OFF MARKET

Listed by Stephen Janho • Windermere RE West Campus Inc. Bought with Windermere Real Estate Co.

Off market jun 2016 for $1.4M

—

Est. refi paymentEst. refi $9,436/mo

—

•

— ba

•

4,540

sq ft

323 N 48th St, Seattle, WA 98109

About this home

Huge Price Reduction!! Perfect own & lease opportunity. Located in Phinney Ridge this Tri-plex is a solid build and an even better investment. Features secured under ground parking and elevator allowing for fantastic Handicap access to all levels. Two upper units have beautiful views of the Sound and Olympic Mountains along with 2 bed & 2 baths that could possibly be reconfigured for 3 Bedrooms. Ground floor flat has a beautiful outdoor patio. Multiple view decks w/ large open rooms.

Multi-familyProperty Type

1993Year Built

5,000 sq ftLot Size

$316Price/Sq.Ft.

5 spacesParking

Listed by Stephen Janho • Windermere RE West Campus Inc

Bought with Timothy Lenihan • Windermere Real Estate Co.

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #937518

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Fremont, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.9%

0.1% MoM

Median sale price

$705K

$145K MoM

Avg. days on market

19d

6 days MoM

Recently sold homes

0 MoM

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Provided by Redfin

Sale history for 323 N 48th St

Date

Event

Price

Jun 20, 2016

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #937518

$1,435,000

$316/sq ft

May 26, 2016

Pending (Pending Inspection)

NWMLS as Distributed by MLS Grid #937518

—

May 5, 2016

Listed (Active)

NWMLS as Distributed by MLS Grid #937518

$1,499,950

$330/sq ft

Nov 14, 2006

Sold (MLS)

NWMLS as Distributed by MLS Grid #26156715

$1,395,000

$307/sq ft

Sep 16, 2006

Listed

NWMLS as Distributed by MLS Grid #26156715

$1,395,000

$307/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$22,434 (+38.7%)

$1,017,000 + $1,168,000

$2,185,000

2025

$16,178 (+1.7%)

$1,017,000 + $1,168,000

$2,185,000

2024

$15,908 (+3.2%)

$1,546,000 + $136,000

$1,682,000

2023

$15,409 (+12.5%)

$1,524,000 + $161,000

$1,685,000

2022

$13,702 (+4.8%)

$1,361,000 + $461,000

$1,822,000

2021

$13,076 (−2.8%)

$1,189,000 + $297,000

$1,486,000

2020

$13,455 (+21.3%)

$991,000 + $355,000

$1,346,000

2019

$11,089 (−2.4%)

$527,000 + $755,000

$1,282,000

2018

$11,360 (+16.1%)

$527,000 + $755,000

$1,282,000

2017

$9,787 (+5.8%)

$469,000 + $673,000

$1,142,000

2016

$9,254 (+12.7%)

$421,000 + $594,000

$1,015,000

2015

$8,213 (+2.9%)

$390,000 + $547,000

$937,000

2014

$7,983 (−4.0%)

$353,000 + $497,000

$850,000

2013

$8,320 (+3.5%)

$311,000 + $436,000

$747,000

2012

$8,038 (+6.9%)

$413,000 + $353,000

$766,000

2011

$7,518 (+7.0%)

$413,000 + $342,000

$755,000

2010

$7,025 (−5.8%)

$413,000 + $342,000

$755,000

2009

$7,457

$487,000 + $424,000

$911,000

Tax history for 323 N 48th St

Year

Property tax

Land + Additions

Assessment*

2026

$22,434 (+38.7%)

$1,017,000 + $1,168,000

$2,185,000

2025

$16,178 (+1.7%)

$1,017,000 + $1,168,000

$2,185,000

2024

$15,908 (+3.2%)

$1,546,000 + $136,000

$1,682,000

2023

$15,409 (+12.5%)

$1,524,000 + $161,000

$1,685,000

2022

$13,702 (+4.8%)

$1,361,000 + $461,000

$1,822,000

2021

$13,076 (−2.8%)

$1,189,000 + $297,000

$1,486,000

2020

$13,455 (+21.3%)

$991,000 + $355,000

$1,346,000

2019

$11,089 (−2.4%)

