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Roy Vue Apartments 615 Bellevue Ave E 34 Unit Apartment Building For Sale Seattle, WA 98102
INVESTMENT HIGHLIGHTS
- Iconic Historic Asset
- Exceptional Unit Sizes with Conversion Potential
- Updated Building Systens
- Below Market Rents
- Prime North Capitol Hill Location
EXECUTIVE SUMMARY
Cushman & Wakefield Capital Markets is pleased to present the exclusive opportunity to acquire the Roy Vue Apartments, a historic 34-unit community located in the coveted north end of Seattle's Capitol Hill neighborhood.
Originally constructed in 1924 by noted architect Charles L. Haynes, the Roy Vue is recognized as a true Seattle landmark. The property has been carefully maintained and features modernized building systems while preserving its timeless architectural character.
Current rents are well below market, providing a new operator with immediate upside. Also, with an average unit size of more than 1,000 square feet, the community is comprised primarily of spacious one-bedroom layouts that offer straightforward conversion potential to two-bedroom units — creating an attractive value-add opportunity in a supply-constrained submarket.
This rare asset blends historic charm with meaningful upside, presenting a compelling investment in one of Seattle’s most desirable neighborhoods.
Originally constructed in 1924 by noted architect Charles L. Haynes, the Roy Vue is recognized as a true Seattle landmark. The property has been carefully maintained and features modernized building systems while preserving its timeless architectural character.
Current rents are well below market, providing a new operator with immediate upside. Also, with an average unit size of more than 1,000 square feet, the community is comprised primarily of spacious one-bedroom layouts that offer straightforward conversion potential to two-bedroom units — creating an attractive value-add opportunity in a supply-constrained submarket.
This rare asset blends historic charm with meaningful upside, presenting a compelling investment in one of Seattle’s most desirable neighborhoods.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.53 AC |
| No. Units | 34 | Building Size | 37,942 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Zoning | LR3 (M) | ||
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.53 AC |
| Building Size | 37,942 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1924 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | LR3 (M) |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Crown Molding
- Hardwood Floors
- Stainless Steel Appliances
- Views
- Yard
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 585 - 1,062 |
| 2+1 | 4 | - | 1,223 - 1,258 |
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Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 684820-0030 | Improvements Assessment | $9,292,891 CAD |
| Land Assessment | $8,422,560 CAD | Total Assessment | $17,715,451 CAD |
PROPERTY TAXES
Parcel Number
684820-0030
Land Assessment
$8,422,560 CAD
Improvements Assessment
$9,292,891 CAD
Total Assessment
$17,715,451 CAD
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Roy Vue Apartments | 615 Bellevue Ave E
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