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20751620
20751641

2350 Beacon Ave S, Seattle, WA 98144

TB
WA 23000464
Urban Commercial Partners, LLC
Urban Commercial Partners, LLC
Listed by Urban Commercial Partners, LLC
$4,700,000
250 days on market
Updated 56 days ago
Opportunity zone

Westward Apartments

Details
APN 539360-0403
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,900
Units 16
Cap Rate 5.1%
NOI $239,534
Occupancy 100%
Pro-Forma Cap Rate 5.67%
Pro-Forma NOI $266,445
Year Built 1958
Stories 2
Acreage 0.240
Zoning LR3 (M2)
Parking Spaces 6 spaces
Parking Per SqFt 0.61

Multifamily | 16 Units | $293,750/unit

Marketing description

Urban Commercial Partners is pleased to present Westward Apartments, a 16-unit multifamily asset located in Seattle’s Beacon Hill neighborhood. Built in 1958 and fully renovated in 2016, the property offers a mix of one- and two-bedroom units with updated finishes and modernized building systems. The asset totals 9,900 SF across two stories on a 0.24-acre lot zoned LR3 (M2), providing both stable in-place cash flow and long-term redevelopment potential. With 100% occupancy, current in-place rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward’s central Beacon Avenue location offers residents walkable access to transit, neighborhood amenities, and proximity to major employment hubs, including Downtown Seattle, South Lake Union, and the University District.

Investment highlights

Listing Contacts

TB
WA 23000464
Urban Commercial Partners, LLC
Urban Commercial Partners, LLC
Listed by Urban Commercial Partners, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$239,534.00
$19,961.17/mo

Valuation Metrics

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DSCR
5.1%
Cap Rate
5.1%
ROI

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