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$1,050,000

  • Sold
  • Closed
  • Multi-Family

Listed by Greg Stock | Keller Williams Rty Tacoma | (253) 460-8640
Sold by Tracy Zelenka | Specialty Real Estate Group

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Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.

Full Property Details for 7070 E Marginal Wy S

General

  • Sold For: $1,050,000
  • Taxes: $35,022 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2362738
  • Added to Site: 268 day(s) ago

Interior

  • Flooring: See Remarks

Additional Information

  • Amenities: Fenced-Partially
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 22

Location

  • Area: 385 - SODO/Beacon Hill
  • County: King
  • Subdivision: Georgetown
  • Driving Directions: Take exit 161 for Albro Place toward Swift AveFollow S Albro Pl Slight left onto Ellis Ave STurn right onto S Myrtle St Destination will be on the right

School Information

  • High School District: Seattle
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Torch Down
  • Stories in Building: 2
  • Square Feet: 7,890
  • Year Built: 1919
  • Property Condition: Fixer

Unit Information

  • Units in Building: 16

Lot Features

  • Lot Size (Acres): 0.2397
  • Lot Size (Sq. Ft.): 10,443
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot, Paved, Sidewalk
  • Zoning: Commercial

Financial Considerations

  • Tax Amount: $35,022
  • Tax Year: 2024
  • Terms: Cash Out

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 3468800455

Listed by Greg Stock | Keller Williams Rty Tacoma | (253) 460-8640
Sold by Tracy Zelenka | Specialty Real Estate Group

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 7070 E Marginal Wy S

School District:Seattle School District
NameGradesDistance
Maple Elementary School, Seattle, WA
4925 Corson Avenue South, Seattle, WA 98108
K-51.3 mi
Mercer Middle School
1600 South Columbian Way, Seattle, WA 98108
6-81.7 mi
Franklin High School, Seattle, WA
3013 South Mount Baker Boulevard, Seattle, WA 98144
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7070 E Marginal Wy S

Date
Details
Price
Change
Source
8/26/2025
Sold
$1,050,000
-12.5%
MLS
4/23/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Greg Stock | Keller Williams Rty Tacoma | (253) 460-8640
Sold by Tracy Zelenka | Specialty Real Estate Group

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7070 E Marginal Way S, Seattle, WA 98108 (MLS# 2362738) is a Multi-Family property that was sold at $1,050,000 on August 26, 2025. Want to learn more about 7070 E Marginal Way S? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.