Description
With $100K price reduction and rent increases of $250 (Oct/Nov 2025) and $205 (Jan 2026), projected Cap Rate is 5.31%. Prime investment in a top Seattle neighborhood near dining, shopping, and transit. Property offers spacious units averaging 900 SF: one 3-bdrm, three 2-bdrm, and one 1-bdrm. Recent upgrades include new roof (Oct 2024), exterior sealant (Jul 2024), and deck replacements (May 2025). No charges for parking/utilitiesimmediate revenue upside. Value-add potential with carport conversion or adding a 6th unit (buyer to verify). Common laundry plus private W/D in 3-bdrm. Light renovations could raise rents by almost 20%.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
Listing information ©2025 Northwest MLS. Listing courtesy of Lee & Associates Commercial RE.
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Description
With $100K price reduction and rent increases of $250 (Oct/Nov 2025) and $205 (Jan 2026), projected Cap Rate is 5.31%. Prime investment in a top Seattle neighborhood near dining, shopping, and transit. Property offers spacious units averaging 900 SF: one 3-bdrm, three 2-bdrm, and one 1-bdrm. Recent upgrades include new roof (Oct 2024), exterior sealant (Jul 2024), and deck replacements (May 2025). No charges for parking/utilitiesimmediate revenue upside. Value-add potential with carport conversion or adding a 6th unit (buyer to verify). Common laundry plus private W/D in 3-bdrm. Light renovations could raise rents by almost 20%.
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