OFF MARKET

Listed by Michael Urquhart • Paragon Real Estate Advisors. Bought with Westlake Associates, Inc.

Off market jul 2021 for $4M

—

Est. refi paymentEst. refi $9,317/mo

—

•

— ba

•

7,769

sq ft

1609 N 46th St, Seattle, WA 98103

About this home

Trophy asset located a half block off the desirable 45th Street retail corridor in the coveted Wallingford neighborhood. The building has been well-maintained and presents an investor with a turnkey asset. Building offers 5 studio units and 9 – 1BD units along with 5 garage parking stalls and 5 storage lockers on the back of the lot. The units contain coved ceilings, hardwood floors and receive an abundance of natural light. The property has been updated with double pane vinyl windows, has sprinklers throughout the basement units and hallways, and has a coin-operated common laundry room. The building has also been implemented with RUBS. The lot totals 6,400 SF of LR2 RC (M) zoning providing an investor with future development potential.

Multi-familyProperty Type

1926Year Built

6,400 sq ftLot Size

$515Price/Sq.Ft.

5 spacesParking

Listed by Michael Urquhart • Paragon Real Estate Advisors

Listed by Eric Smith • Paragon Real Estate Advisors

Bought with Richard Kemp • Westlake Associates, Inc.

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1758382

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Wallingford, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.2%

+0.2% MoM

Median sale price

$1.0M

$75K MoM

Avg. days on market

16d

2 days MoM

Recently sold homes

5 MoM

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4 beds4 baths3,120 sq ft
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See all

Provided by Redfin

Sale history for 1609 N 46th St

Date

Event

Price

Sep 15, 2023

Rental Removed

APPFOLIO #1

$1,595

$0/sq ft

Sep 8, 2023

Listed for Rent

APPFOLIO #1

$1,595

$0/sq ft

Jul 26, 2021

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #1758382

$4,000,000

$515/sq ft

May 6, 2021

Pending

NWMLS as Distributed by MLS Grid #1758382

—

May 4, 2021

Pending

NWMLS as Distributed by MLS Grid #1758382

—

Apr 20, 2021

Listed (Active)

NWMLS as Distributed by MLS Grid #1758382

$4,000,000

$515/sq ft

Mar 11, 2005

Sold

Public Records

$1,386,300

$178/sq ft

Mar 11, 2005

Sold (MLS)

NWMLS as Distributed by MLS Grid #24154778

$1,387,500

$179/sq ft

Jan 17, 2005

Delisted

NWMLS as Distributed by MLS Grid #24154778

—

Nov 5, 2004

Listed

NWMLS as Distributed by MLS Grid #24154778

$1,500,000

$193/sq ft

Jun 23, 1986

Sold

Public Records

$380,000

$49/sq ft

Aug 4, 1980

Sold

Public Records

$311,000

$40/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$34,829 (+10.0%)

$1,536,000 + $1,827,000

$3,363,000

2025

$31,670 (−13.5%)

$1,536,000 + $1,827,000

$3,363,000

2024

$36,606 (+2.7%)

$1,536,000 + $1,756,000

$3,292,000

2023

$35,656 (+11.1%)

$1,536,000 + $2,364,000

$3,900,000

2022

$32,103 (−3.7%)

$1,408,000 + $2,833,000

$4,241,000

2021

$33,351 (+0.3%)

$1,408,000 + $2,097,000

$3,505,000

2020

$33,236 (+14.4%)

$1,408,000 + $2,058,000

$3,466,000

2019

$29,043 (+1.9%)

$1,024,000 + $2,369,000

$3,393,000

2018

$28,510 (+1.0%)

$1,024,000 + $2,369,000

$3,393,000

2017

$28,238 (+16.5%)

$768,000 + $2,122,000

$2,890,000

2016

$24,245 (+18.1%)

$768,000 + $2,199,000

$2,967,000

2015

$20,525 (−4.7%)

$704,000 + $1,803,000

$2,507,000

2014

$21,546 (+9.6%)

$704,000 + $1,464,000

$2,168,000

2013

$19,660 (+14.1%)

$640,000 + $1,198,000

$1,838,000

2012

$17,223 (+10.4%)

$640,000 + $1,198,000

$1,838,000

2011

$15,604 (+25.6%)

$640,000 + $946,000

$1,586,000

2010

$12,421 (+2.1%)

$640,000 + $706,000

$1,346,000

2009

$12,164

$640,000 + $855,000

$1,495,000

Tax history for 1609 N 46th St

Year

Property tax

Land + Additions

Assessment*

2026

$34,829 (+10.0%)

$1,536,000 + $1,827,000

$3,363,000

2025

$31,670 (−13.5%)

$1,536,000 + $1,827,000

$3,363,000

2024

$36,606 (+2.7%)

$1,536,000 + $1,756,000

$3,292,000

2023

$35,656 (+11.1%)

$1,536,000 + $2,364,000

$3,900,000

2022

$32,103 (−3.7%)

$1,408,000 + $2,833,000

$4,241,000

2021

$33,351 (+0.3%)

$1,408,000 + $2,097,000

$3,505,000

2020

$33,236 (+14.4%)

