3019 3Rd Ave Seattle, WA 98119
- Commercial real estate
- 7,460 SF
Current Use by Public Records
- Commercial real estate
Property Details for 3019 3Rd Ave
- Year built
- 1981
- Property size
- 7,460 SF
- Property type
- Commercial real estate
- APN
- 890000-0050
Description
This 10-unit apartment building in Seattle's desirable Queen Anne neighborhood presents a compelling value-add opportunity. The property, built in 1981, boasts 7,460 square feet on an 8,475 square foot lot and features a mix of eight two-bedroom and two one-bedroom units, each averaging 746 square feet. The building offers ten parking spaces (six covered, four uncovered) and ten ground-level storage units. Currently 100% vacant, this presents a unique chance to renovate all units to achieve top-of-market rents. The property's Class B designation and 6.30% cap rate indicate strong investment potential. Its prime location near Seattle Pacific University, Trader Joe's, and various restaurants, coupled with a walk score of 75, ensures high occupancy potential. Nearby parks and recreational areas further enhance its appeal. The asking price is $2,950,000. Modern systems, including electrical and plumbing, are in place. The property's address is 3019 3rd Ave W, Seattle, WA 98119, and its APN is 890000-0050. This is a rare chance to acquire a well-located, multifamily property with significant upside potential in a thriving Seattle neighborhood.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3612825
- Latitude
- 47.647213
