Capitol Hill Apartment Building
1718 Melrose Ave, Seattle, WA 98122
52-unit apartment building in Seattle's Capitol Hill neighborhood.
Type:Commercial
- Added:
- Jul 1, 2025
- Days on Market:
- 325
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 1718 Melrose Ave
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing agent STEVEN CHATTIN
Listing office BERKADIA REAL ESTATE ADVISORS, LLC
Listing date Jul 1, 2025
Source Corcoran
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 BERKADIA REAL ESTATE ADVISORS, LLC
HighLights
- Prime location in Capitol Hill near Denny Triangle, offering direct access to Downtown Seattle, Retail Core, and South Lake Union.
- Proximity to major employers like Amazon, Google, and Meta, with over 336,000 employees nearby.
- Significant rent increase potential, with current rents 22% below market value in an affluent submarket.
- 52 units with a mix of studios, one‑bedroom, and two‑bedroom apartments.
- Each unit includes a private balcony and in‑unit washer and dryer.
- Secured parking, providing a competitive advantage over many new constructions.
Overview
The Crest Apartments, located in Seattle’s Capitol Hill neighborhood, presents an investment opportunity. The property has been owner-operated for 25 years. Situated near the Denny Triangle, it provides access to Downtown Seattle, the Retail Core, and South Lake Union. The location offers proximity to major offices such as Amazon, Google, and Meta, and over 336,000 employees. The property features 52 units, including studios, one-bedroom, and two-bedroom apartments. Each unit includes a private balcony and an in-unit washer and dryer. Constructed with reinforced brick masonry, The Crest is positioned in an affluent submarket with potential for rent increases, as current rents are reportedly 22% below market value. The property offers secured parking.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Crest Apartments
Apartment Building
Happy Host catering ...
Association Or Organization
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.328
- Latitude
- 47.6176
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 52-unit apartment building in Seattle's Capitol Hill neighborhood.
Where is this apartment building located?
The property is located at 1718 Melrose Ave Seattle, WA.
What is the asking price?
The asking price for this property is $14,200,000.
What are key features of this property?
This property features: Prime location in Capitol Hill near Denny Triangle, offering direct access to Downtown Seattle, Retail Core, and South Lake Union.; Proximity to major employers like Amazon, Google, and Meta, with over 336,000 employees nearby.; Significant rent increase potential, with current rents 22% below market value in an affluent submarket.
