New Construction Multifamily Apartment
For Sale
$4,500,000
6318 41ST Unit A-F, Seattle, WA 98136
New construction multifamily building with a rooftop deck and off-street parking with EV chargers.
Property Size8,664 SF
Price / SF$519.39
Days on Market58
Property Features for 6318 41ST Unit A-F
General Information
Standard status
Active
Size
8,664 SF
Property subtype
Multi-family
Building Details
Year Built
2026
Listing Agency:
Columbia Partners Real Estate
Listed By:
Mark Caldwell
(206) 363-8509
Source:
Century21northhomes
Added: Jun 3
Changed: Jul 25
Last Checked: Jul 30 at 5:29PM
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 Columbia Partners Real Estate
Investment Insights
Based on property information with market context.
New construction multifamily apartment building at 6318 41st, Unit A-F in Seattle, WA, offered for sale with six tax parcels included in one building. The design combines open floorplans with floor-to-ceiling windows, and includes multiple efficiency and comfort features such as Mitsubishi in-ceiling ductless heating/cooling, dual Panasonic energy recovery ventilators, HE hybrid recirculating hot water, and heated tile floors. Residences also feature primary suites with dual walk-in closets, custom built-in closet systems, dual sink vanities, and custom shower tile/glass. A rooftop deck provides views of Puget Sound and the Olympic Mountains, and off-street parking includes EV chargers.
The property is positioned in West Seattle’s Morgan Junction area, described as steps from dining, coffee, craft beers, Zeek’s Pizza, and West Seattle Town & Country/Thriftway. The remarks also note nearby access to Lincoln Park for hiking and biking, along with the Colman Saltwater Pool.
The property is positioned in West Seattle’s Morgan Junction area, described as steps from dining, coffee, craft beers, Zeek’s Pizza, and West Seattle Town & Country/Thriftway. The remarks also note nearby access to Lincoln Park for hiking and biking, along with the Colman Saltwater Pool.
Key Highlights
- New construction multifamily building (Year built: 2026) with rooftop deck and off‑street parking
- 6 tax parcels with one building
- Rooftop deck with commanding Puget Sound and Olympic Mountain views
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 | $275.5k | $31.80 |
| − Vacancy | −$9.6k | −$1.11 |
| EGI | $265.9k | $30.69 |
| − OpEx | −$119.6k | −$13.81 |
| NOI | $146.2k | $16.88 |
8,664 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,230 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,461 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 98136, WA
16,424
Population
8,295
Households
2
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,141
Density / Sq Mi
$153,636
Median Household Income
$85,279
Median Earnings
$1,917
Median Rent
$900,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction multifamily building with a rooftop deck and off-street parking with EV chargers.
Where is this apartment building located?
The property is located at 6318 41ST Unit A-F Seattle, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: New construction multifamily building (Year built: 2026) with rooftop deck and off‑street parking; 6 tax parcels with one building; Rooftop deck with commanding Puget Sound and Olympic Mountain views
