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West Seattle Multifamily Investment Opportunity
For Sale
$2,495,000

8849 35th Ave SW, Seattle, WA 98126

Value-add multifamily property in desirable West Seattle location.

Property SizeContact for details
Days on Market613

Property Features for 8849 35th Ave SW

General Information

Standard status Active

Building Details

Year Built 1958
Listing Agency: THE MOGHAREBI GROUP
Listed By: RYAN KIDWELL
Source: Corcoran
Added: Dec 12, 2024 Changed: Mar 16 Last Checked: Jul 23 at 8:37AM

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 THE MOGHAREBI GROUP

Investment Insights

Based on property information with market context.

This multifamily property is located in West Seattle (Westwood). It presents a value-add opportunity, featuring 3 fully renovated units, 6 partially upgraded units, and 4 units in classic condition. The property benefits from its location half a mile from Westwood Village, a regional retail center offering over 356,000 square feet of grocery, shopping, and dining options. The immediate vicinity provides convenient access to amenities such as a coffee shop, restaurants, and a public library.

Key Highlights

  • Great West Seattle (Westwood) location.
  • Half a mile from Westwood Village (regional retail center).
  • Excellent amenities in immediate vicinity (coffee shop, restaurants, public library).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Building Supply Big Box & Wholesale Store Barber Shop Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

608
Businesses Nearby

Demographics for 98126, WA

23,727
Population
10,824
Households
2.2
Avg Household Size
38
Median Age
60%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,654
Density / Sq Mi
$114,030
Median Household Income
$73,642
Median Earnings
$1,708
Median Rent
$751,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Value-add multifamily property in desirable West Seattle location.
Where is this apartment building located?
The property is located at 8849 35th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Great West Seattle (Westwood) location.; Half a mile from Westwood Village (regional retail center).; Excellent amenities in immediate vicinity (coffee shop, restaurants, public library).
More about this property
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