1806 16th Avenue

Multi-Family
Pending

1806 16th Ave, SeattleWA 98122

Property Details

Location

Address
1806 16th Ave, SeattleWA 98122
County
King
Submarket
CBA Capitol Hill/First Hill
Parcels
8080400180

Building Size

Building Size
3,325 SF
Rentable Space
3,327 SF

Building Details

Type
 Multi-Family  
 Pending
Number of Buildings
1
Number of Units
5
Occupancy Type
Multi-tenant
Building Class
Building Status
Existing
Floors
3
Year Built
1906
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.11 Acres
Land (SF)
4,966 SF
Zoning
LR3 (M)
Lot Depth
Lot Width

Contacts

Current Listings

Capitol Hill 5 Units Value-add, Amenity Rich Location

$1,498,000
Cap Rate: 3.98%
Lee & Associates Commercial Real Estate Services

We are pleased to present the exclusive listing of this 5-unit apartment building in Capitol Hill. West facing towards Seven Hills Park across the street, the building features good natural light exposure and views from the top floor. Built in 1906, the unit mix consists of three studios, one 1-bedroom and one 2-bedroom. Units have received updates on turnover with most units receiving newer laminate floors and appliances. Additionally, the building received Milgard insulated window replacements in 2017. Off-street parking is available for at least 4 vehicles via alley access. Situated on a residential street, the building is steps from the charming cafes, restaurants and shops of the 15th Avenue retail corridor.

Current rents are well below market and two units will be delivered vacant allowing investors to reset rents or commence updates upon closing. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.

Lee & Associates Commercial Real Estate Services

We are pleased to present the exclusive listing of this 5-unit apartment building in Capitol Hill. West facing towards Seven Hills Park across the street, the building features good natural light exposure and views from the top floor. Built in 1906, the unit mix consists of three studios, one 1-bedroom and one 2-bedroom. Units have received updates on turnover with most units receiving newer laminate floors and appliances. Additionally, the building received Milgard insulated window replacements in 2017. Off-street parking is available for at least 4 vehicles via alley access. Situated on a residential street, the building is steps from the charming cafes, restaurants and shops of the 15th Avenue retail corridor.

Current rents are well below market and two units will be delivered vacant allowing investors to reset rents or commence updates upon closing. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.

View Details
View Details
BROKER

Source: CBA

©2024 Moody's Analytics, Inc. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Moody's Analytics, Inc. does not assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.