10625 22nd Pl S - Apartments FOR SALE


$3,995,000 USD
425-623-5616
10625 22nd Pl S, Seattle, WA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/22
null | 3.12% Cap Rate


HIGHLIGHTS

  • Opportunity To Add Utility Bill Back
  • Ample Parking Available
  • Decks/Patios For Each Unit
  • Stable In-Place Rents
  • Offering One Bedroom & Two Bedroom Unit Floor Plans
  • Strong Renter Demographic With Excellent Retention

OVERVIEW

Positioned in a well-connected South Seattle neighborhood, the 18-unit multifamily asset at 10625 22nd Pl S (Mountain View Apartments) offers investors a compelling opportunity to acquire a stabilized property with strong in-place income and long-term upside. Located within Seattle, one of the nation’s most resilient rental markets, the asset bene?ts from sustained population growth, a diversi?ed employment base, and high barriers to new supply. The property features an ef?cient unit mix tailored to workforce housing demand, appealing to a broad tenant base seeking attainable rents within close proximity to major employment hubs, transit corridors, and retail amenities. Its strategic location provides convenient access to downtown Seattle, Sea-Tac Airport, and key arterials including I-5 and SR-99, enhancing renter appeal and supporting consistent occupancy levels.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

18

PRICE/UNIT

$221,944

CAP RATE

3.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain View Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,648 SF

ZONING

R6

APN/PARCEL ID

042304-9034

ASK ABOUT THIS PROPERTY

Ryan DiniusWestlake Associates, Inc.More Info
425-623-5616

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Ryan DiniusWestlake Associates, Inc.More Info
425-623-5616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.