Listing Agency: TEC Real Estate Inc c***@tecrealestate.com Show Phone

Listed By: Chris K Soon · License #WA 26781

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 9:01PM

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Investment Insights

Based on property information with market context.

This Seattle apartment property contains 10 one-bedroom, one-bath units averaging 586 square feet. The 6,748-square-foot lot includes 10 parking spaces, with 6 covered and 4 uncovered. The property is located at 9200 15th Ave SW in the West Seattle area and carries LR2 (M) zoning. A reported 5.5% cap rate provides an additional operating metric for evaluation.

Key Highlights

• 10 apartment units with a one‑bedroom, one‑bath layout
• Units average 586 SF
• 6,748 SF lot spanning 0.15 acres

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Barber Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Location Intelligence

Trade Area within ½ mile

970

Businesses Nearby

Explore this area Business Placement

Demographics for 98106, WA

26,295

Population

12,107

Households

2.2

Avg Household Size

37

Median Age

45%

College-Educated

91%

High-School Grad

5.5 sq mi

ZIP Area

4,781

Density / Sq Mi

$115,529

Median Household Income

$60,223

Median Earnings

$1,824

Median Rent

$666,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Ten one-bedroom residences share a Seattle parcel with both covered and uncovered parking.

Where is this apartment building located?

The property is located at 9200 15th Ave SW Seattle, WA.

What are key features of this property?

This property features: 10 apartment units with a one‑bedroom, one‑bath layout; Units average 586 SF; 6,748 SF lot spanning 0.15 acres