4724 31st Ave S - Apartments FOR SALE


Seattle, WA 98108- Columbia City
$1,950,000 USD
207-712-7056
4724 31st Ave S, Seattle, WA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/28
null | 6.23% Cap Rate

4724 31st Ave S
Seattle, WA 98108
Columbia City


HIGHLIGHTS

  • Direct Access to Columbia City Light Rail Station: Offers convenient access to Seattle, UW, and SeaTac International Airport.
  • Rare Unit Amenities: Units feature patios, air-conditioning, dishwashers, in-unit laundry, storage options, and full-size appliances.
  • Strong Tenant Base: Average household income in Columbia City is $136,649/year per year.

OVERVIEW

Taghus (train house in Danish) Apartments, built in 2020 and offered to the market for the first time, provides the rare opportunity to acquire a nearly new multifamily asset in Seattle’s historic and rapidly evolving Columbia City neighborhood. Thoughtfully designed by an architect–homebuilder duo, the property features efficient floorplans, durable modern finishes, and low maintenance systems ideal for long-term ownership. The building comprises six studio units averaging 291 SF and three one-bedroom units averaging 492 SF — premium compact layouts highly sought after by young professionals. Units are equipped with air conditioning, dishwashers, in-unit laundry, and private balconies; Unit 9 further boasts a private rooftop deck. Located directly across the street from the Columbia City Light Rail Station, Taghus offers unmatched accessibility, with seamless connectivity to both Seattle’s major employment cores and the Kent Valley — the nation’s third-largest warehouse and logistics hub. Columbia City itself is one of Seattle’s most dynamic neighborhoods, characterized by a $136,649 average household income, steady investment and rent growth, walkable historic character, and an energetic mix of local dining, retail, and community amenities that continue to attract upwardly mobile renters.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$605 USD /SF

# OF UNITS

9

PRICE/UNIT

$216,667

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taghus

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,006 SF

ZONING

LR3 (M1)

APN/PARCEL ID

541410-0121

ASK ABOUT THIS PROPERTY

RJ SarkaMarcus & MillichapMore Info
207-712-7056

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RJ SarkaMarcus & MillichapMore Info
207-712-7056

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