Wallingford X is a 25-unit multifamily property (18 studios, 7 - 1 bedroom/1 bathroom) perched above the vibrant and highly sought-after Wallingford neighborhood. The units feature lake, city, and territorial views that charms tenants and keeps the property at high occupancy. The asset is fully occupied for the next 4 years with 4% annual increases. Each unit offered fully furnished was renovated with brand new flooring, new hardware, fixtures, and trim, and the owners installed new kitchens & kitchenettes. Wallingford X represents a strong value-add investment with its current rents providing steady cash-flow and opportunity for significant upside from market rents and future redevelopment of up to 66 SEDU or 77 congregate housing units.
LAST UPDATED
|
2/21/2025
|
NEIGHBORHOOD
|
Wallingford
|
YEAR BUILT
|
1905
|
COMMUNITY
|
Wallingford
|
COUNTY
|
King
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
Elementary School |
Bf Day |
Jr. High School |
Hamilton Mid |
High School |
Lincoln High |
AIR CONDITIONING |
Yes |
AREA |
705 - Ballard/Greenlake |
BASEMENT |
Yes |
CONSTRUCTION |
Wood Siding |
HEAT |
Electric, Forced Air |
INTERIOR |
Laminate Hardwood |
LOT |
4840 sq ft |
LOT DESCRIPTION |
Corner Lot, Secluded, Sidewalk, Value In Land |
LOT DIMENSIONS |
162 X 149 X 63 |
MLS STATUS |
Active |
STORIES |
3 |
STYLE |
56 - 10+ Units |
SUBDIVISION |
Wallingford |
TAXES |
22909.08 |
UTILITIES |
Sewer Connected |
VIEW |
Yes |
VIEW DESCRIPTION |
City, Lake, Mountain(s) |
WATER |
Public |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/4/25 11:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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