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    1401 S Holgate St Seattle, WA 98144

    For Sale
    $4,700,000

    17-unit multifamily property in Seattle's North Beacon Hill neighborhood.

    Lot size:
    0.80 Acres

    Property Features for 1401 S Holgate St

    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

    Seattle Multifamily Property For Sale

    Located on South Holgate Street in Seattle’s North Beacon Hill neighborhood, Beacon Flats is a 17-unit multifamily property. Constructed in 1957 and renovated in 2017, this three-story building features a brick-veneer exterior. The property offers a mix of studio, one, and two-bedroom units, providing residents with affordable living spaces in a walkable, transit-oriented area. The building has a total of 7,575 square feet and is situated on a 0.15-acre site zoned L-2. Beacon Flats operates at full occupancy and has no on-site parking requirement. The average in-place rents are $1,678, which is below the market average of $1,776. The property is located near employment centers in Downtown Seattle and South Lake Union, with convenient access to light rail and bus services.
    Insight Report Location Intelligence

    Current Use by Public Records

    Beacon Flats Condominiums Condominium Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3142221
    Latitude
    47.5862078

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    FAQs

    What type of property is this?
    Apartment building - 17-unit multifamily property in Seattle's North Beacon Hill neighborhood.
    Where is this apartment building located?
    The property is located at 1401 S Holgate St 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: - 100% Occupancy: Demonstrates strong demand and immediate cash flow.; - Below Market Rents: Offers significant potential for revenue growth.; - Transit-Oriented Location: Provides easy access to Downtown Seattle and South Lake Union.
    (206) 735-7888
    Request Owner's contact information
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    Seattle, WA 98144
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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
    1401 S Holgate St Seattle, WA 98144
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