Outstanding multifamily investment opportunity in North Seattle featuring a desirable mix of one- and two-bedroom residences averaging approximately 600 square feet. The efficient unit layouts appeal to a broad tenant base, providing affordable, functional living for individuals and small households in a highly desirable location. Several major capital improvements have already been completed, reducing near-term ownership costs and enhancing long-term operational stability. Recent upgrades include a roof replacement approximately six years ago and the installation of modern Square D electrical panels. Tenant amenities include on-site laundry facilities, dedicated storage units, five off-street parking spaces, and ample street parking, creating added convenience and supporting tenant retention. Convenient access to Seattle, the Eastside, and North King County provides excellent connectivity to major employment centers throughout the Puget Sound region. Combined with recent capital improvements, the property's efficient unit mix, desirable location, and strong regional accessibility position it as an excellent investment opportunity offering stable cash flow with long-term upside potential.
| MLS # | 2567385 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 14 |
| Listing Provided By | John L. Scott, Inc | Jonathan D. Bye |
| SQ Feet | 4,800 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Acreage | 0.20 |
| Property | 14401 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98125 |
| Area | 710 North Seattle |
| Community Name | Olympic Hills |
| Listing VS Median (in Olympic Hills) | |
Price: $1,500,000 low | high Med: $684,975 sqft: 4,800 low | high Med: 1,371 $ / sqft: $313 low | high Med: $525 On site: 14 low | high Med: 44 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98125 |
| Area | 710 North Seattle |
| Community Name | Olympic Hills |
| Listing VS Median (in Olympic Hills) | |
Price: $1,500,000 low | high Med: $684,975 sqft: 4,800 low | high Med: 1,371 $ / sqft: $313 low | high Med: $525 On site: 14 low | high Med: 44 | |