603 3Rd Ave W Seattle, WA 98119
Spacious units with redevelopment potential in Seattle's desirable location.
Property size:
12,510 SFProperty Features for 603 3Rd Ave W
General Information
- Size
- 12,510 SF
Building Details
- Year built
- 1929
Source:
Corcoran
Listing Agent: Collin Hagstrom
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Classic Seattle Apartment Building
The Regan Lee features 24 studio and one-bedroom units characterized by original hardwood floors, mahogany doors, rich wood trim, arched entryways, and abundant natural light. The property retains the elegance of its original construction. Eight garage stalls located along the alley provide parking and additional income. The property offers an opportunity to increase net operating income through renovations and rent optimization. Redevelopment potential exists for the existing garage space to add units and further maximize value; verification is the responsibility of the buyer. The property size is 12510 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Regan Lee
Low Income Housing Program
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3610845
- Latitude
- 47.6247722
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FAQs
What type of property is this?
Apartment building - Spacious units with redevelopment potential in Seattle's desirable location.
Where is this apartment building located?
The property is located at 603 3Rd Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: - Opportunity to increase Net Operating Income (NOI) through strategic renovations and rent optimization due to below-market rents.; - Eight garage stalls provide parking convenience and additional income.; - Redevelopment potential of existing garage space to add units (buyer to verify).