1 Dravus ST, Seattle, WA 98109
1 Dravus ST, Seattle, WA 98109
1 Dravus ST, Seattle, WA 98109
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Ranjani Ravi

Ranjani Ravi

+1(408) 613-7623
Listed by:Paragon Real Estate Advisors • Will Douglas
$995,000
Est. payment /mo
3 Beds
4 Baths
2,184 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,184 sqft

Price per Sqft $455

Subdivision Queen Anne

MLS Listing ID 2582564

Style 54 - 4-Plex

Bedrooms 3

Year Built 1953

Annual Tax Amount $9,494

Lot Size 1,110 Sqft

Property Sub-Type Multi Family

Property Description

The Dravus Fourplex consists of four thoughtfully configured units, including two studios, a 2BD/1BTH unit, and a 1BD/1BTH unit with a den. Each unit features in-unit W/D, vinyl plank flooring, and updated appliances. Select units have received more extensive renovations, including gray shaker cabinetry, quartz-style countertops, modern fixtures, and other contemporary finishes, while the remaining units have been updated over time as needed and maintained in good condition. The property is exceptionally well located, with Fremont just a five-minute walk across the Fremont Bridge, providing immediate access to the neighborhood's restaurants, bars, retail, and entertainment. Opportunities to acquire a renovated and well-positioned fourplex in Queen Anne are increasingly rare. With the building's major systems addressed, a new roof, renovated interiors, and strong proximity to Fremont and Queen Anne, the Dravus Fourplex offers an attractive combination of current income and future upside. Unit 3 has recently become vacant, creating an excellent owner-user opportunity for a buyer looking to occupy one unit while benefiting from rental income from the remaining three. The property is already operating well, while additional upside exists through the potential to implement utility bill-backs, providing a clear path to further increase income and improve overall operating performance.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Laminate, Vinyl

Fireplace false

Exterior

Exterior Feature Brick, Wood Products

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Ranjani Ravi

Ranjani Ravi

+1(408) 613-7623

Managing Broker License ID: 23004133

Managing Broker License ID: 23004133

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