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2600 NE 125th St
Seattle, WA 98125
Lake City Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Flexible one- and two-bedroom unit mix with efficient floor plans
- On-site laundry, storage units, and dedicated off street parking
- Recent capital improvements including roof replacement and electrical upgrades
- Convenient access to Seattle, the Eastside, and major regional employment centers.
Executive Summary
The Morse Multifamily Group is pleased to present the multifamily investment opportunity located at 2600 NE 125th Street in Seattle, Washington. The property features a flexible unit mix of one- and two-bedroom
residences with an average unit size of approximately 600 square feet. As a result, the property represents an attractive housing option for a broad tenant base, providing efficient floor plans that appeal to both
individuals and small households seeking affordability and functionality in a desirable location.
Several notable capital improvements have already been completed, reducing near-term ownership expenses and enhancing long-term operational stability. Recent upgrades include a roof replacement
completed approximately six years ago, along with the installation of modern Square D electrical panels. Additional tenant-focused amenities include on-site laundry facilities and dedicated storage units, creating
added convenience and supporting tenant retention. Five off-street parking spaces and ample neighborhood street parking provides additional flexibility for residents and guests. This combination of parking availability, on-site amenities, and efficient unit configurations contributes to the property's overall appeal and functionality.
Additionally, the property boasts convenient access to Seattle, the Eastside, and North King County; this strong regional connectivity provides access to major employment centers throughout the Puget Sound region. Coupled with recently completed capital expenditures, the property's favorable location, efficient unit mix, and regional accessibility make it an attractive opportunity for investors seeking stable cash flow and future growth in a dynamic residential market.
residences with an average unit size of approximately 600 square feet. As a result, the property represents an attractive housing option for a broad tenant base, providing efficient floor plans that appeal to both
individuals and small households seeking affordability and functionality in a desirable location.
Several notable capital improvements have already been completed, reducing near-term ownership expenses and enhancing long-term operational stability. Recent upgrades include a roof replacement
completed approximately six years ago, along with the installation of modern Square D electrical panels. Additional tenant-focused amenities include on-site laundry facilities and dedicated storage units, creating
added convenience and supporting tenant retention. Five off-street parking spaces and ample neighborhood street parking provides additional flexibility for residents and guests. This combination of parking availability, on-site amenities, and efficient unit configurations contributes to the property's overall appeal and functionality.
Additionally, the property boasts convenient access to Seattle, the Eastside, and North King County; this strong regional connectivity provides access to major employment centers throughout the Puget Sound region. Coupled with recently completed capital expenditures, the property's favorable location, efficient unit mix, and regional accessibility make it an attractive opportunity for investors seeking stable cash flow and future growth in a dynamic residential market.
Property Facts
| Price Per Unit | $258,551 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.60% | Building Size | 4,800 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 1.04/1,000 SF |
| Zoning | L2, Seattle | ||
| Price Per Unit | $258,551 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | L2, Seattle |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,641 CAD | 500 |
| 2+1 | 2 | $2,306 CAD | 900 |
Property Taxes
| Parcel Number | 383450-0570 | Improvements Assessment | $791,989 CAD |
| Land Assessment | $1,017,066 CAD | Total Assessment | $1,809,055 CAD |
Property Taxes
Parcel Number
383450-0570
Land Assessment
$1,017,066 CAD
Improvements Assessment
$791,989 CAD
Total Assessment
$1,809,055 CAD
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