1746 S Hanford St - Multi-Family FOR SALE


Seattle, WA 98144- North Beacon Hill
$2,000,000 USD
425-444-6501
1746 S Hanford St, Seattle, WA for Sale
$2,000,000 USD
Multi-Family - FOR SALE
1/28
null | 4.2% Cap Rate

1746 S Hanford St
Seattle, WA 98144
North Beacon Hill


HIGHLIGHTS

  • Charming 9-unit brick veneer building with old-world charm: coved ceilings, glass door knobs, picture rails, and oak floors
  • Transit-oriented development, located within half a mile of Beacon Hill Light Rail Station, and just steps from neighborhood restaurants and grocery
  • Excellent Beacon Hill location with Walk Score of 79 (very walkable) and Bike Score of 85 (very bikeable)
  • Walking distance to Jefferson Park: 6thlargest park in the city with unparalleled views, walking trails, children’s playground, tennis courts, golf
  • Off-street garage parking available
  • Near-term townhome or apartment development land bank

OVERVIEW

Hanford Court Apartments, a 9-unit apartment community located in Seattle’s Beacon Hill Neighborhood, features Tudor Revival style architecture and sits on a prominent corner lot at the crossroads of Beacon Avenue and South Hanford Street. Floor plans at Hanford Court are classically designed, averaging ±722 square feet across a mix of eight one-bedroom units and one studio. Located in the heart of Seattle’s Beacon Hill neighborhood, Hanford Court provides residents with an urban-paced lifestyle in a transit-oriented location. Residents enjoy convenient access to the Link Light Rail with direct access to the city’s top employers in the CBD and South Lake Union, with the Beacon Hill Station located just half a mile north of Hanford Court. Beacon Hill residents find themselves surrounded by an abundance of award-winning dining, breweries, nightlife, and community parks while still having the benefit of frequent transit and direct access to major employers. Residents also enjoy close proximity to multiple grocers including Red Apple, QFC, Amazon Fresh, and PCC which are all located within a 10-minute drive of the community. Beyond local retail and dining, residents at Hanford Court also enjoy the benefit of living just three blocks north of Jefferson Park, home to a 137-acre public park and 18-hole public golf course. Hanford Court also provides investors with the unique opportunity to potentially redevelop the property in the future while receiving the benefits of a stable, income-producing asset today. The buildings sit on a ±13,267 square foot corner lot zoned NC1P-55 which has a maximum building height of 55’ and Floor Area Ratio of 3.75. A recent yield study from a local architect suggests multiple redevelopment options including a 61-unit apartment building or 16-unit townhome-style condominium development.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

9

PRICE/UNIT

$222,222

CAP RATE

4.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hanford Court Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,267 SF

ZONING

NC1P-55 (M)

APN/PARCEL ID

059700-0605

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

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