Single-Story Brick Apartment
3207 Northwest 64th Street Seattle, WA 98107
For Sale
Contact for pricing
Well-maintained single-story Roman brick veneer building with five units, including four 1-bedroom and one 2-bedroom unit.
Property Size4,287 SF
Price / SF$365.06
Days on Market66
Property Features for 3207 Northwest 64th Street
General Information
- Standard status
- Active
- Size
- 4,287 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing Agency:
Westlake Associates, Inc.
Listed By:
Curran Hagstrom · License #WA103072
Source:
Crexi
Added: May 19
Changed: Jul 22
Last Checked: Jul 23 at 2:08PM
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.
Originally constructed in 1954, the property is a well-maintained single-story Roman brick veneer apartment building featuring five spacious units: four 1-bedroom units averaging approximately 760 SF and one large 2-bedroom unit totaling approximately 1,247 SF. The layout is designed with dual east and west side entries, creating a “small home” feel. Interior updates include refreshed kitchens and bathrooms with new countertops, tile backsplashes, upgraded appliance packages, and refinished original oak hardwood floors throughout. Major capital improvements include copper plumbing supply lines, double-pane vinyl windows, and seismic retrofitting of the foundation. Additional amenities include ample off-street parking with a 1:1 parking ratio, secure common laundry facilities, and tenant storage lockers.
The property has an in-place NOI of approximately $85,000 and is offered with a stated 5.4% cap rate, supported by strong tenant retention and extensive ongoing ownership updates and maintenance.
The property has an in-place NOI of approximately $85,000 and is offered with a stated 5.4% cap rate, supported by strong tenant retention and extensive ongoing ownership updates and maintenance.
Key Highlights
- Well‑maintained single‑story Roman brick veneer building built in 1954 with 5 units: four 1‑bedroom and one 2‑bedroom.
- Unit mix includes four 1‑bedroom units averaging approx. 760 SF and one large 2‑bedroom unit totaling approx. 1,247 SF.
- Updates include renovated kitchens and bathrooms with new countertops and tile backsplashes, upgraded appliance packages, and refinished original oak hardwood floors.
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 | $136.3k | $31.80 |
| − Vacancy | −$4.8k | −$1.11 |
| EGI | $131.6k | $30.69 |
| − OpEx | −$59.2k | −$13.81 |
| NOI | $72.4k | $16.88 |
4,287 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,355 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,283 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Furbosoft
Marketing & Advertising
FAQs
What type of property is this?
Apartment building - Well-maintained single-story Roman brick veneer building with five units, including four 1-bedroom and one 2-bedroom unit.
Where is this apartment building located?
The property is located at 3207 Northwest 64th Street Seattle, WA.
What is the asking price?
The asking price for this property is $1,565,000.
What are key features of this property?
This property features: Well‑maintained single‑story Roman brick veneer building built in 1954 with 5 units: four 1‑bedroom and one 2‑bedroom.; Unit mix includes four 1‑bedroom units averaging approx. 760 SF and one large 2‑bedroom unit totaling approx. 1,247 SF.; Updates include renovated kitchens and bathrooms with new countertops and tile backsplashes, upgraded appliance packages, and refinished original oak hardwood floors.
