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Queen Anne Multifamily Investment
For Sale
$2,900,000
Pending

2222 Gilman Dr W, Seattle, WA 98119

14-unit apartment building in desirable West Queen Anne neighborhood.

Property SizeContact for details
Days on Market427

Property Features for 2222 Gilman Dr W

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1960
Listing Agency: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Listed By: CANDICE CHEVAILLIER, CCIM
Source: Corcoran
Added: Jun 20, 2025 Changed: Aug 10 Last Checked: Jul 23 at 8:47AM

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

Investment Insights

Based on property information with market context.

Gilman West presents an opportunity to acquire a 14-unit apartment asset in Seattle's West Queen Anne neighborhood. Constructed in 1960, the property features six 1-bedroom units and eight 2-bedroom units, with an average unit size of 787 square feet. The property is located within walking distance of Interbay retail, including Whole Foods, Petco, and QFC, and benefits from proximity to the amenities of McGraw St and Queen Anne Avenue N. The layouts and natural light provide a foundation for renovation to enhance tenant appeal and drive rental growth.

Key Highlights

  • Prime location in desirable West Queen Anne, Seattle.
  • Walkable proximity to Interbay retail (Whole Foods, Petco, QFC).
  • Features a mix of six 1‑bedroom and eight 2‑bedroom units.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Food Market Accounting Firm (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

903
Businesses Nearby

Demographics for 98119, WA

26,238
Population
15,323
Households
1.7
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
10,933
Density / Sq Mi
$125,021
Median Household Income
$74,038
Median Earnings
$1,963
Median Rent
$1,032,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 14-unit apartment building in desirable West Queen Anne neighborhood.
Where is this apartment building located?
The property is located at 2222 Gilman Dr W Seattle, WA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime location in desirable West Queen Anne, Seattle.; Walkable proximity to Interbay retail (Whole Foods, Petco, QFC).; Features a mix of six 1‑bedroom and eight 2‑bedroom units.
More about this property
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