Apartment Building with Rooftop
8820 Aurora Ave N, Seattle, WA 98103
For Sale
Contact for pricing
Urban multifamily property with compact studio and one-bedroom residences, elevator service, controlled entry, and resident laundry facilities.
Property Size25,241 SF
Price / SF$388.85
Days on Market72
Property Features for 8820 Aurora Ave N
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Amenities
granite countertops
plank flooring
stainless appliances
controlled-access entry
bike storage
rooftop deck space
laundry facilities
pet friendly policies
Listing Agency:
Capstone Commercial Real Estate Advisors
(206) 324-9427
Listed By:
David Dynes · License WA #112381
(206) 965-5859
Source:
Moodyscre
Added: Sep 4
Changed: Nov 9
Last Checked: Nov 12 at 9:08AM
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 Capstone Commercial Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Midtown Flats is a 25,241-square-foot apartment building at 8820 Aurora Ave N in Seattle. The community is primarily configured with studio and one-bedroom residences and includes granite countertops, plank flooring, stainless appliances, elevator access, controlled-entry systems, bike storage, laundry facilities, and rooftop deck space. Pet-friendly policies are also in place, and the property is currently owner-occupied.
The building is positioned in Seattle’s North College Park / Licton Springs area, near Green Lake and Northgate. Aurora Avenue, identified as Highway 99, provides a north-south connection to Downtown Seattle, Fremont, South Lake Union, and Northgate. Public transportation includes service from the RapidRide E Line. Green Lake Park, North Seattle College, neighborhood retail, restaurants, coffee shops, and breweries are among the surrounding amenities, with Northgate’s redevelopment area accessible by a short drive or bus ride.
The building is positioned in Seattle’s North College Park / Licton Springs area, near Green Lake and Northgate. Aurora Avenue, identified as Highway 99, provides a north-south connection to Downtown Seattle, Fremont, South Lake Union, and Northgate. Public transportation includes service from the RapidRide E Line. Green Lake Park, North Seattle College, neighborhood retail, restaurants, coffee shops, and breweries are among the surrounding amenities, with Northgate’s redevelopment area accessible by a short drive or bus ride.
Key Highlights
- 25,241‑square‑foot apartment building at 8820 Aurora Ave N, Seattle, WA 98103
- Primarily studio and one‑bedroom apartment residences
- Rooftop deck, elevator access, bike storage, and resident laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$402,716
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,054,320
$8.1M
Cap Rate 7%
$5,753,086
$5.8M
Cap Rate 9%
$4,474,622
$4.5M
Market Conditions
NOI Build-Up for 25,241 SF
Gross rent
$772.4K $30.60/SF
− Vacancy
−$40.2K −$1.59/SF
EGI
$732.2K $29.01/SF
− OpEx
−$329.5K −$13.05/SF
NOI
$402.7K $15.95/SF
Area
ZIP 98103
Vacancy
5.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,054,320
Cap Rate 7%
$5,753,086
Cap Rate 9%
$4,474,622
Alternative Uses
Best Use
Apartment 5plus
$5.75M
$5.03M – $6.71M
NOI $402,716 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.20M
$8.93M – $11.90M
NOI $714,219 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Seattle, WA
Properties on Market for Apartment buildings in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Urban multifamily property with compact studio and one-bedroom residences, elevator service, controlled entry, and resident laundry facilities.
Where is this apartment building located?
The property is located at 8820 Aurora Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $9,815,000.
What are key features of this property?
This property features: 25,241‑square‑foot apartment building at 8820 Aurora Ave N, Seattle, WA 98103; Primarily studio and one‑bedroom apartment residences; Rooftop deck, elevator access, bike storage, and resident laundry facilities
