44-Unit Apartment
For Sale
$4,500,000
1811 20th Avenue, Seattle, WA 98122
A 2015-built Seattle property pairs varied residential layouts with shared rooftop, kitchen, and laundry amenities.
Property Size10,855 SF
Price / SF$414.56
Days on Market36
Property Features for 1811 20th Avenue
General Information
Standard status
Active
Size
10,855 SF
Property subtype
Multi Family
Financials
Asking Price
$4,500,000
Cap Rate
6.34%
Additional Details
Public Transit
Yes
Multifamily Units
44
Amenities
rooftop deck
shared kitchen
laundry
Building Details
Year Built
2015
Listing Agency:
Kidder Mathews
Listed By:
Max Frame · License #130533
(360) 705-2800
Source:
Dulayhomes
Added: Oct 2
Changed: Nov 5
Last Checked: Nov 6 at 7:15AM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
At 1811 20th Avenue, this Seattle apartment property contains 44 homes and was completed in 2015. Its residential mix includes SEDUs, studios, one-bedroom units, and live/work lofts. Interior features include modern finishes, large windows, stainless steel appliances, and efficient floorplans. Shared amenities comprise a rooftop deck with city views, a community kitchen, and laundry facilities.
The property is in Madison Valley, near Capitol Hill and Downtown Seattle, as well as dining, retail, employment centers, and transit. Current operations are associated with a 6.34% cap rate.
The property is in Madison Valley, near Capitol Hill and Downtown Seattle, as well as dining, retail, employment centers, and transit. Current operations are associated with a 6.34% cap rate.
Key Highlights
- 44 residential units across SEDU, studio, one‑bedroom, and live/work loft layouts
- Built in 2015
- Rooftop deck offers city views, with a shared kitchen and laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,209
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,664,180
$3.7M
Cap Rate 7%
$2,617,271
$2.6M
Cap Rate 9%
$2,035,656
$2.0M
Market Conditions
NOI Build-Up for 10,855 SF
Gross rent
$345.2K $31.80/SF
− Vacancy
−$12.1K −$1.11/SF
EGI
$333.1K $30.69/SF
− OpEx
−$149.9K −$13.81/SF
NOI
$183.2K $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%
$3,664,180
Cap Rate 7%
$2,617,271
Cap Rate 9%
$2,035,656
Alternative Uses
Best Use
Apartment 5plus
$2.62M
$2.29M – $3.05M
NOI $183,209 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,603 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
3,957
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 - A 2015-built Seattle property pairs varied residential layouts with shared rooftop, kitchen, and laundry amenities.
Where is this apartment building located?
The property is located at 1811 20th Avenue Seattle, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 44 residential units across SEDU, studio, one‑bedroom, and live/work loft layouts; Built in 2015; Rooftop deck offers city views, with a shared kitchen and laundry facilities
