19433 28th Avenue NE, Lake Forest Park, WA 98155
- $1,350,000
- 3,640
- SqFt
Listing courtesy of eXp Realty. Selling Office: Windermere RE North, Inc..
- Sold Price
- $1,350,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 2547640
- Closing Date
- Aug 19, 2026
- Days on Market
- 2
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,640
- Area Total SqFt
- 3640
- Annual Tax Ammount
- 10834
- Lot Size (sq ft)
- 10,167
- Sewer
- Sewer Connected
Property Description
100% vacant, clean, and move-in ready 4-plex in desirable Lake Forest Park! Exceptional opportunity for an owner-occupant to create a private compound, live in one unit while friends occupy the others, or for an investor completing a 1031 exchange or starting or expanding a multifamily portfolio. All four units feature 2 bedrooms, 1 bath, approximately 910 sq ft, classic brick wood-burning fireplaces, spacious living rooms, separate dining areas, and private decks. Two units have been beautifully remodeled with white shaker cabinets, quartz countertops, stainless steel appliances, and updated baths. The remaining two units are clean, rent-ready, and offer excellent upside through future renovations. Open space behind the building enhances privacy and provides additional outdoor area to customize for enjoyment. Secure entry building, free common area shared laundry room, and 6 off-street parking spaces. Conveniently located near shopping, restaurants, public transit, Third Place Commons which hosts tons of community events, and the renowned Lake Forest Park Farmers Market. Easy and nearby access to I-5, Link Light Rail, and Bothell-Everett Hwy provides convenient commuting to Seattle and the Eastside. Located within the highly rated Shoreline School District. Proforma market rents are reflected in the listing. Buyer to verify all information to their satisfaction.
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Additional Information
- List Date
- 2026-08-17 00:00:00
- Community
- Lake Forest Park
- Net Operating Income
- $80,966
- Gross Adjusted Income
- $94,800
- Gross Scheduled Income
- $94,800
- Total Monthly Income
- $8,500
- Insurance Expenses
- $4,386
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 14.24
- Total Expenses
- $22,420
- Cap Rate
- 6
- Total Number of Units
- 4
- Unit Name
- 19433
- Potential Terms
- Cash, Conventional
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Deck
- Energy Source
- Electric
- School District
- Shoreline
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $8,500
- Gross Scheduled Income
- $94,800
- Gross Adjusted Income
- $94,800
- Tax Year
- 2026
- Insurance Expense
- $4,386
- W/S/G Expenses
- $7,200
- Total Expenses
- $22,420
- Net Operating Income
- $80,966
- Gross Rent Multiplier
- 14.24
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.