Marcus & Millichap is pleased to exclusively present the 14th Ave S Apartments for sale, a 20-unit property strategically located at the west corner of 14th Ave S and S Columbian Way in South Seattle. Built in 1970, this four-story, wood-framed building showcases durable T-11 siding, a flat torch-down roof, and energy-efficient double-pane vinyl windows. The electrical system features copper wiring, with 7 units benefiting from upgraded Cutler-Hammer panels, while others retain the original Zinsco panels. The plumbing system consists of galvanized steel. The property offers a well-balanced unit mix, including 10 one-bedroom, one-bath units averaging approximately 650 square feet, and 10 two-bedroom, one-bath units averaging around 720 square feet. Each unit is equipped with essential appliances such as stoves, refrigerators, dishwashers, as well as vinyl plank and carpet flooring, electric cadet heaters, and private patios or balconies. Each unit also features individual hot water tanks, of which 13 have been replaced in the last 5 years. In the last several years 9 of the 20 units have undergone light renovations. The level of renovations varies, but the most updated units boast modern upgrades like stainless steel appliances, granite countertops, new cabinetry, and updated bathroom vanities. Residents enjoy the convenience of onsite laundry facilities located on three of the four floors, along with two separate parking areas—situated on both the west and east sides of the building—providing a total of 16 parking stalls. This well-maintained property offers a blend of comfort and value in a desirable South Seattle location. The 14th Ave S Apartments offer a compelling opportunity for investors seeking a value-add asset. While the current ownership has successfully maintained the property and completed light to mid-level renovations on approximately 9 of the 20 units, significant upside remains. Continued interior renovations will enable a buyer to increase rents by an estimated average of $189 per unit, potentially recapturing over $45,000 in lost lease income. Additionally, there are operational enhancements to explore. Current ownership just started to implement charging for parking in May and only have a few tenants currently paying. Given parking is a premium in the area, it is anticipated that more tenants will choose to pay for parking as the system continues to be implemented. In February, current ownership switched their utility bill backs from a flat rate to a true RUBS program, which has significantly increased that income. Currently they are only recapturing 50% of the total utility expense, as there were 2 vacant units and an onsite manager who were not being billed back from implementation. A new owner will benefit from the upside to increase that percentage to 85% recapture, which is more in line with a standard RUBS program. Along with the enhancements above, there is an opportunity to streamline operating costs to align with industry standards and further improve performance. Collectively, these strategies could boost the property’s Net Operating Income by approximately 32%, significantly enhancing cash flow and increasing equity for the investor.