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16 Valley St Seattle, WA 98109

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For Sale
$6,995,000

23-unit apartment community in Seattle's desirable Queen Anne neighborhood.

Type:Multifamily
Added:
Mar 4, 2026
Days on Market:
33
Last Refresh:
Apr 1 at 9:29 pm

Property Features for 16 Valley St

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1928

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Listing Contact
Candice Chevaillier, CCIM
Candice Chevaillier, CCIM

Listing agent Candice Chevaillier, CCIM

Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

Listing date Mar 4, 2026

Source Lee-associates

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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES


Overview

Queen Anne Multifamily Investment

The Ella Robert is a 23-unit apartment community located in the Queen Anne neighborhood of Seattle. Constructed in 1928, the building combines architectural character with modernization, offering residents a living experience that pairs charm with amenities. Positioned on the south slope of Queen Anne Hill, the property offers an urban lifestyle defined by walkability and convenience, supported by a Walk Score of 96. Proximity to transit lines and major regional corridors enhances connectivity. The property has a 2020 roof replacement, updated plumbing, and a well-maintained elevator. Over $1.1 million in capital improvements have been made, with the majority of units renovated featuring in-unit laundry. The building has a penthouse unit, currently rented, but previously used as an Airbnb unit. In-place rents remain below market, with opportunity to enhance NOI through continued rent optimization and streamlined expense management. Select units offer Space Needle and Mount Rainier views and Elliott Bay water views.
Location Intelligence

Current Use by Public Records

Queen Anne Apartments Apartment Building

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.356
Latitude
47.6267

FAQs

What type of property is this?
Apartment building - 23-unit apartment community in Seattle's desirable Queen Anne neighborhood.
Where is this apartment building located?
The property is located at 16 Valley St Seattle, WA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Highly desirable Queen Anne location with a Walk Score of 96, offering an exceptional urban lifestyle.; Trophy property with select units offering VIEWS of Downtown, Space Needle, Mount Rainier, and Elliott Bay.; Modernized vintage character, originally built in 1928 with a 2020 roof replacement.
More about this property
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