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    8500 32Nd Ave NW Seattle, WA 98117

    For Sale
    $2,850,000

    Well-maintained multifamily property in Seattle's desirable Sunset Hill neighborhood.

    Property size:
    9,720 SF

    Property Features for 8500 32Nd Ave NW

    General Information

    Size
    9,720 SF

    Building Details

    Year built
    1957

    Source: MARCUS & MILLICHAP, INC. Agent RYAN DINIUS

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

    Overview

    Sunset Hill Multifamily Investment Opportunity

    Sunset Plaza is located in the charming Sunset Hill neighborhood, known for its views of the Puget Sound and Olympic Mountains. Originally constructed in 1957, Sunset Plaza has been carefully and well maintained and presents investors an opportunity to further enhance the community. The property is comprised of seven 779 square foot two-bedroom one-bath units, two 1,070 square foot two-bedroom one-bath units, and one 2,130 square foot three-bedroom two-and-a-half-bath unit. The property offers a great range of living spaces that have strong historical occupancy. Sunset Hill is a quiet, residential pocket nestled within the larger Ballard neighborhood of Seattle, known for its stunning views of Puget Sound, the Olympic Mountains, and breathtaking sunsets that give the area its name. Characterized by tree-lined streets, charming single-family homes, and a strong sense of community, Sunset Hill provides a peaceful and family-friendly atmosphere.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm 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
    -122.3981619
    Latitude
    47.6907941

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained multifamily property in Seattle's desirable Sunset Hill neighborhood.
    Where is this apartment building located?
    The property is located at 8500 32Nd Ave NW Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - Located in Sunset Hill, known for Puget Sound and Olympic Mountain views.; - Strong historical occupancy.; - Offers a range of unit sizes: **two-bedroom and three-bedroom options**.
    Request Owner's contact information
    8500 32Nd Ave NW Seattle, WA 98117
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    Seattle, WA 98117
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    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
    8500 32Nd Ave NW Seattle, WA 98117
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