3232 15th Ave W - Apartments FOR SALE


Seattle, WA 98119- Queen Anne
$4,300,000 USD
509-850-7651
3232 15th Ave W, Seattle, WA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/26
null | 5.18% Cap Rate

3232 15th Ave W
Seattle, WA 98119
Queen Anne


HIGHLIGHTS

  • Diverse Unit Mix Including Townhome Units with Private Rooftop Decks
  • Premium Interior Finishes Including Granite Countertops and Stainless-Steel Appliances
  • Two Levels of Secured Garage Parking with 15 Parking Spaces
  • 12 On-Site Tenant Storage Units
  • Convenient Access to South Lake Union, Downtown Seattle, Ballard, and Interbay

OVERVIEW

Marcus & Millichap is pleased to present Eastbay Apartments, a boutique mixed-use investment opportunity located at 3232 15th Avenue West in Seattle’s desirable West Queen Anne neighborhood. Built in 2011, the Property consists of 12 multifamily units and two ground ?oor commercial spaces, offering investors diversi?ed income within one of Seattle's most sought after urban sub markets. The Property features a well-balanced unit mix including one studio unit, four one-bedroom units, three two-bedroom/one-bath units, two two-bedroom/two-bath units, and two top-?oor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. The units feature spacious layouts and premium interior ?nishes, including in-unit washer/dryers, granite countertops, stainless-steel appliances, and modern cabinetry designed to appeal to Seattle’s professional renter demographic. Eastbay Apartments bene?ts from its strategic location in West Queen Anne with convenient access to Seattle’s major employment centers including South Lake Union, Downtown Seattle, Ballard, and Interbay. The surrounding neighborhood provides residents with proximity to Magnolia’s parks, waterfront amenities, restaurants, and neighborhood retail destinations, creating a strong live-work-play environment that continues to attract young professionals and families. The Property also includes two levels of secured garage parking with 15 spaces and 12 on-site storage units, enhancing tenant convenience and supporting long-term occupancy stability. The combination of newer construction, mixed-use income diversi?cation, spacious unit layouts, and irreplaceable Seattle location positions Eastbay Apartments as a compelling opportunity for investors seeking stable cash ?ow and long-term appreciation within a supply-constrained multifamily market.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

14

PRICE/UNIT

$307,143

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastbay Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2011

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

NC340

APN/PARCEL ID

277060-3575

ASK ABOUT THIS PROPERTY

Jake MorseMarcus & MillichapMore Info
509-850-7651

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Jake MorseMarcus & MillichapMore Info
509-850-7651

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