3232 15th Avenue W, Seattle, WA 98119

$4,300,000
11,725
SqFt

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Listing courtesy of John L. Scott, Inc.

List Price
$4,300,000
Status
ACTIVE
MLS#
2552631
Days on Market
16
Style
56 - 10+ Units
Finished SqFt
11,725
Area Total SqFt
11725
Annual Tax Ammount
43916
Lot Size (sq ft)
5,550
Sewer
Sewer Connected

Property Description

Come see all that Eastbay Apartments has to offer! A boutique mixed-use investment opportunity located in Seattle’s desirable West Queen Anne neighborhood. Built in 2011, the Property consists of 12 multifamily units & two ground floor commercial spaces, offering investors diversified 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-floor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. The units feature spacious layouts & premium interior finishes, including in-unit washer/dryers, granite countertops, stainless-steel appliances & modern cabinetry designed to appeal to Seattle’s professional renter demographic. Eastbay Apartments benefits 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.

Additional Information

List Date
2026-07-10 16:55:13
Community
Queen Anne
Net Operating Income
$261,763
Gross Adjusted Income
$318,231
Gross Scheduled Income
$334,980
Total Monthly Income
$33,749
Insurance Expenses
$12,139
Water/Sewer/Garbage Expenses
$40,670
Gross Rent Multiplier
12.84
Total Expenses
$143,224
Cap Rate
6.09
Vacancy Rate
5
Total Number of Units
12
Unit Name
3232
Potential Terms
Cash
Year Built
2011
Roof
Composition
Other Expenses
46499
Energy Source
Electric
School District
Seattle
Total Monthly Income
$33,749
Gross Scheduled Income
$334,980
Vacancy Rate
5
Gross Adjusted Income
$318,231
Tax Year
2025
Insurance Expense
$12,139
W/S/G Expenses
$40,670
Total Expenses
$143,224
Net Operating Income
$261,763
Gross Rent Multiplier
12.84
Cap Rate
6.09
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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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