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608 Emerson St Seattle, WA 98119

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For Sale
$2,875,000

Vacant 10-unit property in prime Queen Anne location.

Property size:
7,650 SF

Property Features for 608 Emerson St

General Information

Size
7,650 SF

Building Details

Year built
1975
Source: Corcoran

Listing Agent: Steve Fischer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Queen Anne Multifamily Investment Opportunity

This multifamily property, located on W Emerson St in North Queen Anne, is within walking distance of Seattle Pacific University. The property is being delivered 100% vacant, presenting an opportunity to renovate all 10 units. The building features a mix of 2-bedroom and 3-bedroom units, totaling 7,650 net rentable square feet. The property includes a laundry facility, balconies with views, 9 parking spaces, mature landscaping, and storage space. All units were renovated in 2016, including updated kitchens.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.3653418
Latitude
47.6512175

FAQs

What type of property is this?
Apartment building - Vacant 10-unit property in prime Queen Anne location.
Where is this apartment building located?
The property is located at 608 Emerson St Seattle, WA.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: - Attractive Price: Stabilizes to a 7.42% cap on cost and a 9.42% cash on cash return at $2.875M.; - Property Delivered Vacant: Excellent opportunity to renovate all 10 units and achieve higher rents.; - Prime Queen Anne Location: Located in North Queen Anne, walking distance from Seattle Pacific University.
More about this property
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