10-Unit Apartment
For Sale
$1,805,000
8805 14th Ave S, Seattle, WA 98108
Remodeled multifamily property with gated access, resident patios, courtyard space, laundry, storage, and on-site parking.
Property Size5,113 SF
Price / SF$353.02
Days on Market72
Property Features for 8805 14th Ave S
General Information
Standard status
Active
Size
5,113 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
10
Amenities
courtyard
patios
coin-operated laundry
storage
gated access
Building Details
Year Built
1959
Year Renovated
2019
Buildings
2
Listing Agency:
Torre Realty
Listed By:
Elena Pike
(206) 915-2399
Source:
Montgomeryht
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 15 at 1:08AM
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 Torre Realty
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Investment Insights
Based on property information with market context.
This 10-unit apartment complex includes a courtyard, patios, gated access, coin-operated laundry, storage, and on-site parking for 5 cars. The property consists of two buildings and has been fully occupied with 0% vacancy.
All units received comprehensive renovations between 2017 and 2019, including updated flooring, kitchens, bathrooms, and paint. The buildings have roof work dated 2019 and 2025, along with fresh exterior paint completed in 2024. The property also successfully passed its RRIO inspection in 2019.
Located at 8805 14th Ave S in Seattle, the property offers a maintained multifamily configuration with updated unit interiors and shared amenities.
All units received comprehensive renovations between 2017 and 2019, including updated flooring, kitchens, bathrooms, and paint. The buildings have roof work dated 2019 and 2025, along with fresh exterior paint completed in 2024. The property also successfully passed its RRIO inspection in 2019.
Located at 8805 14th Ave S in Seattle, the property offers a maintained multifamily configuration with updated unit interiors and shared amenities.
Key Highlights
- 10‑unit apartment complex with 0% vacancy
- All units remodeled between 2017‑2019 with new floors, kitchens, bathrooms, and paint
- Two buildings with roof work dated 2019 and 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,296
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,920
$1.7M
Cap Rate 7%
$1,232,800
$1.2M
Cap Rate 9%
$958,844
$958.8K
Market Conditions
NOI Build-Up for 5,113 SF
Gross rent
$162.6K $31.80/SF
− Vacancy
−$5.7K −$1.11/SF
EGI
$156.9K $30.69/SF
− OpEx
−$70.6K −$13.81/SF
NOI
$86.3K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,920
Cap Rate 7%
$1,232,800
Cap Rate 9%
$958,844
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,296 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,678 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 98108, WA
25,009
Population
9,096
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
3,380
Density / Sq Mi
$90,806
Median Household Income
$48,703
Median Earnings
$1,463
Median Rent
$693,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property with gated access, resident patios, courtyard space, laundry, storage, and on-site parking.
Where is this apartment building located?
The property is located at 8805 14th Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $1,805,000.
What are key features of this property?
This property features: 10‑unit apartment complex with 0% vacancy; All units remodeled between 2017‑2019 with new floors, kitchens, bathrooms, and paint; Two buildings with roof work dated 2019 and 2025
