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32320422
32320423

2258 14TH AVE W, SEATTLE, WA 98119 For Sale

RJ
WA 87080
Westlake Associates, Inc.
AL
WA 21016457
Westlake Associates, Inc.
Listed by Westlake Associates, Inc.
$1,050,000
73 days on market
Updated 23 days ago

2258 14TH AVE W SEATTLE WA 98119

Details
APN 277160-1405
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,800
Net Rentable (SqFt) 2,800
Units 4
Cap Rate 4.79%
NOI $50,318
Pro-Forma Cap Rate 5.29%
Pro-Forma NOI $55,546
Price per SqFt $375
Year Built 1910
Buildings 1
Stories 2
Lot Size (SqFt) 4,013
Zoning LR3(M)

W Queen Anne Fourplex For Sale

Marketing description

It’s the first time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket.

Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand.

Priced at $262,500 per unit — bring your buyers.

Investment highlights

• Approximately 2,800 net rentable square feet

• Four one-bedroom, one-bathroom units

• First time on the market in 33 years

• 4,013 SF lot zoned LR3 (M)

• Long-term redevelopment optionality under LR3 (M)

• Hardwood and LVP flooring in two units

• Dishwashers in every unit

• In-unit washer and dryer in Unit 4

• Shared washer and dryer in the basement

• Private balcony for the upper unit

• Fenced backyard with shared outdoor space

• Off-street parking on site

• Additional tenant storage units available

Listing Contacts

RJ
WA 87080
Westlake Associates, Inc.
AL
WA 21016457
Westlake Associates, Inc.
Listed by Westlake Associates, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,318.00
$4,193.17/mo

Valuation Metrics

0
DSCR
4.79%
Cap Rate
4.79%
ROI

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Additional Information

Name
Reid Jones
License
87080
Brokerage
Westlake Associates
Brokerage Phone
2062509655
Title
Broker
Brokerage Address
1200 Westlake Avenue North
Name
AJ Lachini
License
21016457
Brokerage Phone
2064289901
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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