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10-Unit Apartment Building

14333 32ND, Seattle, WA 98125

For Sale
$2,250,000

One- and two-bedroom residences feature private balconies or patios, with upgraded shared areas and storage lockers.

Property Size12,566 SF
Price / SF$179.05
Days on Market33

Property Features for 14333 32ND

General Information

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

Financials

Cap Rate 6.2%
Gross Income $228,000

Units

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

Additional Details

Tenant in Place Yes

Building Details

Year Built 1973
Buildings 1
Stories 3
Listing Agency: Opal Blue Real Estate,LLC
Listed By: Grant Fosheim
Source: Skylineproperties
Added: Oct 7 Changed: Nov 7 Last Checked: Nov 8 at 6:24AM

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.

The three-story apartment property contains 10 residences across 12,566 square feet. Its mix comprises six two-bedroom, one-bathroom units of approximately 1,100 square feet and four one-bedroom, one-bathroom units of approximately 950 square feet. Each residence has a private balcony or patio. One unit has been renovated; common areas have also received upgrades, and the building has double-pane vinyl windows and new storage lockers.

The property is at 14333 32ND in Seattle’s Lake City neighborhood. Built in 1973, it has a roof installed in 2023 and plumbing upgrades. On-site amenities include 16 parking spaces and nine storage lockers. The reported cap rate is 6.20%, with a 7.54% cap rate at market.

Key Highlights

  • 10 apartments: six 2bd/1ba units at approximately 1,100 SF and four 1bd/1ba units at approximately 950 SF
  • 12,566 SF across three stories; built in 1973
  • Reported cap rate of 6.20%, with 7.54% at market

Property Analytics

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

151
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

Market

Average Price Trend$/SF for Apartment buildings in Seattle, WA

$411 Jul
$412 Aug
$378 Sep
$376 Oct

Properties on Market for Apartment buildings in Seattle

Jul
Aug
Sep
Oct

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 - One- and two-bedroom residences feature private balconies or patios, with upgraded shared areas and storage lockers.
Where is this apartment building located?
The property is located at 14333 32ND Seattle, WA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10 apartments: six 2bd/1ba units at approximately 1,100 SF and four 1bd/1ba units at approximately 950 SF; 12,566 SF across three stories; built in 1973; Reported cap rate of 6.20%, with 7.54% at market
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