1111 18th Ave - Apartments FOR SALE


Seattle, WA 98122- Minor
$2,018,000 USD
206-387-6789
1111 18th Ave, Seattle, WA for Sale
$2,018,000 USD
Apartments - FOR SALE
1/1
null | 4.31% Cap Rate

1111 18th Ave
Seattle, WA 98122
Minor


HIGHLIGHTS

  • 8 distinctive apartments
  • 5,500 SF Federal Avenue style colonial revival found new life
  • Lush front lawn and communal garden shed to the secure mailbox, shared laundry and alley parking, a sense of community and stewardship retain

OVERVIEW

Beyond the English laurel and torii gate, this 5,500 SF Federal Avenue style colonial revival found new life under the meticulous care of its carpenter-owner as Laurel Gate—8 distinctive apartments. Relish 124-yr-old fir floors, balconies, exposed brick fireplaces, fanciful attic lofts and repurposed wood details throughout. Each home reveals a bespoke layout brimming with character to bring in top rent. A seismic retrofit, new plumbing and wiring, added insulation and upgrades at every turn beam with pride of ownership. From the lush front lawn and communal garden shed to the secure mailbox, shared laundry and alley parking, a sense of community and stewardship retains tenants. The 7200 SF lot with LR3 zoning offers development potential.

FOR SALE DETAILS

PRICE

$2,018,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

8

PRICE/UNIT

$252,250

CAP RATE

4.31%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,187 SF

ZONING

L-3, Seattle

APN/PARCEL ID

723460-0910

ASK ABOUT THIS PROPERTY

Edward KrigsmanWindermere Real Estate CoMore Info
206-387-6789

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Edward KrigsmanWindermere Real Estate CoMore Info
206-387-6789

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