16 Valley St Seattle, WA 98109

Building Details

Year Built

1928

Listing agency LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES c***@lee-associates.com Show Phone

Listed by Candice Chevaillier, CCIM

Source Lee-associates

Added: Mar 4 Updated: Jul 10 at 3:46PM Checked: Apr 5 at 9:42PM

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Investment Insights

Based on property information with market context.

The Ella Robert is a 23-unit apartment community located in the Queen Anne neighborhood of Seattle. Constructed in 1928, the building combines architectural character with modernization, offering residents a living experience that pairs charm with amenities. Positioned on the south slope of Queen Anne Hill, the property offers an urban lifestyle defined by walkability and convenience, supported by a Walk Score of 96. Proximity to transit lines and major regional corridors enhances connectivity. The property has a 2020 roof replacement, updated plumbing, and a well-maintained elevator. Over $1.1 million in capital improvements have been made, with the majority of units renovated featuring in-unit laundry. The building has a penthouse unit, currently rented, but previously used as an Airbnb unit. In-place rents remain below market, with opportunity to enhance NOI through continued rent optimization and streamlined expense management. Select units offer Space Needle and Mount Rainier views and Elliott Bay water views.

Key Highlights

• Highly desirable Queen Anne location with a Walk Score of 96, offering an exceptional urban lifestyle.
• Trophy property with select units offering VIEWS of Downtown, Space Needle, Mount Rainier, and Elliott Bay.
• Modernized vintage character, originally built in 1928 with a 2020 roof replacement.

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FAQs

What type of property is this?

Apartment building - 23-unit apartment community in Seattle's desirable Queen Anne neighborhood.

Where is this apartment building located?

The property is located at 16 Valley St Seattle, WA.

What is the asking price?

The asking price for this property is $6,995,000.

What are key features of this property?

This property features: Highly desirable Queen Anne location with a Walk Score of 96, offering an exceptional urban lifestyle.; Trophy property with select units offering VIEWS of Downtown, Space Needle, Mount Rainier, and Elliott Bay.; Modernized vintage character, originally built in 1928 with a 2020 roof replacement.