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Mountain View Apartments 10625 22nd Pl S 18 Unit Apartment Building $5,483,058 CAD ($304,614 CAD/Unit) 3.12% Cap Rate Seattle, WA 98168
Investment Highlights
- Opportunity To Add Utility Bill Back
- Decks/Patios For Each Unit
- Offering One Bedroom & Two Bedroom Unit Floor Plans
- Ample Parking Available
- Stable In-Place Rents
- Strong Renter Demographic With Excellent Retention
Executive Summary
Positioned in a well-connected South Seattle neighborhood, the 18-unit multifamily asset at 10625 22nd Pl S (Mountain View Apartments) offers investors a compelling opportunity to acquire a stabilized property with strong in-place income and long-term upside. Located within Seattle, one of the nation’s most resilient rental markets, the asset bene?ts from sustained population growth, a diversi?ed employment base, and high barriers to new supply.
The property features an ef?cient unit mix tailored to workforce housing demand, appealing to a broad tenant base seeking attainable rents within close proximity to major employment hubs, transit corridors, and retail amenities. Its strategic location provides convenient access to downtown Seattle, Sea-Tac Airport, and key arterials including I-5 and SR-99, enhancing renter appeal and supporting consistent occupancy levels.
The property features an ef?cient unit mix tailored to workforce housing demand, appealing to a broad tenant base seeking attainable rents within close proximity to major employment hubs, transit corridors, and retail amenities. Its strategic location provides convenient access to downtown Seattle, Sea-Tac Airport, and key arterials including I-5 and SR-99, enhancing renter appeal and supporting consistent occupancy levels.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,483,058 CAD | Property Subtype | Apartment |
| Price Per Unit | $304,614 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 3.12% | Building Size | 12,130 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | R6 | ||
| Price | $5,483,058 CAD |
| Price Per Unit | $304,614 CAD |
| Sale Type | Investment |
| Cap Rate | 3.12% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 12,130 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | R6 |
Amenities
Unit Amenities
- Cable Ready
- Kitchen
- Refrigerator
- Range
- Carpet
- Grill
Site Amenities
- Fitness Center
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,022 CAD | 600 |
| 2+1 | 9 | $2,416 CAD | 733 |
| 2+2 | 1 | $2,470 CAD | 733 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 042304-9034 | Total Assessment | $4,044,699 CAD (2024) |
| Land Assessment | $431,233 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,613,465 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
042304-9034
Land Assessment
$431,233 CAD (2024)
Improvements Assessment
$3,613,465 CAD (2024)
Total Assessment
$4,044,699 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Mountain View Apartments | 10625 22nd Pl S
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