5221 38th Avenue SW Seattle, WA 98126
Listing Courtesy of: MLS LogoNorthwest MLS / Windermere Real Estate Co. / Tom Cowan

  5221 38th Avenue SW Seattle, WA 98126

Pending (8 Days)
$1,375,000

Description

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.

MLS #:
2344856
Taxes
$11,884(2025)
Lot Size
6,545 SQFT
Type
Multifamily
Building Name
Herberts Add
Year Built
1954
Style
4-Plex
School District
Seattle
County
King County
Community
Fairmount

Listed By

Tom Cowan, Windermere Real Estate Co.
Source
Northwest MLS as distributed by MLS Grid
Last checked May 9 2025 at 12:27 PM GMT+0000
Bathroom Details
Subdivision
  • Fairmount
Lot Information
  • Alley
  • Curbs
  • Dead End Street
  • Paved
  • Sidewalk
  • Value In Land
Property Features
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Vinyl
  • Vinyl Plank
  • Carpet
Exterior Features
  • Wood
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Interest rate
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 5/9/25 05:27. 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.