12672 60th Ave S - Apartments FOR SALE


Seattle, WA 98178- Bryn Mawr-Skyway
$4,995,000 USD
206-333-2724
12672 60th Ave S, Seattle, WA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/22
null | 4.93% Cap Rate

12672 60th Ave S
Seattle, WA 98178
Bryn Mawr-Skyway


HIGHLIGHTS

  • 11 spacious cottage-style homes located in Seattle, WA
  • Positioned on individual parcels, allowing for separate resale of each home
  • Offered at $454,000 per home, representing a 28% discount to comparable individual sales
  • Mix of 2- and 3-bedroom homes averaging 1,314 square feet
  • Beautifully designed interiors with abundant natural light, open-concept layouts, and vaulted ceilings
  • Located just 9 miles from downtown Seattle and 3 miles from Renton

OVERVIEW

Northmarq is pleased to present Rainier View Homes, an 11-home multifamily community located at 6002 S 127th Ln, Seattle, WA. Built in 2018, this unique investment opportunity features a collection of well-maintained two- and three-bedroom cottages, and averaging 1,314 square feet. Each home offers high-quality finishes including engineered wood flooring, modern kitchens with quartz countertops and stainless-steel appliances, washer and dryer, air conditioning, ample storage, tall vaulted ceilings, large windows for abundant natural light, and spacious patios—ideal for today’s renters or future homeowners. Positioned on individual parcels, each home can be sold separately, providing investors with exit flexibility and condo resale potential. Similar homes in the area have sold individually for approximately $625,000 or $425 per square foot, presenting a clear value gap and upside. Rainier View Homes is offered at $4,995,000, or $454,000 per home and $346 per square foot, making this an attractive opportunity for investors seeking a modern, low-maintenance asset with built-in future disposition optionality.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

11

PRICE/UNIT

$454,091

CAP RATE

4.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainier View Homes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,033 SF

ZONING

R6P

APN/PARCEL ID

714030-0070

ASK ABOUT THIS PROPERTY

Tyler SmithNorthmarqMore Info
206-333-2724

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Tyler SmithNorthmarqMore Info
206-333-2724

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