Eastbay Apartments 3232 15th Ave W 14 Unit Apartment Building $5,929,442 CAD ($423,532 CAD/Unit) 5.18% Cap Rate Seattle, WA 98119

Marcus & Millichap is pleased to present Eastbay Apartments, a boutique mixed-use investment opportunity located at 3232 15th Avenue West in Seattle’s desirable West Queen Anne neighborhood. Built in 2011, the Property consists of 12 multifamily units and two ground ?oor commercial spaces, offering investors diversi?ed income within one of Seattle's most sought after urban sub markets. The Property features a well-balanced unit mix including one studio unit, four one-bedroom units, three two-bedroom/one-bath units, two two-bedroom/two-bath units, and two top-?oor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. The units feature spacious layouts and premium interior ?nishes, including in-unit washer/dryers, granite countertops, stainless-steel appliances, and modern cabinetry designed to appeal to Seattle’s professional renter demographic.
Eastbay Apartments bene?ts from its strategic location in West Queen Anne with convenient access to Seattle’s major employment centers including South Lake Union, Downtown Seattle, Ballard, and Interbay. The surrounding neighborhood provides residents with proximity to Magnolia’s parks, waterfront amenities, restaurants, and neighborhood retail destinations, creating a strong live-work-play environment that continues to attract young professionals and families. The Property also includes two levels of secured garage parking with 15 spaces and 12 on-site storage units, enhancing tenant convenience and supporting long-term occupancy stability. The combination of newer construction, mixed-use income diversi?cation, spacious unit layouts, and irreplaceable Seattle location positions Eastbay Apartments as a compelling opportunity for investors seeking stable cash ?ow and long-term appreciation within a supply-constrained multifamily market.