$1,650,000

8 Beds 5 Baths 4,288 SQFT 0.14 Acres
Type: Multi-Family

2822 14th Avenue W
Seattle, WA 98119

MLS#: 2576773
Presented by: Coldwell Banker Danforth and NWMLS

Property Description

 

Exceptional investment opportunity on the western slope of Queen Anne. This well-maintained mid-century five-plex offers strong income, consistently low vacancy, and compelling long-term potential. The building and all five units are in great condition and each unit has its own dedicated storage unit in the basement. An attractive cap rate provides solid returns today with potential to further maximize income over time. The location provides quick access to Interbay, Ballard, Fremont, Magnolia, Downtown Seattle, and Highway 99, making it highly desirable for tenants seeking convenience and connectivity. Residents also enjoy easy access to Queen Anne's vibrant restaurants, cafés, shopping, parks, and major employment centers. A dependable, income-producing asset in one of Seattle's premier neighborhoods, with the potential to benefit from continued appreciation and future value-add. Pre-listing inspection report available upon request.


 

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 Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories3

General

AmenitiesBasement, See Remarks, Storage, Thermal Windows
Building Area Units0 sqft
Cap Rate5.7
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsGPS Friendly!
Electric Expense611
Elementary SchoolBuyer To Verify
Energy EfficientThermal Windows
Fuel Expense2922
Garage Spaces5
HOANo
HOA Fee$0
HeatingBaseboard, Radiant
High SchoolBuyer To Verify
High School DistrictSeattle
Insurance Expense4269
Leasable Area4,288 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet6,000 sqft
Lot Size UnitsSquare Feet
MLS Area700 - Queen Anne/Magnolia
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income94892
New ConstructionNo
Number Of Units Total5
PossessionClosing, See Remarks, Subject To Tenant Rights
Possible UseMulti-Family
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExceptional investment opportunity on the western slope of Queen Anne. This well-maintained mid-century five-plex offers strong income, consistently low vacancy, and compelling long-term potential. The
RoofTorch Down
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameQueen Anne
Tax Annual Amount$15,593
Tax Year2026
Units Below Gradefalse
Units In Building Total5
ViewSee Remarks, Sound, Territorial
Virtual TourClick here
Water CompanySeattle Public Utilities
Water Sewer Garbage4824
Year Built1962
Zoning DescriptionMulti-Family

Exterior

Building Area Total4,288 sqft
Covered Spaces5
Exterior AmenitiesBrick
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.1377
Parking Uncovered Total5
Site FeaturesGas Available, High Speed Internet
Total Parking10
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Middle School Buyer To Verify Middle School
Elementary School Buyer To Verify Elementary School

  

Similar Properties

$1,650,000

8 Beds 5 Baths 4,288 SQFT 0.14 Acres
Type: Multi-Family

2822 14th Avenue W
Seattle, WA 98119

MLS#: 2576773