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Charlemagne Apartments

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Charlemagne Apartments

1300 14th Ave S, Seattle, WA 98144
Multi-Family For Sale Available Cap Rate 5.89% Built 1964 2 floors Zoning: LR3(M)
Asking Price
$3,150,000
Total Building12,156 SF
Land9,583 SF land
Parking Total12
& Uncov.
ConstructionWood
MarketS. Seattle
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
259929
Listing ID
708140
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3(M)

Description

We present the Charlemagne Apartments, a 14-unit community in Seattle’s Beacon Hill neighborhood. Built in 1964, the property has seen extensive system upgrades—including plumbing, sewer lines, electrical panels, and boiler—resulting in a well-maintained asset with limited near-term capital needs. Twelve of the fourteen units have been renovated with modern finishes, providing strong in-place performance with remaining upside.Offered at a 6.38% cap rate, the property delivers solid cash flow from day one with an estimated 7.73% cash-on-cash return. Additional value can be created by completing the final two unit renovations, pushing rents to market, and potentially adding 2–3 units in the basement, driving higher NOI and longterm appreciation.

Listing Courtesy of:

KM
Kellan Moll
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Seattle ZIP: 98144 Type: For Sale

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