2258 14th Ave W - Apartments FOR SALE


Seattle, WA 98119- Queen Anne
$975,000 USD
206-250-9655
2258 14th Ave W, Seattle, WA for Sale
$975,000 USD
Apartments - FOR SALE
1/18
null | 5.16% Cap Rate

2258 14th Ave W
Seattle, WA 98119
Queen Anne


HIGHLIGHTS

  • First time on the market in over 30 years
  • Fenced backyard with shared outdoor space
  • Additional tenant storage units available
  • Dishwashers in every unit

OVERVIEW

It’s the first time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket. Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand. Priced at $243,750 per unit — bring your buyers.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

5.16%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

W Queen Anne Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,013 SF

ZONING

LR3(M), Seattle

APN/PARCEL ID

277160-1405

ASK ABOUT THIS PROPERTY

Reid JonesWestlake Associates, Inc.More Info
206-250-9655

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Reid JonesWestlake Associates, Inc.More Info
206-250-9655

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