3402 15th Ave W - Apartments FOR SALE


Seattle, WA 98119- Queen Anne
$3,000,000 USD
425-699-1571
3402 15th Ave W, Seattle, WA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/16
null | 5.96% Cap Rate

3402 15th Ave W
Seattle, WA 98119
Queen Anne


HIGHLIGHTS

  • Bertona Steps comprises eight luxurious condominium-style apartments, including four loft apartments.
  • Constructed in 2018, Bertona Steps offers a coveted location and modern units with designer finishes.
  • On the western side of Queen Anne, this location provides easy access to Seattle's lifestyle amenities and employment opportunities.
  • Close to excellent transportation options, with Metro bus service, a future Sound Transit light rail station, bike paths, and major roadways.

OVERVIEW

Experience modern and simplistic living in the heart of Seattle at Bertona Steps, located in the highly desirable Queen Anne neighborhood. Completed in 2018, this modern eight-unit 7,275-square-foot property offers immediate income potential with full occupancy and minimal maintenance requirements, making it an ideal turnkey investment. Strategically positioned on the western slope of Queen Anne, Bertona Steps provides seamless access to downtown Seattle, Ballard, Magnolia, and Interbay via Highway 99 and the Ballard Bridge. Bertona Steps is in a peaceful and serene part of the city, surrounded by trees, yet close to all the action. Surrounded by a vibrant mix of retail, dining, and recreational amenities, including Interbay Golf Course, Discovery Park, and Elliott Bay Trail. Minutes away from planned transit developments such as the Ballard Link Extension, enhancing long-term connectivity and value. Bertona Steps features eight condominium-style residences, including four spacious loft units ranging from 771 to 808 square feet, and four two-bedroom, one-bath units at 1,020 square feet each. Every unit showcases high-end finishes such as oversized windows, plank flooring, quartz countertops, stainless steel appliances, in-unit Whirlpool washer/dryers, and air conditioning. These thoughtfully designed homes offer both style and functionality, appealing to discerning renters seeking upscale living in a central location. Bertona Steps benefits from its exemption from Seattle’s latest rental regulation programs, offering investors greater flexibility and reduced operational risk. With a surrounding population of over 1 million people and an average household income of $157,000, the area continues to experience strong demand and consistent rent growth. The Queen Anne submarket has outpaced the metro average, with a 2.4% increase in asking rents compared to 1.3% citywide. This is a rare opportunity to acquire a stabilized, modern multifamily asset in one of Seattle’s most sought-after neighborhoods. Bertona Steps combines luxury living, strategic location, and long-term growth potential, making it a premier investment in the Seattle multifamily market.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

8

PRICE/UNIT

$375,000

CAP RATE

5.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bertona Steps

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2018

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,661 SF

ZONING

NC3-55 (M)

APN/PARCEL ID

277060-3480

ASK ABOUT THIS PROPERTY

Troy GesselLee & Associates Commercial Real Estate Services PNWMore Info
425-699-1571

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Troy GesselLee & Associates Commercial Real Estate Services PNWMore Info
425-699-1571

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