Class A Office Building with Carriage
For Sale
Contact for pricing
614 Boylston Ave E, Seattle, WA 98102
Recently updated three-floor office with basement and a remodeled carriage house plus parking for 8–10 stalls.
Property Size6,510 SF
Lot Size0.16 Acres
Price / SF$321.81
Days on Market576
Property Features for 614 Boylston Ave E
General Information
Standard status
Active
Size
6,510 SF
Class
Class A
Total Parking Spaces
10
Lot size
0.16 Acres
Property subtype
OFFICE
Zoning
LR3 (M)
Site & Location
Neighborhood
Broadway
Public Transit
Yes
Amenities
conference space
kitchen
break-out spaces
Building Details
Year Built
1906
Buildings
2
Listing Agency:
Kidder Mathews
(206) 296-9600
Listed By:
Dan Swanson · License #13533
(425) 444-6501
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Oct 25
Last Checked: Oct 26 at 6:22PM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
614 Boylston Avenue East is a recently updated class A office property with space across three floors plus a usable basement, totaling approximately 5,510 SF in the main structure. Built in 1906 as a single-family residence and converted to office by previous owners, the building also includes a separate standalone remodeled carriage house of approximately 1,000 SF.
The main building can accommodate desk space for 20–25 people, with additional space for another 4–6 desks in the carriage house. Conference space, a kitchen, and small break-out spaces are included across the buildings. On-site parking is provided for 8–10 stalls, along with abundant street parking, with convenience to mass transit and a walk score of 95.
A total lot size of 6,927 SF (per King County records) is zoned LR3 (M) with an Urban Village Overlay.
The main building can accommodate desk space for 20–25 people, with additional space for another 4–6 desks in the carriage house. Conference space, a kitchen, and small break-out spaces are included across the buildings. On-site parking is provided for 8–10 stalls, along with abundant street parking, with convenience to mass transit and a walk score of 95.
A total lot size of 6,927 SF (per King County records) is zoned LR3 (M) with an Urban Village Overlay.
Key Highlights
- Approximately 5,510 SF main office plus a separate ~1,000 SF remodeled carriage house
- Three floors and a usable basement in the main structure
- Desk capacity for 20–25 in the main building, plus 4–6 desks in the carriage house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,287
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,285,740
$2.3M
Cap Rate 7%
$1,632,671
$1.6M
Cap Rate 9%
$1,269,856
$1.3M
Market Conditions
NOI Build-Up for 6,510 SF
Gross rent
$197.6K $30.36/SF
− Vacancy
−$45.3K −$6.95/SF
EGI
$152.4K $23.41/SF
− OpEx
−$38.1K −$5.85/SF
NOI
$114.3K $17.56/SF
Area
Seattle, WA
Vacancy
22.90%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,285,740
Cap Rate 7%
$1,632,671
Cap Rate 9%
$1,269,856
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,287 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,099 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,701
Businesses Nearby
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Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
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Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office building - Recently updated three-floor office with basement and a remodeled carriage house plus parking for 8–10 stalls.
Where is this office building located?
The property is located at 614 Boylston Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Approximately 5,510 SF main office plus a separate ~1,000 SF remodeled carriage house; Three floors and a usable basement in the main structure; Desk capacity for 20–25 in the main building, plus 4–6 desks in the carriage house
