Georgetown Homes with 54 - 4-Plex Style

Welcome to Georgetown, a vibrant and eclectic neighborhood nestled in the heart of Seattle, Washington. Known for its rich history and artistic flair, Georgetown seamlessly blends urban charm with a sense of community that makes it a unique place to call home. Once an industrial hub, this area has transformed into a lively enclave filled with art galleries, boutique shops, and an array of dining options that cater to every palate. The streets are lined with colorful murals and the sounds of local music often fill the air, creating an atmosphere that is both inviting and dynamic.

When it comes to real estate, Georgetown offers a range of housing options, including the increasingly popular 4-plex style homes. These multi-family residences provide an ideal solution for those looking to invest in property while enjoying the benefits of community living. Each unit within a 4-plex is thoughtfully designed, maximizing space and comfort, making them perfect for families, young professionals, or those seeking a rental opportunity. The architecture often reflects the neighborhood's historic charm, with modern upgrades that enhance functionality without sacrificing style.

Living in Georgetown means you’re just a stone’s throw away from the Seattle skyline, yet you can relish the tranquility of a close-knit community. With parks, art installations, and local breweries just around the corner, residents enjoy an unparalleled lifestyle that balances urban excitement with suburban serenity. Whether you’re looking to settle down or invest, Georgetown's 4-plex homes offer a unique opportunity to be part of this thriving neighborhood. Come discover the charm of Georgetown – where community meets creativity!

Newest Georgetown Homes with 54 - 4-Plex Style

$1,379,000

2542292 MLS ⋅ ACTIVE Status

Turnkey Georgetown Multifamily Investment with Immediate Income & Upside Excellent opportunity to acquire a stabilized, income-producing four-unit property in the heart of Georgetown. The property consists of one non-conforming studio, two 1-bedroom/1-bathroom units, and one 2-bedroom/1-bathroom unit. All units were renovated approximately five years ago with updated kitchens, hard-surface flooring, modern fixtures, and refreshed finishes, minimizing near-term capital improvement needs. The property has been carefully maintained and provides investors with immediate cash flow plus additional value-add potential. Investment Highlights: * Purchase Price: $1,379,000 * Gross Annual Income: $90,000 * Annual Expenses: $21,204 * NOI: $68,796 * Cap Rate: 5%. Increase the rent and change this to 7.5% * Renovated and well-maintained units * Upside potential through future rent increases * Additional potential income from storage * Seller concession available through CMG Home Loans, subject to lender terms and buyer qualification, Diane Haag, 425-444-8484. With a nearly 5% cap rate, renovated units, and identifiable opportunities to increase revenue, this property offers investors an attractive combination of current cash flow, limited near-term capital needs, and long-term appreciation potential in Seattle’s Georgetown neighborhood.

6635 Carleton Avenue S, Seattle

Listing Broker: Skyline Properties, Inc.; Amir Rashidi; 206-498-2290; amir@gotobuysell.com

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.