Lower Queen Anne
310 Aloha St Seattle, WA 98109
310 Aloha St, Seattle, WA, 98109
$2,500,000
For Sale
$2,500,000
Renovated 10-unit apartment building in Lower Queen Anne.
Property Size5,646 SF
Lot Size0.14 Acres
Price / SF$442.79
Days on Market160
Property Features for 310 Aloha St
General Information
- Standard status
- Active
- Size
- 5,646 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1909
Listing agency
PROLINK REALTY, LLC
(425) 233-8906
Listed by
DONALD TSAI
Source
Corcoran
Added: Feb 12 Updated: Jul 6 at 10:00AM Checked: Jul 21 at 10:56AM
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 PROLINK REALTY, LLC
Investment Insights
Based on property information with market context.
This well-maintained and extensively renovated 10-unit apartment building is located in the Lower Queen Anne neighborhood. Situated on a 6,000 SF lot, the property is zoned LR3 (M). The building is a short walk from downtown, Belltown, the waterfront, and South Lake Union. Lower Queen Anne is a walkable and vibrant area with green spaces, cafes, restaurants, and shops. The neighborhood offers access to public transit. Building amenities include views of the Space Needle and shared on-site coin-operated laundry facilities. HVAC heating and air conditioning were installed in three units in 2023. The property caters to a variety of renter preferences.
Key Highlights
- Prime Location in Lower Queen Anne, offering easy access to downtown, Belltown, the waterfront, and South Lake Union.
- Strong Investment Potential: Well‑maintained 10‑unit apartment building on a 6,000 SF lot zoned LR3 (M).
- Walkable and Vibrant Neighborhood: Lower Queen Anne features numerous green spaces, cafes, restaurants, and shops.
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 | $179.5k | $31.80 |
| − Vacancy | −$6.3k | −$1.11 |
| EGI | $173.3k | $30.69 |
| − OpEx | −$78.0k | −$13.81 |
| NOI | $95.3k | $16.88 |
5,646 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,292 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,903 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Karina McKinney Photography
Marketing & Advertising
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FAQs
What type of property is this?
Apartment building - Renovated 10-unit apartment building in Lower Queen Anne.
Where is this apartment building located?
The property is located at 310 Aloha St Seattle, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime Location in Lower Queen Anne, offering easy access to downtown, Belltown, the waterfront, and South Lake Union.; Strong Investment Potential: Well‑maintained 10‑unit apartment building on a 6,000 SF lot zoned LR3 (M).; Walkable and Vibrant Neighborhood: Lower Queen Anne features numerous green spaces, cafes, restaurants, and shops.
