1214 N 137th St Seattle, WA 98133
Renovated 12-unit property near Northgate Light Rail Station.
Type:Multifamily
Property size:
12,104 SFPrice / SF:
$227/SF- Added:
- Oct 10, 2024
- Days on Market:
- 568
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1214 N 137th St
General Information
- Standard status
- Active
- Size
- 12,104 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1988
Listing agent Chad Blenz License #WA 125100
Listing office Berkadia
Listing date Oct 10, 2024
Source Crexi
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 Berkadia
Overview
North Seattle Multifamily Investment Opportunity
Dynasty Manor is a 12-unit multifamily property located in North Seattle. Constructed in 1988 and recently renovated, the property consists of one four-story building. The unit mix includes one- and two-bedroom units, averaging 754 square feet. Situated less than 10 miles from downtown, the property offers convenient access to retail and lifestyle amenities, along with employment opportunities throughout the Puget Sound. The property is located minutes from the Northgate Light Rail Station, the $80 million headquarters and practice facility for the Seattle Kraken, and the redevelopment underway at Northgate Mall. While most units have been partially upgraded in recent years, there is an opportunity for new ownership to implement a value-add program. This includes upgrading the remaining classic units and further enhancing the partially renovated units. The property has in-place rents that are $130 below the average market rate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3430063
- Latitude
- 47.7289251
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated 12-unit property near Northgate Light Rail Station.
Where is this apartment building located?
The property is located at 1214 N 137th St Seattle, WA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime location near Northgate Light Rail Station, Seattle Kraken headquarters, and Northgate Mall redevelopment.; Value‑add opportunity through upgrading remaining classic units and further improving partially renovated units.; Significant rental upside with in‑place rents averaging $130 below market rate.
