5221 38th Avenue SW Seattle WA 98126 MLS #NWM2344856

Listing Provided Courtesy of Windermere Real Estate Co.
Excellent investment opportunity located on a quiet, dead-end street near Alaska & Morgan Junction amenities, Fairmount Park, & w/easy access to the West Seattle bridge. This well-maintained 4-plex includes 2 bed, 1 bath end-units approx 820 SF, all w/good natural light, functional layouts, a small deck or yard, & in-unit W/D. Enjoy solid income w/the ability to improve operations, renovate on turnover, or potential to owner-occupy. Find an attached 2-car garage & sizable storage areas + an additional 6-8~ tandem parking off the alley. The 6,545 SF street-to-alley LR2(M) lot provides future development potential. Recent improvements include exterior paint & reglazing 36 windows. This is a flexible asset w/ multiple investment strategies.

Property Details

Price:
$1,375,000
MLS #:
NWM2344856
Status:
Active
Beds:
0
Baths:
0
Address:
5221 38th Avenue SW
Type:
Multi Family
Subdivision:
Fairmount
Neighborhood:
140 – West Seattle
City:
Seattle
Listed Date:
Apr 30, 2025
State:
WA
Finished Sq Ft:
3,280
Total Sq Ft:
3,280
ZIP:
98126
Lot Size:
6,545 sqft / 0.15 acres (approx)
Year Built:
1954
Units:
4

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Baseboard

Exterior

Construction Materials
Wood
Exterior Features
Wood
Parking Spots
8
Roof
Composition

Financial

Net Operating Income
$59,872
Tax Year
2025
Taxes
$11,884

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