Listing Courtesy of:

Northwest MLS / Windermere Real Estate/Mercer Island / Doug McKiernan and John L. Scott, Inc.

7420 SE 27th Street Mercer Island, WA 98040

Sold (45 Days)

$885,000

2,620

SQFT

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Description

Opportunity knocks, bring your builders. This is your rare chance to own a property zoned MF2 which allows for multi-family and/or an office building, up to 38 units /acre. Close in location to the central business district. Currently used as a legal duplex. Upper unit is 3 bedroom/1 bath and lower unit is 2 bedroom/1 bath. Shared laundry room on the lower level. Separate power meters. Good potential rental income while you are planning for a better use. Value is in the land.

MLS #:
26153849

Taxes
$3,806(2006)

Lot Size
8,880 SQFT

Type
Multifamily

Building Name
McGilvra's Addition

Year Built
1955

Style
Duplex

Views
Territorial, Partial, Mountain(s), City

School District
Mercer Island

Community
Mercer Island

Listed By

Doug McKiernan, Windermere Real Estate/Mercer Island

Source
Northwest MLS as distributed by MLS Grid
Last checked Jan 8 2025 at 7:18 PM PST

Bathroom Details

Interior Features

Wall to Wall Carpet
Forced Air

Subdivision

Mercer Island

Lot Information

Value In Land
Paved

Property Features

Patio
Gas Available
Fenced-Partially
Cable Tv
Foundation: Poured Concrete

Flooring

Carpet

Exterior Features

Wood
Brick
Roof: Composition

Utility Information

Utilities: Natural Gas Connected, Electric, Sewer Connected, Natural Gas Available, Cable Connected
Sewer: Sewer Connected
Fuel: Natural Gas, Electric

School Information

Elementary School: West Mercer Elem
Middle School: Islander Mid
High School: Mercer Isl High

Additional Listing Info

Buyer Brokerage Compensation: 3.0%

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: Based on information submitted to the MLS GRID as of 1/8/25 11:18. 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.