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    2414 13Th Ave Seattle, WA 98144

    For Sale
    $4,900,000

    17-unit apartment building in Seattle's Beacon Hill neighborhood.

    Lot size:
    0.80 Acres

    Property Features for 2414 13Th Ave

    General Information

    Lot size
    0.80 Acres

    Source: Urban Commercial Partners, LLC Agent Jason Elrod

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

    Overview

    Beacon Hill Apartment Building

    Beacon View Apartments is a 17-unit mid-rise apartment building located in Seattle’s Beacon Hill neighborhood. Constructed in 1968 and extensively renovated in 2017, the property offers a large and efficient layout with a mix of studio, one-, and two-bedroom units across 22,400 square feet of building area. The property sits on a 0.14-acre lot with 17 parking spaces and LR3 zoning, providing long-term redevelopment potential. With 100% occupancy, current rents average $1,978 per unit. Located in North Beacon Hill, Beacon View offers residents access to Downtown Seattle, South Lake Union, and the University District, with light rail and I-5 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -122.315637
    Latitude
    47.5814807

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    FAQs

    What type of property is this?
    Apartment building - 17-unit apartment building in Seattle's Beacon Hill neighborhood.
    Where is this apartment building located?
    The property is located at 2414 13Th Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - 100% Occupancy with below-market average rents, indicating immediate rental growth potential.; - Excellent location in North Beacon Hill with easy access to Downtown Seattle, South Lake Union, and the University District.; - 17 parking spaces included.
    (206) 735-7888
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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
    2414 13Th Ave Seattle, WA 98144
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