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The Oriana

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The Oriana

416 Summit Ave E, Seattle, WA 98102
Multi-Family For Sale Available Cap Rate 4.65% Built 1928 3 floors Zoning: MR(M)
Asking Price
$3,375,000
Total Building8,220 SF
Available8,220 SF avail
Land7,200 SF land
Parking Total6
& Uncov.
ConstructionFramed
MarketCapitol Hill/First Hill
CountyKing

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Overview

Property ID
258613
Listing ID
708825
Type
Multi-Family
Asset Class
Multi-Family
Zoning
MR(M)

Description

Oriana Apartments presents a rare opportunity to acquire a profitable, character-rich multifamily asset in the heart of Seattle’s highly desirable Capitol Hill neighborhood. Built in 1928, this well-maintained wood-frame property features 11 spacious corner units – 9 one-bedroom/one-bath homes and 2 two-bedroom/one-bath homes – each offering abundant natural light and spacious/functional floor plans with dining areas and large closets. Residents appreciate the building’s enduring old-world charm – oak floors, original wood windows, coved ceilings, picture rails, and classic 6-inch molding – as well as the property's 10 remodeled homes and 1 new unit. All units have updated Square D electrical panels and main service appears to have been updated. Plumbing updates have been consistently made

Listing Courtesy of:

DS
Dan Swanson
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Seattle ZIP: 98102 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.