Seven-Unit Apartment
3056 60TH Seattle, WA 98116
For Sale
$2,650,000
Well-designed seven-unit mix of townhome-style units and flats with in-unit laundry and modernized interiors.
Property Size9,257 SF
Price / SF$286.27
Days on Market92
Property Features for 3056 60TH
General Information
- Standard status
- Active
- Size
- 9,257 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1993
Listing Agency:
Westlake Associates,Inc.
Listed By:
Collin Hagstrom
(206) 363-8509
Source:
Century21northhomes
Added: Apr 27
Changed: Jul 21
Last Checked: Jul 24 at 11:27PM
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.
Admiral 7 is a seven-unit apartment property featuring a mix of spacious townhome-style units and flats. The unit mix includes four 2-bedroom, 1.5-bath townhome-style units averaging approximately 1,000 square feet, two 2-bedroom, 1-bath flats averaging about 814 square feet, and one large 1-bedroom unit. Interiors include large living rooms with dedicated dining areas and open kitchens with modern updates. Additional highlights noted in the units include updated bathrooms, oversized closets, abundant natural light through large windows, and the convenience of in-unit laundry.
Located in North Admiral, the property is positioned to balance coastal access and neighborhood amenities. Residents are described as being just minutes from Alki Beach and also close to Admiral Junction’s groceries, cafes, and restaurants.
Overall, the property’s configuration combines townhouse-style layouts with flat-style living, supported by updated finishes and in-unit laundry across the unit mix.
Located in North Admiral, the property is positioned to balance coastal access and neighborhood amenities. Residents are described as being just minutes from Alki Beach and also close to Admiral Junction’s groceries, cafes, and restaurants.
Overall, the property’s configuration combines townhouse-style layouts with flat-style living, supported by updated finishes and in-unit laundry across the unit mix.
Key Highlights
- Seven‑unit multifamily property built in 1993 with a mix of townhome‑style units and flats
- Unit mix: four 2‑bed/1.5‑bath townhome‑style units averaging ~1,000 SF
- Unit mix: two 2‑bed/1‑bath flats averaging 814 SF and one large 1‑bedroom unit
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 | $294.4k | $31.80 |
| − Vacancy | −$10.3k | −$1.11 |
| EGI | $284.1k | $30.69 |
| − OpEx | −$127.8k | −$13.81 |
| NOI | $156.2k | $16.88 |
9,257 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.23M
$1.95M – $2.60M
NOI $156,238 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,950 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-designed seven-unit mix of townhome-style units and flats with in-unit laundry and modernized interiors.
Where is this apartment building located?
The property is located at 3056 60TH Seattle, WA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Seven‑unit multifamily property built in 1993 with a mix of townhome‑style units and flats; Unit mix: four 2‑bed/1.5‑bath townhome‑style units averaging ~1,000 SF; Unit mix: two 2‑bed/1‑bath flats averaging 814 SF and one large 1‑bedroom unit