$527,000 + $755,000

$1,282,000

2018

$11,360 (+16.1%)

$527,000 + $755,000

$1,282,000

2017

$9,787 (+5.8%)

$469,000 + $673,000

$1,142,000

2016

$9,254 (+12.7%)

$421,000 + $594,000

$1,015,000

2015

$8,213 (+2.9%)

$390,000 + $547,000

$937,000

2014

$7,983 (−4.0%)

$353,000 + $497,000

$850,000

2013

$8,320 (+3.5%)

$311,000 + $436,000

$747,000

2012

$8,038 (+6.9%)

$413,000 + $353,000

$766,000

2011

$7,518 (+7.0%)

$413,000 + $342,000

$755,000

2010

$7,025 (−5.8%)

$413,000 + $342,000

$755,000

2009

$7,457

$487,000 + $424,000

$911,000

*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

5,000 Sq. Ft.

Year renovated

—

Sq. Ft.

4,540

Year built

1993

Style

Multi-Family (2-4 Unit)

County

King County

APN

952210 0285

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 4, 2026.

Jul 9, 2018 • Final

Construction

Repair fire damage to an existing triplex building. All work is subject to a field inspection.

Remodel

May 11, 2018 • Final

Electrical permit: over the counter

Rewire the upstairs area of a building due to fire damage.

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: 4

Interior

Heating & Cooling
Has Heating

Interior Features
Interior Features: Wall to Wall Carpet
Flooring: Slate, Vinyl, Carpet

Multi-Family Financial Information
Fuel Expense: $1,500
Electric Expense: $1,500
Insurance Expense: $1,620
Other Expense: $3,000
Net Operating Income: $59,587
Gross Adjusted Income: 78360
Gross Scheduled Income: $78,360
Total Monthly Income: 0
Gross Rent Multiplier: 21
Total Expenses: 18773

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 3
Vacancy Rate: 5
# of Units (Total): 3
Furnished: Unfurnished

Exterior

Building Information
Construction Methods: Steel & Concrete
Roof: Composition

Exterior Features
Exterior Features: Cement/Concrete, Metal/Vinyl, Stucco

Property Information
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good
Has View
Accessibility Features: Other

Land Information
Possible Use: Multi-Family

Lot Information
MLS Lot Size Source: Realist
Site Features: Cable TV,Deck,Disabled Access,Fenced-Partially,Gas Available,Patio
Lot Features: Alley, Curbs, Paved, Sidewalk
Lot Size Units: Square Feet
Lot Size Acres: 0.1148
Lot Size Dimensions: 5000
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $8,213
Tax Year: 2015

Financial Information
Listing Terms: Conventional
Buyer Financing: Cash

Utilities

Utility Information
Water Source: See Remarks
Water Company: City of Seattle
Power Company: PSE
Sewer: Sewer Connected
Sewer Company: City of Seattle
Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Water Sewer Garbage: 2940

Location

HOA Information
Association Fee Frequency: Annually

School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Buyer To Verify
High School: Buyer To Verify
High School District: Seattle

Location Information
Directions: Head West on N 50th, Turn on Phinney Ave N. West on 48th property is on the left

Community Information
Amenities: See Remarks

Public facts

Beds: 6
Baths: 6.0
Sq. Ft.: 4,540
Stories: 3.0
Lot Size: 5,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1993
Year Renovated: —
County: King County
APN: 952210 0285

Home facts updated by county records on Sep 4, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Thursday, May 5, 2016

Green Information
Power Production Type: Electric, Natural Gas

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 4540
Building Area Total: 4540
Building Area Units: Square Feet
Foundation Details: Block
Structure Type: Triplex
Stories Total: 4

Around this home

Schools

West Woodland Elementary School

Public K-5 • Assigned • 0.6mi

9/10

Hamilton International Middle School

Public 6-8 • Assigned • 0.9mi

8/10

Ballard High School

Public 9-12 • Assigned • 1.3mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Seattle is known for its iconic waterfront, vibrant neighborhoods, and amazing dining! I love Pike Place Market, Discovery Park, and Ballard's shops and restaurants. From Queen Anne's historic homes to Capitol Hill's modern condos, each neighborhood...
5 days ago • Seattle
Shauna Rumel
Redfin agent
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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 • 98109

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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