4218 Pasadena Pl NE - Apartments FOR SALE


Seattle, WA 98105- University District
$3,200,000 USD
206-491-2008
4218 Pasadena Pl NE, Seattle, WA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/18
null | 6.25% Cap Rate

4218 Pasadena Pl NE
Seattle, WA 98105
University District


HIGHLIGHTS

  • Rare Unit Mix Near UW
  • Renovation Upside
  • Stable In-Place Operations
  • Strong Accessibility
  • Compelling Rental Fundamentals

OVERVIEW

Pasadena Place is a rare eight-unit multifamily opportunity located just minutes from the University of Washington, consisting of five townhomes and one triplex across three buildings. The property offers a desirable mix of spacious 2-, 3-, and 4-bedroom units averaging approximately 1,000 square feet, creating broad rental appeal in a high-demand neighborhood. All units in the triplex and one townhome have been recently renovated, while the remaining townhomes present a clear value-add opportunity through interior upgrades. Pasadena Place offers investors both stable in-place cash flow and future rental upside.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pasadena Place

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

MR (M1)

APN/PARCEL ID

420740-0551

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

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