1214 137Th St Seattle, WA 98133
Property size:
12,104 SF- Added:
- Dec 11, 2024
- Days on Market:
- 369
Property Features for 1214 137Th St
General Information
- Property type
- Multifamily properties
- Square Feet
- 12,104 SF
- Class
- C
Building Details
- Year Built
- 1988
- Buildings
- 1
- Stories
- 4
- Units
- 12
HighLights
- Value‑add opportunity: 12‑unit multifamily property built in 1988 with rents averaging $126 below market, offering significant upside potential through renovations.
- Ideal unit mix: 12 units averaging 754 sq ft, featuring one- and two‑bedroom layouts with fireplaces, balconies, common laundry, and a 1:1 parking ratio (8 covered, 4 surface).
- Prime location: Situated between Highway 99 and I‑5, providing easy access to major employment centers.
- Proximity to major employers: Convenient access to University of Washington, Amazon, Boeing, Google, Apple, Expedia, and Meta.
- Excellent transit access: A nearby bus stop offers frequent service to downtown Seattle via the RapidRide E Line.
- Strong submarket fundamentals: North Seattle/Shoreline submarket boasts $1,790 average effective rent (Q3 2024) with projected 1.9% annual growth.
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3429917338
- Latitude
- 47.728680163282
Nearby Similar for Sale
FAQs
Where is this multifamily property located?
The property is located at 1214 137Th St Seattle, WA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Value-add opportunity: 12-unit multifamily property built in 1988 with rents averaging $126 below market, offering significant upside potential through renovations.; Ideal unit mix: 12 units averaging 754 sq ft, featuring one- and two-bedroom layouts with fireplaces, balconies, common laundry, and a 1:1 parking ratio (8 covered, 4 surface).; Prime location: Situated between Highway 99 and I-5, providing easy access to major employment centers.