$1,408,000 + $2,058,000

$3,466,000

2019

$29,043 (+1.9%)

$1,024,000 + $2,369,000

$3,393,000

2018

$28,510 (+1.0%)

$1,024,000 + $2,369,000

$3,393,000

2017

$28,238 (+16.5%)

$768,000 + $2,122,000

$2,890,000

2016

$24,245 (+18.1%)

$768,000 + $2,199,000

$2,967,000

2015

$20,525 (−4.7%)

$704,000 + $1,803,000

$2,507,000

2014

$21,546 (+9.6%)

$704,000 + $1,464,000

$2,168,000

2013

$19,660 (+14.1%)

$640,000 + $1,198,000

$1,838,000

2012

$17,223 (+10.4%)

$640,000 + $1,198,000

$1,838,000

2011

$15,604 (+25.6%)

$640,000 + $946,000

$1,586,000

2010

$12,421 (+2.1%)

$640,000 + $706,000

$1,346,000

2009

$12,164

$640,000 + $855,000

$1,495,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

6,400 Sq. Ft.

Year renovated

1995

Sq. Ft.

8,450

Year built

1926

Style

Multi-Family (5+ Unit)

County

King County

APN

408380 3110

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 5, 2026.

Mar 6, 2025 • Final

Electrical permit: over the counter

Replace an existing fuse box for the house power supply with a new circuit breaker panel. This work does not include individual units.

Electrical

Feb 13, 2025 • Final

Electrical permit: over the counter

Replace an existing conventional fire alarm control panel with a new conventional panel. Install a radio monitoring system and add a smoke detector and pull station at the panel location.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Covered Spaces: 5

Interior

Heating & Cooling
Has Heating

Interior Features
Interior Features: Radiator, Hardwood
Flooring: Hardwood, Vinyl

Multi-Family Financial Information
Insurance Expense: $4,390
Other Expense: $36,703
Net Operating Income: $176,610
Gross Adjusted Income: 271273
Gross Scheduled Income: $282,576
Total Monthly Income: 23548
Gross Rent Multiplier: 14
Total Expenses: 94663

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 14
Vacancy Rate: 4
# of Units (Total): 14
Furnished: Unfurnished

Exterior

Building Information
Construction Methods: Standard Frame
Roof: Flat

Exterior Features
Exterior Features: Brick, Wood, Wood Products

Property Information
Energy Source: Natural Gas
Style Code: 56 - 10+ Units
Property Type: Residential Income
Property Sub Type: Multi Family

Land Information
Possible Use: Multi-Family

Lot Information
MLS Lot Size Source: Public Records
Zoning Jurisdiction: City
Lot Size Units: Square Feet
Lot Size Acres: 0.1469
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $33,351
Tax Year: 2021

Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Not Disclosed

Utilities

Utility Information
Sewer: Sewer Connected
Utilities: Sewer Connected, Natural Gas Connected
Water Sewer Garbage: 20210

Location

School Information
High School District: Seattle

Location Information
Directions: From I5 take the 50th St Exit. Follow signs for 50th St/Seattle Pacific University. From 50th turn left on Wallingford Ave N. Right on N 46th. Property will be on the Left.

Community Information
Amenities: Coin Op Laundry,Storage

Public facts

Beds: —
Baths: —
Sq. Ft.: 8,450
Stories: 3.0
Lot Size: 6,400 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1926
Year Renovated: 1995
County: King County
APN: 408380 3110

Home facts updated by county records on Sep 5, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Tuesday, April 20, 2021

Green Information
Power Production Type: Natural Gas

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 7769
Building Area Total: 7769
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: Multi Family
Stories Total: 3

Around this home

Schools

Green Lake Elementary School

Public PreK-5 • Assigned • 1.1mi

7/10

Hamilton International Middle School

Public 6-8 • Assigned • 0.3mi

8/10

Lincoln High School

Public 9-12 • Assigned • 0.1mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 86° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Seattle, WA • 98103

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.7 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

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Home values near 1609 N 46th St

Data from public records.

Address	Redfin Estimate
1619 North 46th St, Seattle, WA - Beds \| - Baths \| 2070 Sq. Ft.	$950,865
1614 North 46th St Apartment A, Seattle, WA 3 Beds \| 3.5 Baths \| 1500 Sq. Ft.	$1,029,816

Address	Redfin Estimate
1615 North 46th St, Seattle, WA 4 Beds \| 2 Baths \| 2140 Sq. Ft.	$1,094,292
1620 North 46th St, Seattle, WA 3 Beds \| 3.5 Baths \| 1500 Sq. Ft.	$965,155

Address	Redfin Estimate
1608 North 46th St, Seattle, WA 3 Beds \| 2.5 Baths \| 1600 Sq. Ft.	$984,068
1614 North 46th St Apartment B, Seattle, WA 2 Beds \| 2.5 Baths \| 1342 Sq. Ft.	$857,160

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About this home

Redfin Estimate

Market trends in Wallingford, WA

Sale history for 1609 N 46th St

Tax history for 1609 N 46th St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 98103

Home values near 1609 N 46th St

More real estate resources