2414 13th Avenue S, Seattle, WA 98144
- $4,900,000
- 11,876
- SqFt
Listing courtesy of Urban Commercial Partners, LLC.
- List Price
- $4,900,000
- Status
- ACTIVE
- MLS#
- 2439327
- Days on Market
- 300
- Style
- 56 - 10+ Units
- Finished SqFt
- 11,876
- Area Total SqFt
- 11876
- Annual Tax Ammount
- 35492
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
We are pleased to offer for sale the Beacon View Apartments; a well-positioned, turnkey 17-unit multifamily asset located in Seattle’s highly desirable North Beacon Hill neighborhood. Just a short walk from the Beacon Hill Light Rail Station, Beacon View offers residents seamless access to Seattle Metro Area, making it an ideal location for urban professionals. This stabilized, transit-oriented asset combines reliable cash flow with near-term value-add potential, an attractive opportunity for multifamily investors seeking growth in one of Seattle’s most connected neighborhoods. Projected Year one NOI of $299,370 and 6.1% Cap Rate.
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Additional Information
- List Date
- 2025-09-29 22:10:28
- Community
- Beacon Hill
- Net Operating Income
- $299,370
- Gross Adjusted Income
- $423,459
- Gross Scheduled Income
- $445,746
- Total Monthly Income
- $37,342
- Insurance Expenses
- $25,125
- Water/Sewer/Garbage Expenses
- $21,037
- Gross Rent Multiplier
- 11.6
- Total Expenses
- $146,375
- Cap Rate
- 6.1
- Vacancy Rate
- 5
- Total Number of Units
- 17
- Unit Name
- 2414
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Flat
- Electric Expenses
- 729
- Other Expenses
- 63992
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $37,342
- Gross Scheduled Income
- $445,746
- Vacancy Rate
- 5
- Gross Adjusted Income
- $423,459
- Tax Year
- 2025
- Insurance Expense
- $25,125
- W/S/G Expenses
- $21,037
- Total Expenses
- $146,375
- Net Operating Income
- $299,370
- Gross Rent Multiplier
- 11.6
- Cap Rate
- 6.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.