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1401 S Holgate St
Seattle, WA 98144
Beacon Flats · Multifamily Property For Sale
·
17 Units
EXECUTIVE SUMMARY
Urban Commercial Partners is pleased to present Beacon Flats, a 17-unit multifamily property located on South Holgate Street in Seattle’s Beacon Hill neighborhood. Built in1957 and renovated in 2017, the three-story brick-veneer building features a mix of studio, one, and two-bedroom units, offering residents affordable and functional living
space in a walkable, transit-oriented location. With a total of 7,575 SF on a 0.15-acre site zoned L-2, Beacon Flats operates with 100% occupancy and no on-site parking requirement, enhancing its efficiency and accessibility. In-place rents average $1,678, below market averages of $1,776, providing immediate revenue growth potential. Beacon Flats is strategically located near employment centers in Downtown Seattle and South Lake Union, with light rail and bus service within minutes.
space in a walkable, transit-oriented location. With a total of 7,575 SF on a 0.15-acre site zoned L-2, Beacon Flats operates with 100% occupancy and no on-site parking requirement, enhancing its efficiency and accessibility. In-place rents average $1,678, below market averages of $1,776, providing immediate revenue growth potential. Beacon Flats is strategically located near employment centers in Downtown Seattle and South Lake Union, with light rail and bus service within minutes.
PROPERTY FACTS
| Price Per Unit | $361,977 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.97% | Building Size | 7,575 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1957/2017 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | L-2, Seattle - The LR2 zone is part of Seattle’s Lowrise multifamily zoning category, designed to support moderate-density residential development. | ||
| Price Per Unit | $361,977 CAD |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,575 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1957/2017 |
| Opportunity Zone |
Yes |
| Zoning | L-2, Seattle - The LR2 zone is part of Seattle’s Lowrise multifamily zoning category, designed to support moderate-density residential development. |
AMENITIES
UNIT AMENITIES
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
SITE AMENITIES
- Laundry Facilities
- Security System
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 450 - 513 |
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