WA > Seattle > Beacon Hill
Seattle, WA 98144,2350 Beacon AVE S
Seattle, WA 98144,2350 Beacon AVE S
Seattle, WA 98144,2350 Beacon AVE S
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by Urban Commercial Partners, LLC
$4,700,000
Est. payment /mo
19 Beds
16 Baths
9,900 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,900 sqft

Price per Sqft $474

Subdivision Beacon Hill

MLS Listing ID 2440960

Style 56 - 10+ Units

Bedrooms 19

Year Built 1958

Annual Tax Amount $30,238

Lot Size 10,415 Sqft

Property Sub-Type Multi Family

Property Description

Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.

Location

State WA

County King

Area 385 - Sodo/Beacon Hill

Interior

Flooring Hardwood

Fireplace false

Exterior

Exterior Feature Brick, Wood

View Y/N Yes

View Mountain(s), Territorial

Roof Type Torch Down

Building

Lot Description Corner Lot, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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Josh Barnard

Josh Barnard

+1(253) 677-5765

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