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Westward Apartments

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Westward Apartments

2350 Beacon Ave S, Seattle, WA 98144
Multi-Family,Land For Sale Available Built 1958 3 floors Zoning: LR3(M2)
Asking Price
$4,700,000
Total Building9,900 SF
Land34,911 SF land
MarketS. Seattle
CountyKing

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Overview

Property ID
135227
Listing ID
703072
Type
Multi-Family
Asset Class
Multi-Family,Land
Zoning
LR3(M2)

Description

We are pleased to present Westward Apartments, a 16-unit multifamily asset located in Seattle’s Beacon Hill neighborhood. Built in 1958 and fully renovated in 2016, the property offers a mix of one- and two-bedroom units with updated finishes and modernized building systems. The asset totals 9,900 SF across two stories on a 0.24-acre lot zoned LR3 (M2), providing both stable in-place cash flow and long-term redevelopment potential. With 100% occupancy, current in-place rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward’s North Beacon Avenue location offers residents walkable access to transit, neighborhood amenities, and proximity to major employment hubs, including Downtown Seattle, South Lake Union, and the Univers

Listing Courtesy of:

JE
Jason Elrod
Urban Commercial Partners, LLC
2811 E. Madison St., Ste. 204,
Seattle, WA 98112
State: WA City: Seattle ZIP: 98144 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.