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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23404580
21965641

213 1st Ave S, Seattle, WA 98104

Compass
Listed by Compass
$4,900,000
469 days on market
Updated 78 days ago
Opportunity zone

213 1st Ave S

Details
Property Type Mixed Use
Sub Type Multifamily, Retail
Square Footage 16,974
Units 15
Cap Rate 6.62%
NOI $324,264
Occupancy 100%
Lease Type NNN
Lease Expiration 05/31/2028
Rent Bumps Yes
Price per SqFt $289
Year Built 1900
Stories 4
Lot Size (SqFt) 3,330
Zoning PSM100

Mixed Use | 6.62% CAP | 16,974 SqFt

Marketing description

Invest in a piece of Seattle’s storied past with this turnkey mixed-use property in Pioneer Square. Dating back to 1900, this meticulously maintained 4 story building artfully blends historic character with modern enhancements, promising both dependable returns and future growth.

The residential section offers 13 tastefully designed units, including 4 upscale penthouses with rooftop decks, 4 spacious lofts, 4 efficient micro lofts, and 1 expansive studio. Units feature open layouts, contemporary finishes, and rich hardwood flooring, with added conveniences like on-site laundry and an elevator servicing all 4 floors.

On the ground level, two retail spaces are fully leased, ensuring steady cash flow. Set on bustling 1st Street with street parking and a Walk Score of 96, this asset stands as a dynamic investment opportunity in the heart of Pioneer Square.

Listing Contacts

Compass
Listed by Compass

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$324,264.00
$27,022.00/mo

Valuation Metrics

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DSCR
6.62%
Cap Rate
6.62%
ROI

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