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    22805 30Th Ave S Seattle, WA 98198

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    For Sale
    $1,725,000

    11-unit apartment building with in-place 6.5% cap rate.

    Property size:
    7,300 SF

    Property Features for 22805 30Th Ave S

    General Information

    Size
    7,300 SF

    Building Details

    Year built
    1968

    Source: PARAGON REAL ESTATE ADVISORS Agent BRIAN PLATT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vashon Vue Apartments Opportunity

    The Vashon Vue Apartments, an 11-unit building, offers the opportunity to acquire an in-place 6.5% current cap rate with operational upside to reach a 6.8% proforma cap rate. The property includes the opportunity to assume the existing loan with an approximate balance of $1,155,000 at a 5% interest rate fixed until January 2031. The Vashon Vue consists of four classic and four renovated 1-bedroom/1-bathroom units, each 620 square feet, along with two classic and one renovated 2-bedroom/1-bathroom units, each 780 square feet. The renovated units feature LVP flooring, formica countertops, stainless steel appliances, and a tasteful vanity package for the bathrooms. The location of the Vashon Vue offers proximity to several well-r.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2945032
    Latitude
    47.3975781

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    FAQs

    What type of property is this?
    Apartment building - 11-unit apartment building with in-place 6.5% cap rate.
    Where is this apartment building located?
    The property is located at 22805 30Th Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: - Opportunity to assume existing loan with ~$1,155,000 balance at 5% interest fixed until January 2031.; - In-place 6.5% current cap rate with operational upside to reach 6.8% proforma cap rate.; - Mix of unit types: four classic and four renovated 1-bedroom/1-bathroom units (620 sq ft), plus two classic and one renovated 2-bedroom/1-bathroom units (780 sq ft).
    Request Owner's contact information
    22805 30Th Ave S Seattle, WA 98198
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    Seattle, WA 98198
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22805 30Th Ave S Seattle, WA 98198
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