228 21st Ave E - Apartments FOR SALE


Seattle, WA 98112- Stevens
$1,900,000 USD
206-850-6400
228 21st Ave E, Seattle, WA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/10
null | 4.37% Cap Rate

228 21st Ave E
Seattle, WA 98112
Stevens


HIGHLIGHTS

  • Prime Miller Park Location
  • New Construction Completed in 2024
  • Triplex + Detached Accessory Dwelling Unit (DADU)
  • Rooftop Solar Panels
  • Wall-Mounted Mini-Split Heating & Cooling Systems
  • Full Appliance Packages in All Units

OVERVIEW

Offered in the desirable Miller Park neighborhood, this newly constructed four-unit property presents a rare opportunity to acquire a modern, low maintenance asset in one of the city’s most walkable and bike-friendly locations. Completed in 2024, the property consists of a triplex and detached accessory dwelling unit (DADU), providing a versatile investment with strong rental appeal and owner-occupancy potential. Units are well designed with each residence featuring a full appliance package including refrigerator, oven, over-range microwave, dishwasher, and full-size washer and dryer. Wall-mounted mini-split systems provide efficient heating and cooling, while rooftop solar panels enhance energy efficiency and long-term operating performance. All three units within the triplex were newly leased in early 2026. NWMLS #2533245

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$526 USD /SF

# OF UNITS

4

PRICE/UNIT

$475,000

CAP RATE

4.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miller Park 4-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,200 SF

ZONING

LR1 (M1)

APN/PARCEL ID

095500-0265

ASK ABOUT THIS PROPERTY

Matthew WeberWestlake Associates, Inc.More Info
206-850-6400

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Matthew WeberWestlake Associates, Inc.More Info
206-850-6400

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