Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7060 Lincoln Park Way SW Seattle, WA 98136

    For Sale
    $6,950,000

    24-unit apartment building near Lincoln Park with rental upside.

    Property size:
    19,340 SF

    Property Features for 7060 Lincoln Park Way SW

    General Information

    Size
    19,340 SF

    Building Details

    Year built
    1968

    Source: PARAGON REAL ESTATE ADVISORS Agent TANNER FOGLE

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

    Overview

    West Seattle Multifamily Investment Opportunity

    The Halcyon Apartments present a rare investment opportunity, featuring a 24-unit multifamily asset in the Lincoln Park neighborhood of West Seattle. Constructed in 1968, the property is located steps from Lowman Beach, the Puget Sound waterfront, and Lincoln Park. The property, totaling 19340 square feet, has undergone extensive capital improvements within the last 6 years. The apartments feature spacious layouts, in-unit washer and dryers, private decks for the majority of units, generous living and dining areas, abundant unit storage, and full kitchens equipped with dishwashers and ranges. The property is well-positioned for a new owner to take advantage of strong immediate rental upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Halcyon Apartments Apartment Building Harmonic Oasis Reiki Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3946899
    Latitude
    47.5398619

    Nearby Similar for Sale

    • $1,095,000
      2,630 SF

      Queen Anne Vacant Triplex

      Classic triplex in desirable Queen Anne neighborhood, delivered fully vacant.
      605 W Emerson St, Seattle, WA 98119
      View Details
    • $1,295,000
      4,150 SF

      Greenwood Multifamily Investment Opportunity

      Well-maintained six-unit apartment building in a desirable Seattle neighborhood.
      719 N 85Th St, Seattle, WA 98103
      View Details
    • $2,000,000
      6,534 SF

      Beacon Hill Apartment Community

      Nine-unit apartment community in Seattle's Beacon Hill neighborhood.
      1746 S Hanford St, Seattle, WA 98144
      View Details
    • $3,495,000
      15,117 SF

      Mixed-Use Building Near Light Rail

      Mixed-use building with value-add potential near Mt. Baker.
      3208 Rainier Ave S, Seattle, WA 98144
      View Details
    • $3,800,000

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with high-rise redevelopment potential.
      2200-2204 1St Ave, Seattle, WA 98109
      View Details
    • $3,800,000
      8,330 SF

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with redevelopment potential.
      2200 1St Ave, Seattle, WA 98121
      View Details

    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment building near Lincoln Park with rental upside.
    Where is this apartment building located?
    The property is located at 7060 Lincoln Park Way SW Seattle, WA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - Prime location in West Seattle's Lincoln Park neighborhood, steps from Lowman Beach, Puget Sound waterfront, and Lincoln Park.; - 24-unit multifamily asset offering significant scale.; - Significant rental upside potential in a desirable rental market.
    Request Owner's contact information
    7060 Lincoln Park Way SW Seattle, WA 98136
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7060 Lincoln Park Way SW
    Seattle, WA 98136
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7060 Lincoln Park Way SW Seattle, WA 98136
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.