6-Unit Apartment
For Sale
Contact for pricing
Pending
628 34th Ave, Seattle, WA 98122
Six residential units provide an established multifamily configuration near Madrona’s retail and restaurant core.
Property SizeContact for details
Days on Market143
Property Features for 628 34th Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Listing Agency:
Cushman & Wakefield - Seattle, Washington
Listed By:
Adam Groberman · License #20108435
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 31 at 10:43PM
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 Cushman & Wakefield - Seattle, Washington
Investment Insights
Based on property information with market context.
This six-unit multifamily property at 628 34th Ave is positioned for an ownership strategy centered on apartment modernization and rent management. Current in-place rents are described as below market, while prior ownership has focused on maintaining occupancy. Renovating unit interiors and adjusting rates as apartments turn over are identified as ways to improve cash flow, with an estimated additional $350 per month per unit cited in the property information.
The property is located three blocks from Madrona’s retail core, including Red Cow Brasserie, Vendemmia, and Bottlehouse. The surrounding area is zoned for single-family use, limiting the prospect of nearby multifamily competition. Central Seattle rents were reported to have increased 10.4% year over year, with a further 7.3% rise projected for 2022.
The property is located three blocks from Madrona’s retail core, including Red Cow Brasserie, Vendemmia, and Bottlehouse. The surrounding area is zoned for single-family use, limiting the prospect of nearby multifamily competition. Central Seattle rents were reported to have increased 10.4% year over year, with a further 7.3% rise projected for 2022.
Key Highlights
- Six‑unit multifamily property at 628 34th Ave
- Below‑market in‑place rents identified in the property information
- Interior modernization opportunity across the apartment units
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 98122, WA
41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Six residential units provide an established multifamily configuration near Madrona’s retail and restaurant core.
Where is this multifamily property located?
The property is located at 628 34th Ave Seattle, WA.
What are key features of this property?
This property features: Six‑unit multifamily property at 628 34th Ave; Below‑market in‑place rents identified in the property information; Interior modernization opportunity across the apartment units
