224 Bellevue Ave E - Apartments FOR SALE


Seattle, WA 98102- Capitol Hill
$2,200,000 USD
206-852-6206
224 Bellevue Ave E, Seattle, WA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/6
null | 5.5% Cap Rate

224 Bellevue Ave E
Seattle, WA 98102
Capitol Hill


HIGHLIGHTS

  • Prime location in Seattle's hip Capitol Hill neighborhood
  • Low-maintenance, mid-century walk-up style building
  • Well-maintained: Newer roof, windows, electrical panels
  • Value-add opportunity with rental upsides
  • Less than on-half mile to Capitol Hill Station
  • Off-Street parking for six vehicles in front of property

OVERVIEW

CBRE is pleased to present the Val Mar Apartments, a 10-unit multifamily investment opportunity located in the heart of Seattle’s vibrant Capitol Hill neighborhood. Built in 1957, this well-maintained, mid-century walk-up offers investors a rare chance to acquire a low-maintenance asset with significant rental upside. The property features updated systems including a newer roof, windows, and electrical panels, and benefits from off-street parking for six vehicles.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Val Mar Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,915 SF

ZONING

MR

APN/PARCEL ID

292504-9089

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 Policy.