605 Denny Way Seattle, WA 98122
- Commercial real estate
Current Use by Public Records
- Winchester Apartments / Apartment Building
Property Details for 605 Denny Way
- Year built
- 1927
- Property type
- Commercial real estate
Description
This classic 1927, five-story brick building, located at 605 E Denny Way in Seattle's Capitol Hill neighborhood (98122), presents a unique investment opportunity. The 15,325 square foot property boasts 30 units, offering a mix of studio, one-bedroom, and two-bedroom floor plans. Each apartment features desirable amenities including high ceilings, original hardwood floors, ample natural light, walk-in closets, built-in storage, and breakfast nooks. Building features include secure access, an elevator, laundry facilities, resident storage lockers, bike storage, and a custodian's shop/storage room. The property is zoned MR (M) and has a strong occupancy history, promising future rent growth and appreciation potential. The asking price is $5,395,000, representing a price per unit of $179,833.33 and a 5.13% cap rate with a Net Operating Income (NOI) of $276,997. Seller financing may be available for qualified buyers. This meticulously maintained building offers a chance to own a piece of Seattle history in a prime rental location. The building's excellent condition and desirable features make it an attractive investment for discerning buyers seeking strong returns and long-term appreciation.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3236641
- Latitude
- 47.6182652
