1612 N 38th ST, Seattle, WA 98103
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1612 N 38th ST, Seattle, WA 98103
1612 N 38th ST, Seattle, WA 98103
1612 N 38th ST, Seattle, WA 98103
1612 N 38th ST, Seattle, WA 98103
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RaeAnne Marcum

RaeAnne Marcum

+1(509) 521-5323
Listed by:Skyline Properties, Inc. • Amir Rashidi
$ 1,199,000
Est. payment /mo
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Active

1612 N 38th ST Seattle, WA 98103

6 Beds

2.5 Baths

1,850 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,850 sqft

Price per Sqft $648

Subdivision Wallingford

MLS Listing ID 2593173

Style 12 - 2 Story

Bedrooms 6

Full Baths 2

Half Baths 1

Year Built 1902

Annual Tax Amount $9,063

Lot Size 2,400 Sqft

Lot Dimensions 40 x 60

Property Sub-Type Single Family Residence

Property Description

Exceptional Investment Opportunity in Desirable Wallingford! This conveniently located legal duplex offers outstanding flexibility, strong rental income, and long-term investment potential—ideal for investors, owner-occupants, or multi-generational living. Generating $79,200 in actual annual rental income, with a projected NOI of $64,220 and a 5.36% cap rate, the property benefits from low operating expenses, with tenants paying all utilities and the owner responsible only for property taxes and insurance. No HOA fees! Live in one unit and rent the other, or enjoy the established rental income. Previously operated as an Airbnb, offering additional potential (buyer to verify eligibility). Each unit is separately metered with its own tankless water heater. Recent improvements and desirable features include a new roof, off-street parking, basement storage, a stone patio, and a private fenced backyard. Enjoy impressive Seattle skyline views from both units! The upper unit features double French doors opening to a balcony, while the lower unit offers a charming wrap-around porch. Ideally situated minutes from I-5, the University of Washington, Gas Works Park, John Stanford International School, and other highly regarded schools. A rare opportunity to own an income-producing duplex in one of Seattle's most sought-after neighborhoods! Offered at $1,199,000 | 5.36% Cap Rate | $79,200 Annual Rental Income.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Flooring Ceramic Tile, Engineered Hardwood, Carpet

Fireplace false

Appliance Tankless Water Heater

Exterior

Exterior Feature Brick, Wood Products

Amenities Available Deck, Fenced-Fully, Gas Available, Patio

View Y/N Yes

View See Remarks, Territorial

Roof Type Composition

Building

Lot Description Paved, Sidewalk

Story Two

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools John Stanford Intl

Middle Schools Hamilton Mid

High Schools Lincoln High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

RaeAnne Marcum

RaeAnne Marcum

Founding Broker MDG License ID: 118643

+1(509) 521-5323

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1612 N 38th ST