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2258 14th Ave W
Seattle, WA 98119
W Queen Anne Fourplex · Multifamily Property For Sale
·
4 Units
Investment Highlights
- First time on the market in over 30 years
- Additional tenant storage units available
- Fenced backyard with shared outdoor space
- Dishwashers in every unit
Executive Summary
It’s the first time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket.
Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand.
Priced at $287,500 per unit — bring your buyers.
Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand.
Priced at $287,500 per unit — bring your buyers.
Property Facts
| Price Per Unit | $399,703 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.38% | Building Size | 3,744 SF |
| Gross Rent Multiplier | 15.54 | Average Occupancy | 95% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LR3(M), Seattle | ||
| Price Per Unit | $399,703 CAD |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| Gross Rent Multiplier | 15.54 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,744 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | LR3(M), Seattle |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,082 CAD | 700 |
Property Taxes
| Parcel Number | 277160-1405 | Improvements Assessment | $24,807 CAD |
| Land Assessment | $1,299,586 CAD | Total Assessment | $1,324,393 CAD |
Property Taxes
Parcel Number
277160-1405
Land Assessment
$1,299,586 CAD
Improvements Assessment
$24,807 CAD
Total Assessment
$1,324,393 CAD
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