Turnkey Fourplex with 1-Bed
2258 14TH AVE W Seattle, WA 98119
For Sale
Contact for pricing
Four turnkey one-bedroom units with hardwood floors, dishwashers, and off-street parking.
Property Size2,800 SF
Price / SF$410.71
Days on Market83
Property Features for 2258 14TH AVE W
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
Westlake Associates, Inc.
(206) 250-9655
Listed By:
Reid Jones · License #87080
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Jul 26 at 3:30AM
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 Westlake Associates, Inc.
Investment Insights
Based on property information with market context.
This turnkey fourplex offers four one-bedroom units with hardwood floors throughout. Each unit includes a dishwasher, and Unit 4 features an in-unit washer and dryer. The property also includes large basement storage accessible to all tenants, plus off-street parking and a fenced backyard.
Zoned LR3(M), the building is currently configured as a four-unit residential property with redevelopment optionality noted in the remarks. The asset has been held under single ownership for over three decades and is described as first time on the market in 33 years.
Location highlights include proximity to Metro Route 2 and the RapidRide D Line, as well as Seattle Center, Climate Pledge Arena, and Kerry Park. The surrounding area includes dining and retail, supporting ongoing demand for residential tenancy.
Zoned LR3(M), the building is currently configured as a four-unit residential property with redevelopment optionality noted in the remarks. The asset has been held under single ownership for over three decades and is described as first time on the market in 33 years.
Location highlights include proximity to Metro Route 2 and the RapidRide D Line, as well as Seattle Center, Climate Pledge Arena, and Kerry Park. The surrounding area includes dining and retail, supporting ongoing demand for residential tenancy.
Key Highlights
- West Queen Anne fourplex built in 1910 with four 1‑bedroom units
- Hardwood floors throughout and dishwashers in every unit
- Unit 4 includes an in‑unit washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $27.00 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $72.2k | $25.79 |
| − OpEx | −$21.7k | −$7.74 |
| NOI | $50.5k | $18.05 |
2,800 SF · lease $27.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$722.0K
$631.7K – $842.3K
NOI $50,539 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$675.1K
$590.7K – $787.6K
NOI $47,258 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$842.4K
$737.1K – $982.8K
NOI $58,967 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four turnkey one-bedroom units with hardwood floors, dishwashers, and off-street parking.
Where is this quadplex located?
The property is located at 2258 14TH AVE W Seattle, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: West Queen Anne fourplex built in 1910 with four 1‑bedroom units; Hardwood floors throughout and dishwashers in every unit; Unit 4 includes an in‑unit washer and dryer
