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10-Unit Apartment Building
For Sale
$2,225,000

14333 32nd Avenue NE, Seattle, WA 98125

Apartments feature private balconies or patios, with recent work to the roof, plumbing, and shared areas.

Property Size12,566 SF
Price / SF$177.07
Days on Market24

Property Features for 14333 32nd Avenue NE

General Information

Standard status Active
Size 12,566 SF
Total Parking Spaces 16
Property subtype Multi Family

Site & Location

Neighborhood Olympic Hills

Units

Unit Mix 6 x 2bd/1ba, 4 x 1bd/1ba
Multifamily Units 10

Additional Details

Cap Rate 6.2%
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $22,146

Amenities

private balcony or patio
storage lockers

Building Details

Building Size 12,566 SF
Year Built 1973
Buildings 1
Stories 3
Listing Agency: Opal Blue Real Estate, LLC
Listed By: Grant Fosheim
Source: Seattleafloat
Added: Oct 9 Changed: Oct 31 Last Checked: Oct 31 at 3:09AM

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 Opal Blue Real Estate, LLC

Rey
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Investment Insights

Based on property information with market context.

This 10-unit, three-story apartment property in Seattle’s Lake City neighborhood contains 12,566 square feet. Six units have two bedrooms and one bathroom across approximately 1,100 square feet each; the other four offer one bedroom and one bathroom in approximately 950 square feet each. Every apartment has a private balcony or patio. Double-pane vinyl windows serve the building, and recent improvements include a 2023 roof, plumbing upgrades, refreshed common areas, and storage lockers.

The property includes 16 parking spaces and nine storage lockers. One apartment has been renovated. Its reported cap rate is 6.20%, with a 7.54% cap rate at market.

Key Highlights

  • 10 apartments across three stories, totaling 12,566 square feet
  • Six 2‑bedroom/1‑bath units at approximately 1,100 SF each; four 1‑bedroom/1‑bath units at approximately 950 SF each
  • Private balcony or patio for every unit

Property Analytics

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Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 98125, WA

42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Apartments feature private balconies or patios, with recent work to the roof, plumbing, and shared areas.
Where is this apartment building located?
The property is located at 14333 32nd Avenue NE Seattle, WA.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 10 apartments across three stories, totaling 12,566 square feet; Six 2‑bedroom/1‑bath units at approximately 1,100 SF each; four 1‑bedroom/1‑bath units at approximately 950 SF each; Private balcony or patio for every unit
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