116 Warren Ave N - Apartments FOR SALE


Seattle, WA 98109- Uptown
$11,400,000 USD
206-442-2764
116 Warren Ave N, Seattle, WA for Sale
$11,400,000 USD
Apartments - FOR SALE
1/7
null | 4% Cap Rate

116 Warren Ave N
Seattle, WA 98109
Uptown


HIGHLIGHTS

  • Secured Access Entry
  • Modern Construction & Systems
  • Value-Add Potential
  • In Unit Gas Fireplaces

OVERVIEW

Desirable 18-Unit Mixed-Use Asset in Seattle's Highly Coveted Queen Anne Neighborhood. CBRE proudly presents Centre Court Apartments, an exceptional investment property in Seattle’s highly coveted Queen Anne neighborhood. Constructed in 2002, this mixed-use condominium building offers 4,335 square feet of ground-floor office space with a two story layout, soaring 17-foot ceilings, and a private parking garage for six vehicles, an invaluable amenity in this urban setting. Above the office suite, the residential component features 18 spacious two- and three-bedroom units, each exceeding 1,000 square feet. There is a second, resident only, parking garage for 22 vehicles. Residents enjoy access to a rooftop deck with sweeping views of Downtown Seattle and Puget Sound, adding to the property’s appeal and premium positioning. These oversized layouts are a rarity in Seattle’s multifamily market, driving strong tenant demand and premium rental potential. Located at 116 Warren Ave N, Centre Court benefits from Queen Anne’s vibrant community, walkable amenities like Climate Pledge Arena, and proximity to Downtown Seattle and South Lake Union’s employment centers. With opportunities for rental income growth, condo resale optionality, and long-term appreciation in one of Seattle’s most desirable neighborhoods, Centre Court Apartments represents a truly compelling investment offering.

FOR SALE DETAILS

PRICE

$11,400,000 USD

PRICE/SF

$482 USD /SF

# OF UNITS

18

PRICE/UNIT

$633,333

CAP RATE

4%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centre Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2002

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,905 SF

ZONING

SM-UP 85 (M)

APN/PARCEL ID

149900-0010

ASK ABOUT THIS PROPERTY

206-442-2764

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206-442-2764

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