2633 14th Avenue West, Seattle, WA 98119
31-unit Seattle community with studio through penthouse mix, partial LVP flooring updates, and recent capital improvements.
- Added:
- May 27, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 6 at 3:47 am
Property Features for 2633 14th Avenue West
General Information
- Standard status
- Active
- Size
- 23,900 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing office Paragon Real Estate Advisors
Listing date May 27, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Paragon Real Estate Advisors
HighLights
- 31‑unit multifamily community in Seattle’s Interbay/Queen Anne area
- Unit mix includes studios, 1‑bedroom, 2‑bedroom, and a penthouse unit
- Built in 1963
- Over $225K in capital improvements made over the last couple of years
- About 50% of units have had flooring replaced with LVP
- Seller financing available for qualified buyers: 5% interest‑only, 25% down, 5‑year term
Overview
Located in Seattle’s Interbay/Queen Anne area, Golfcrest benefits from a diversified unit mix intended to serve a broad tenant base. Seller financing is available for qualified buyers, with proposed terms of 5% interest-only, 25% down, and a 5-year term.
For investors or buyers looking to align near-term improvements with a targeted unit refresh, the property’s partial flooring completion and identified kitchen and bathroom improvement scope can support a renovation-focused strategy. With recent capital work already completed and financing available, Golfcrest may fit buyers seeking a structured path to further enhance the remaining units.
Local Financial Insights For Apartment 5plus
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 | $760.0k | $31.80 |
| − Vacancy | −$26.6k | −$1.11 |
| EGI | $733.4k | $30.69 |
| − OpEx | −$330.0k | −$13.81 |
| NOI | $403.4k | $16.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3751075
- Latitude
- 47.6440801
