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Central District 6 Unit

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Central District 6 Unit

711 21st Ave, Seattle, WA 98122
Multi-Family For Sale Pending Cap Rate 5.36% Built 1900 3 floors Zoning: NR3
Asking Price
$1,995,000
Total Building6,036 SF
Available5,835 SF avail
Land7,405 SF land
Parking Total6
& Uncov.
ConstructionFramed,Wood
MarketCapitol Hill/First Hill
CountyKing

Read Overview
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Overview

Property ID
136410
Listing ID
700897
Type
Multi-Family
Asset Class
Multi-Family
Zoning
NR3

Description

Rare Central District 6-Unit w/ Upside + LR2 Rezone PotentialExciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 8.16%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.

Listing Courtesy of:

RJ
Reid Jones
Westlake Associates, Inc.
1200 Westlake Ave N S310,
Seattle, WA 98109
State: WA City: Seattle ZIP: 98122 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.