23
See all 23 photos
Listed by Urban Commercial Partners, LLC
$4,700,000
Est. payment /mo
19 Beds
16 Baths
9,900 SqFt
New
2350 Beacon AVE S Seattle, WA 98144
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,900 sqft
Price per Sqft $474
Subdivision Beacon Hill
MLS Listing ID 2440960
Style 56 - 10+ Units
Bedrooms 19
Year Built 1958
Annual Tax Amount $30,238
Lot Size 10,415 Sqft
Property Sub-Type Multi Family
Property Description
Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.
Location
State WA
County King
Area 385 - Sodo/Beacon Hill
Interior
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Brick, Wood
View Y/N Yes
View Mountain(s), Territorial
Roof Type Torch Down
Building
Lot Description Corner Lot, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.