11-Unit Apartment
1404 25th Avenue, Seattle, WA 98122
For Sale
New
$1,950,000
The unit mix includes a studio and one-bedroom residences, with shared laundry and a fenced rear courtyard.
Property Size5,814 SF
Days on Market4
Property Features for 1404 25th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry room
paved rear courtyard
Building Details
Building Size
Year Built
Listing Agency:
Paragon Real Estate Advisors
Listed By:
Nick Hemming · License WA #120684
(206) 812-9105
Source:
Marypong
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:15PM
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 Paragon Real Estate Advisors
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Investment Insights
Based on property information with market context.
This 11-unit apartment property, built in 1971, contains one studio and ten one-bedroom, one-bathroom units of approximately 500 square feet each. Updated interiors feature vinyl plank floors, refreshed paint, and electric wall heaters. Kitchens are equipped with quartz counters, tile backsplashes, dark wood cabinets, and stainless steel appliances; bathrooms include tile floors, wood-tone vanities, and tub-shower combinations. Shared amenities include an on-site laundry room, a paved, cedar-enclosed courtyard, and three off-street parking spaces. Exterior improvements include panel siding with accent panels, wood cladding, a covered entrance, and landscaped beds beside cedar fencing.
The property is in Seattle’s Central District, with access to Capitol Hill, Madison Valley, Downtown Seattle, and First Hill. Transit connections serve destinations across the city.
The property is in Seattle’s Central District, with access to Capitol Hill, Madison Valley, Downtown Seattle, and First Hill. Transit connections serve destinations across the city.
Key Highlights
- 11 apartments: one studio and ten one‑bedroom, one‑bathroom units
- Each residence measures approximately 500 square feet
- Three off‑street parking spaces and a shared laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,128
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,560
$2.0M
Cap Rate 7%
$1,401,829
$1.4M
Cap Rate 9%
$1,090,311
$1.1M
Market Conditions
NOI Build-Up for 5,814 SF
Gross rent
$184.9K $31.80/SF
− Vacancy
−$6.5K −$1.11/SF
EGI
$178.4K $30.69/SF
− OpEx
−$80.3K −$13.81/SF
NOI
$98.1K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,560
Cap Rate 7%
$1,401,829
Cap Rate 9%
$1,090,311
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,128 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,441 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
2,967
Businesses Nearby
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Business Placement
Demographics for 98122, WA
41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Seattle, WA
Properties on Market for Apartment buildings in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes a studio and one-bedroom residences, with shared laundry and a fenced rear courtyard.
Where is this apartment building located?
The property is located at 1404 25th Avenue Seattle, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 11 apartments: one studio and ten one‑bedroom, one‑bathroom units; Each residence measures approximately 500 square feet; Three off‑street parking spaces and a shared laundry room
