2350 Beacon Avenue S in Seattle
| Listing ID: | 2440960 (Multi-Family) |
|---|---|
| Listing Price: | $4,700,000 |
| Days on Market: | 359 |
Details | |
| Bed / Bath: | 0.00 / 0.00 |
| Lot Size: | 0.24 acre (10,415 sqft) |
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%.
This listing is provided courtesy of NWMLS.
Listing Broker: Urban Commercial Partners, LLC; Jason Elrod, 206-399-1055, jason@urbanseattle.com.
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