$4,300,000

18 Beds 16 Baths 11,725 SQFT 0.13 Acres
Type: Multi-Family

3232 15th Avenue W
Seattle, WA 98119

MLS#: 2552631
Presented by: John L. Scott, Inc and NWMLS

Property Description

 

Come see all that Eastbay Apartments has to offer! A boutique mixed-use investment opportunity located in Seattle’s desirable West Queen Anne neighborhood. Built in 2011, the Property consists of 12 multifamily units & two ground floor commercial spaces, offering investors diversified income within one of Seattle's most sought after urban sub markets. The Property features a well-balanced unit mix including one studio unit, four one-bedroom units, three two-bedroom/one-bath units, two two-bedroom/two-bath units, and two top-floor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. The units feature spacious layouts & premium interior finishes, including in-unit washer/dryers, granite countertops, stainless-steel appliances & modern cabinetry designed to appeal to Seattle’s professional renter demographic. Eastbay Apartments benefits from its strategic location in West Queen Anne with convenient access to Seattle’s major employment centers including South Lake Union, Downtown Seattle, Ballard, and Interbay. The surrounding neighborhood provides residents with proximity to Magnolia’s parks, waterfront amenities, restaurants, and neighborhood retail destinations, creating a strong live-work-play environment. The Property also includes two levels of secured garage parking with 15 spaces and 12 on-site storage units, enhancing tenant convenience and supporting long-term occupancy stability.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories6

General

AmenitiesElevator, Storage
Building Area Units0 sqft
Cap Rate6.09
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsFrom I5 take the exit for Mercer. Stay straight t go on Mercer. Mercer becomes W Mercer Pl. Slight R on Elliott Ave W. Elliott Ave W becomes 15th Ave W. Keep R at fork. Property is on the R.
Electric Expense0
Fuel Expense0
Garage Spaces15
HOANo
HOA Fee$0
HeatingForced Air
High School DistrictSeattle
Insurance Expense12139
Leasable Area11,725 sqft
Listing TermsCash
Living Area0 sqft
Lot Size Square Feet5,550 sqft
Lot Size UnitsSquare Feet
MLS Area700 - Queen Anne/Magnolia
NWM_ShowMapLinkY
Net Operating Income261763
New ConstructionNo
Number Of Units Total12
PossessionClosing
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksCome see all that Eastbay Apartments has to offer! A boutique mixed-use investment opportunity located in Seattles desirable West Queen Anne neighborhood. Built in 2011, the Property consists of 12 mu
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameQueen Anne
Tax Annual Amount$43,916
Tax Year2025
Units Below Gradefalse
Units In Building Total14
Water Sewer Garbage40670
Year Built2011

Exterior

Building Area Total11,725 sqft
Covered Spaces15
Exterior AmenitiesBrick, Wood, Wood Products
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.1274
Parking Uncovered Total0
Total Parking15
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$4,300,000

18 Beds 16 Baths 11,725 SQFT 0.13 Acres
Type: Multi-Family

3232 15th Avenue W
Seattle, WA 98119

MLS#: 2552631