308 NE 50th Street, Seattle, WA 98105

$699,500
1,920
SqFt

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Listing courtesy of Keller Williams Realty Bothell.

List Price
$699,500
Status
ACTIVE
MLS#
2512348
Price Change
▼ $25,500 1783928342
Days on Market
96
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,920
Area Total SqFt
1920
Annual Tax Ammount
8817.1
Internet Provider
Xfinity
Lot Size (sq ft)
3,919
Sewer
Available, Sewer Connected

Property Description

INCOME OPPORTUNITY IN PRIME WALLINGFORD! Well-maintained duplex with proven rental performance—perfect for investors or owner-occupants looking to offset their mortgage. Each approx. 960 SF unit offers 2 bedrooms, 1 bath & its own washer/dryer. Upper unit showcases classic charm with oak hardwoods, formal dining & spacious kitchen. Lower unit features high ceilings, great natural light & private entry. Shared driveway leads to detached 1-car garage, plus flat backyard with potential for additional parking or outdoor use. Highly desirable location near transit, major commute routes, parks, dining & everyday amenities. Solid income with upside - add value over time with thoughtful improvements!

Additional Information

List Date
2026-04-24 02:31:26
Community
Wallingford
Net Operating Income
$35,912
Gross Adjusted Income
$50,400
Gross Scheduled Income
$50,400
Total Monthly Income
$4,200
Insurance Expenses
$1,482
Water/Sewer/Garbage Expenses
$2,423
Gross Rent Multiplier
15.85
Total Expenses
$14,488
Cap Rate
4.5
Total Number of Units
2
Unit Name
308
Potential Terms
Cash, Conventional, Rehab Loan
Year Built
1908
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet
Electric Expenses
1260
Energy Source
Natural Gas
School District
Seattle
Elementary School
Green Lake
Middle School
Hamilton Mid
High School
Lincoln High
Total Monthly Income
$4,200
Gross Scheduled Income
$50,400
Gross Adjusted Income
$50,400
Tax Year
2026
Insurance Expense
$1,482
W/S/G Expenses
$2,423
Total Expenses
$14,488
Net Operating Income
$35,912
Gross Rent Multiplier
15.85
Cap Rate
4.5
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.
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