New Townhouse Community For
11825 59th Ave S Seattle, WA 98178
For Sale
$2,725,000
Pending
Five-unit townhouse community with modern design, built in 2025.
Property Size6,120 SF
Days on Market259
Property Features for 11825 59th Ave S
General Information
- Standard status
- Pending
- Size
- 6,120 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency:
COMPASS
Listed By:
ERICH BUBBEL
Source:
Corcoran
Added: Nov 7, 2025
Changed: Jul 10
Last Checked: Jul 23 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
Investment Insights
Based on property information with market context.
This five-unit townhouse community, newly constructed in 2025, features modern design and high-end finishes. Each residence is built as a fee-simple style townhome and sits on its own tax parcel. The asset can be treated as a cohesive income-producing property, while preserving the option to sell off individual units in the future. The current rent roll includes two of the five units leased, providing immediate income. The community features an efficient unit mix of three 3BD/2.5BA townhomes and two 2BD/2.5BA townhomes, appealing to a wide range of renters, from professionals to small families.
Key Highlights
- Newly constructed in 2025, offering modern design and high‑end finishes.
- Fee‑simple style townhomes on individual tax parcels, allowing for future sale of individual units.
- Immediate income from two leased units with upside potential as remaining units are leased.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.6k | $31.80 |
| − Vacancy | −$6.8k | −$1.11 |
| EGI | $187.8k | $30.69 |
| − OpEx | −$84.5k | −$13.81 |
| NOI | $103.3k | $16.88 |
6,120 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,292 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,885 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit townhouse community with modern design, built in 2025.
Where is this apartment building located?
The property is located at 11825 59th Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $2,725,000.
What are key features of this property?
This property features: Newly constructed in 2025, offering modern design and high‑end finishes.; Fee‑simple style townhomes on individual tax parcels, allowing for future sale of individual units.; Immediate income from two leased units with upside potential as remaining units are leased.
