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2350 Beacon Ave S Seattle, WA 98144

For Sale
$4,700,000

16-unit apartment building in Beacon Hill, renovated in 2016.

Lot size:
0.80 Acres

Property Features for 2350 Beacon Ave S

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

Renovated Multifamily Asset in Seattle

Westward Apartments is a 16-unit multifamily property located in Seattle’s Beacon Hill neighborhood. Constructed in 1958 and fully renovated in 2016, the two-story property contains a mix of one- and two-bedroom units featuring updated finishes and modernized building systems. The asset totals 9,900 square feet on a 0.24-acre lot zoned LR3 (M2). The property is currently 100% occupied, with in-place rents averaging $1,792, which is below the market average of $1,896. The North Beacon Avenue location provides residents with walkable access to transit and neighborhood amenities, as well as proximity to major employment hubs, including Downtown Seattle, South Lake Union, and the University District.
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
-122.3155481
Latitude
47.5821521

FAQs

What type of property is this?
Apartment building - 16-unit apartment building in Beacon Hill, renovated in 2016.
Where is this apartment building located?
The property is located at 2350 Beacon Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: - Fully renovated in 2016 with updated finishes and modernized building systems.; - 100% occupancy provides stable in-place cash flow.; - Below-market average rents offer immediate upside through rent growth.
More about this property
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