
HOA Frequency
Annually
Net Operating Income
$164,780
Tax Year
2025
Taxes
$17,760

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621 Malden Avenue E
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