2123 E James St - Apartments FOR SALE


Seattle, WA 98122- Minor
$2,250,000 USD
206-852-6206
2123 E James St, Seattle, WA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/19
null | 5.73% Cap Rate

2123 E James St
Seattle, WA 98122
Minor


HIGHLIGHTS

  • Recently renovated 5-unit property in Seattle’s Central District
  • Spacious units averaging 960 square feet, larger than typical urban apartments
  • Modern upgrades include hardwood floors, stainless steel appliances, and refreshed kitchens/baths
  • Prime location minutes from Downtown Seattle, Capitol Hill, and major employment

OVERVIEW

CBRE is pleased to present The Caroline Apartments, a recently renovated 5-unit multifamily property located in the vibrant Central District of Seattle. Situated at 2123 E James Street, this property offers investors a rare opportunity to acquire a well-positioned asset in one of Seattle’s most historic and rapidly evolving neighborhoods. The property features a mix of one and two bedroom apartments, averaging an impressive 960 square feet per unit, providing residents with spacious layouts uncommon in the urban core. Recent renovations include hardwood floors, stainless steel appliances, and refreshed kitchens and bathrooms, delivering a modern living experience that appeals to today’s renters. Each unit also benefits from abundant natural light and thoughtful design upgrades. Caroline Apartments offers investors stable in-place income with upside potential in a high demand rental market. Located just minutes from Downtown Seattle, Capitol Hill, and major employment hubs, the property enjoys exceptional walkability and transit access. The Central District continues to experience strong rental demand driven by its proximity to tech employers, cultural amenities, and neighborhood retail. This property’s manageable scale, turnkey condition, and prime location make it an ideal investment for those seeking consistent cash flow and long-term appreciation in a core Seattle submarket.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$660 USD /SF

# OF UNITS

5

PRICE/UNIT

$450,000

CAP RATE

5.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Caroline

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,322 SF

ZONING

LR2

APN/PARCEL ID

912610-1030,912610-1035,912610-1040

ASK ABOUT THIS PROPERTY

Peter WrightCBREMore Info
206-852-6206

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Peter WrightCBREMore Info
206-852-6206

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