Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is currently sitting at 5.62%, but could be higher if an investor wants to upscale the units or get creative with shorter-term (AirBNB), higher rent leases. Zoned LR2 for future development options.
This property is $142.6K more than the Median Sold Price and $289/SqFt less than other homes in Seattle, WA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NWMLS
MLS Number: #2222226
Listing Office:
Office Name: John L Scott Westwood
Listing Agent: Jen Shaughnessy
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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.
Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 8:17:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 27, 1998
Feb 27, 1998Home Sold
$302,500
Mar 02, 1990
Mar 02, 1990Home Sold
$235,000
Jun 01, 1989
Jun 01, 1989Home Sold
$148,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,358
$695,000
2018
$6,513
$694,000
2017
$6,384
$616,000
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Gatewood Elementary School
4320 SW Myrtle St
Distance between this listing and this school0.25 miles
Public District Grades KG-5
6
/10
K-5 STEM At Boren
5950 Delridge Way SW
Distance between this listing and this school1.18 miles
Public District Grades KG-5
8
/10
Queen Anne Elementary School
4400 Interlake Ave N
Distance between this listing and this school8.34 miles
Public District Grades KG-5
Middle School
7
/10
Madison Middle School
3429 45th Ave SW
Distance between this listing and this school2.03 miles
Public District Grades 6-8
4
/10
South Shore K-8 School
4800 S Henderson St
Distance between this listing and this school5.49 miles
Public District Grades PK-8
7
/10
Jane Addams K-8
11051 34th Ave NE
Distance between this listing and this school12.33 miles
Public District Grades KG-8
High School
7
/10
West Seattle High School
3000 California Ave SW
Distance between this listing and this school2.30 miles
Public District Grades 9-12
6
/10
Cleveland High School
5511 15th Ave S
Distance between this listing and this school3.42 miles
Public District Grades 9-12
Assigned Schools
7
/10
Gatewood Elementary School
4320 SW Myrtle St
Distance between this listing and this school0.25 miles
Public District Grades KG-5
6
/10
K-5 STEM At Boren
5950 Delridge Way SW
Distance between this listing and this school1.18 miles
Public District Grades KG-5
8
/10
Queen Anne Elementary School
4400 Interlake Ave N
Distance between this listing and this school8.34 miles
Public District Grades KG-5
Assigned Schools
7
/10
Madison Middle School
3429 45th Ave SW
Distance between this listing and this school2.03 miles
Public District Grades 6-8
4
/10
South Shore K-8 School
4800 S Henderson St
Distance between this listing and this school5.49 miles
Public District Grades PK-8
7
/10
Jane Addams K-8
11051 34th Ave NE
Distance between this listing and this school12.33 miles
Public District Grades KG-8
Assigned Schools
7
/10
West Seattle High School
3000 California Ave SW
Distance between this listing and this school2.30 miles
Public District Grades 9-12
6
/10
Cleveland High School
5511 15th Ave S
Distance between this listing and this school3.42 miles
Public District Grades 9-12
Nearby Schools
3
/10
Chief Sealth International High School
2600 SW Thistle St
Distance between this listing and this school1.34 miles
The neighbors living near this home have an average income of $57,251. The majority of Seattle, WA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6553 42nd Ave SW
What is the listing price of this property?
The listing price of 6553 42nd Ave SW property is $950,000.
What type of property is this?
The property 6553 42nd Ave SW is a house located in Seattle, Washington, 98136.
Is this property for sale now?
Sale Pending: 6553 42nd Ave SW is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 6553 42nd Ave SW are: Gatewood Elementary School: GreatSchools Rating 7/10K-5 STEM At Boren: GreatSchools Rating 6/10Queen Anne Elementary School: GreatSchools Rating 8/10Madison Middle School: GreatSchools Rating 7/10South Shore K-8 School: GreatSchools Rating 4/10Jane Addams K-8: GreatSchools Rating 7/10West Seattle High School: GreatSchools Rating 7/10Cleveland High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $7,358 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 27, 1998 for $302,500. (source: MLS/tax record).
What is the square footage of this property?
The property 6553 42nd Ave SW is 3,460 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 6553 42nd Ave SW is 1963.
This home is located at 6553 42nd Ave SW in Seattle, WA and zip code 98136 in the Gatewood Gardens neighborhood. This 3,460 square foot home, which was built in 1963, sits on a 0.14 acre lot. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $950,000.
Over 243 listings were sold over their listed price in March 2024 in Seattle, WA. In the same period over 241 listings were sold below the listed price and 251 listings were sold for the listed price. Between February 2024 and March 2024, Seattle, WA real estate market has seen increase in the number of listings by 18.2%. The median list price of listings available in March 2024 was $807,306, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.