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228 21st Ave E - Miller Park 4-Unit 4 Unit Apartment Building Offered at $2,628,745 CAD at a 4.37% Cap Rate Seattle, WA 98112
Investment Highlights
- Prime Miller Park Location
- Triplex + Detached Accessory Dwelling Unit (DADU)
- Wall-Mounted Mini-Split Heating & Cooling Systems
- New Construction Completed in 2024
- Rooftop Solar Panels
- Full Appliance Packages in All Units
Executive Summary
Offered in the desirable Miller Park neighborhood, this newly constructed four-unit property presents a rare opportunity to acquire a modern, low maintenance asset in one of the city’s most walkable and bike-friendly locations. Completed in 2024, the property consists of a triplex and detached accessory dwelling unit (DADU), providing a versatile investment with strong rental appeal and owner-occupancy potential.
Units are well designed with each residence featuring a full appliance package including refrigerator, oven, over-range microwave, dishwasher, and full-size washer and dryer. Wall-mounted mini-split systems provide efficient heating and cooling, while rooftop solar panels enhance energy efficiency and long-term operating performance.
All three units within the triplex were newly leased in early 2026, demonstrating strong tenant demand.
NWMLS #2533245
Units are well designed with each residence featuring a full appliance package including refrigerator, oven, over-range microwave, dishwasher, and full-size washer and dryer. Wall-mounted mini-split systems provide efficient heating and cooling, while rooftop solar panels enhance energy efficiency and long-term operating performance.
All three units within the triplex were newly leased in early 2026, demonstrating strong tenant demand.
NWMLS #2533245
Property Facts
| Price | $2,628,745 CAD | No. Units | 4 |
| Price Per Unit | $657,186 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,610 SF |
| Cap Rate | 4.37% | No. Stories | 3 |
| Gross Rent Multiplier | 15.53 | Year Built | 2024 |
| Price | $2,628,745 CAD |
| Price Per Unit | $657,186 CAD |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| Gross Rent Multiplier | 15.53 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,610 SF |
| No. Stories | 3 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 889 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
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228 21st Ave E - Miller Park 4-Unit
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