2233 NE 46th St, Seattle, WA 98105

Built in 1960, The Bayview consists of 27 well-maintained units featuring a mix of studios, one-bedroom, and two-bedroom apartments. Each unit offers hardwood floors, large windows, and updated appliances. The property includes common laundry facilities, secured tenant storage, and ample on-site parking on the east side of the building.

The adjacent property at 2249 NE 46th Street is also for sale, totaling 47 units, are ideally positioned to meet the high demand for student housing with their proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle.

The combination of the mid-century charm of The Bayview and the contemporary elegance of Bayview West provides a unique blend of housing options, appealing to a broad spectrum of tenants.

• Cap Rate: 5.57% in place

• Assumable Debt: Chase at 3.25% interest-only

This is an exceptional opportunity for investors to acquire a significant number of units in an A+ location within a highly desirable asset class.