207 104Th St Seattle, WA 98133

This three-story, 8,928 square foot apartment building in Seattle, WA (98133), presents a compelling investment opportunity. Boasting a 100% occupancy rate and a current NOI of $161,236, this stabilized multifamily property offers a 6.00% cap rate with a pro-forma cap rate of 6.50%. The asking price is $2,650,000, translating to $294,000 per unit and $245 per square foot. The property features a mix of nine units: four two-bedroom, one-bathroom units (1,017 sq ft each) and five one-bedroom, one-bathroom units (700 sq ft each). Twelve parking spaces are available, including six covered spots. Built in 1977, the building features stucco siding, a newly replaced built-up asphalt roof, electric baseboard heating, and copper plumbing. Situated on a 0.191-acre lot, it is zoned C1-55(M), allowing for potential redevelopment up to five stories, significantly increasing future value. The property enjoys a quiet, private location yet offers convenient access to nearby amenities. Each unit features a spacious balcony and abundant natural light due to excellent westerly exposure. This is a strong investment with immediate cash flow and significant long-term potential. The property is free and clear. APN: 344200001503.