2414 13th Ave S - Apartments FOR SALE


Seattle, WA 98144- North Beacon Hill
$4,900,000 USD
206-735-7888
2414 13th Ave S, Seattle, WA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/17
null | 6.11% Cap Rate

2414 13th Ave S
Seattle, WA 98144
North Beacon Hill


OVERVIEW

Urban Commercial Partners is pleased to present Beacon View Apartments, a 17-unit mid-rise apartment building located on 13th Avenue South in Seattle’s Beacon Hill neighborhood. Constructed in 1968 and extensively renovated in 2017, the property offers a large and efficient layout with a mix of studio, one-, and two-bedroom units across 22,400 SF of building area. The property sits on a 0.14-acre lot with 17 parking spaces and LR3 zoning, providing strong long-term redevelopment potential. With 100% occupancy, current rents averaging $1,978 per unit remain below the market average of $2,094, creating an attractive opportunity for near-term rental growth. Located in North Beacon Hill, Beacon View offers residents excellent access to Downtown Seattle, South Lake Union, and the University District, with light rail and I-5 minutes away.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

17

PRICE/UNIT

$288,235

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beacon View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

LR3

APN/PARCEL ID

912200-0230,912200-0235

ASK ABOUT THIS PROPERTY

Jason ElrodUrban Commercial Partners, LLCMore Info
206-735-7888

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Jason ElrodUrban Commercial Partners, LLCMore Info
206-735-7888

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