310 Aloha Street, Seattle, WA 98109

$2,500,000
5,646
SqFt

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Listing courtesy of Prolink Realty, LLC.

List Price
$2,500,000
Status
ACTIVE
MLS#
2499210
Days on Market
90
Style
56 - 10+ Units
Building Condition
Average
Finished SqFt
5,646
Area Total SqFt
5646
Annual Tax Ammount
21354
Internet Provider
Xfinity
Lot Size (sq ft)
6,000
Sewer
Sewer Connected

Property Description

Amazing Investment Opportunity! Welcome to the Anne Marie Apartment, a well-maintained and extensively renovated 10-unit classic building located in the highly sought-after Lower Queen Anne neighborhood (South Slope). Situated on a 6,000 SF lot, this property is incredibly walkable—just steps from the Seattle Center, Gates Foundation, Belltown, South Lake Union, and the waterfront. Tenants enjoy a vibrant area boasting cafes, restaurants, parks, excellent public transit access, and breathtaking views of the Space Needle and the city skyline.Generate significant cash flow right away with the building's numerous reliable, long-term tenants. Alternatively, the property offers fantastic flexibility; thanks to its unbeatable proximity to major tourist attractions and corporate hubs, it is ideally positioned for flexible operations like temporary corporate housing or short-term rentals (such as Airbnb) to further maximize your return on investment. The building features shared on-site coin-operated laundry facilities and a tremendous list of capital improvements, making it a fantastic turnkey investment in one of Seattle's most desirable areas.

Additional Information

List Date
2026-04-27 13:43:10
Community
Queen Anne
Net Operating Income
$116,487
Gross Adjusted Income
$167,175
Gross Scheduled Income
$172,346
Total Monthly Income
$14,255
Insurance Expenses
$6,757
Water/Sewer/Garbage Expenses
$13,622
Gross Rent Multiplier
14.51
Total Expenses
$50,687
Cap Rate
4.66
Vacancy Rate
3
Total Number of Units
11
Unit Name
310
Potential Terms
Cash, Conventional
Year Built
1909
View
City, Territorial
Roof
Flat
Site Features
Cable TV, Deck, Fenced-Fully, Gas Available, Gated Entry, High Speed Internet, Patio
Electric Expenses
2763
Other Expenses
4579
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
John Hay Elementary
Middle School
Mc Clure Mid
High School
Lincoln High
Total Monthly Income
$14,255
Gross Scheduled Income
$172,346
Vacancy Rate
3
Gross Adjusted Income
$167,175
Tax Year
2025
Insurance Expense
$6,757
W/S/G Expenses
$13,622
Total Expenses
$50,687
Net Operating Income
$116,487
Gross Rent Multiplier
14.51
Cap Rate
4.66
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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