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Centre Court 116 Warren Ave N 18 Unit Apartment Building $11,400,000 ($633,333/Unit) 4% Cap Rate Seattle, WA 98109
Investment Highlights
- Secured Access Entry
- Value-Add Potential
- Modern Construction & Systems
- In Unit Gas Fireplaces
Executive Summary
Desirable 18-Unit Mixed-Use Asset in Seattle's Highly Coveted Queen Anne Neighborhood.
CBRE proudly presents Centre Court Apartments, an exceptional investment property in Seattle’s highly coveted Queen Anne neighborhood. Constructed in 2002, this mixed-use condominium building offers 4,335 square feet of ground-floor office space with a two story layout, soaring 17-foot ceilings, and a private parking garage for six vehicles, an invaluable amenity in this urban setting. Above the office suite, the residential component features 18 spacious two- and three-bedroom units, each exceeding 1,000 square feet. There is a second, resident only, parking garage for 22 vehicles. Residents enjoy access to a rooftop deck with sweeping views of Downtown Seattle and Puget Sound, adding to the property’s appeal and premium positioning. These oversized layouts are a rarity in Seattle’s multifamily market, driving strong tenant demand and premium
rental potential. Located at 116 Warren Ave N, Centre Court benefits from Queen Anne’s vibrant community, walkable amenities like Climate Pledge Arena, and proximity to Downtown Seattle and South Lake Union’s employment centers. With opportunities for rental income growth, condo resale optionality, and long-term appreciation in one of Seattle’s most desirable neighborhoods, Centre Court Apartments represents a truly compelling investment offering.
CBRE proudly presents Centre Court Apartments, an exceptional investment property in Seattle’s highly coveted Queen Anne neighborhood. Constructed in 2002, this mixed-use condominium building offers 4,335 square feet of ground-floor office space with a two story layout, soaring 17-foot ceilings, and a private parking garage for six vehicles, an invaluable amenity in this urban setting. Above the office suite, the residential component features 18 spacious two- and three-bedroom units, each exceeding 1,000 square feet. There is a second, resident only, parking garage for 22 vehicles. Residents enjoy access to a rooftop deck with sweeping views of Downtown Seattle and Puget Sound, adding to the property’s appeal and premium positioning. These oversized layouts are a rarity in Seattle’s multifamily market, driving strong tenant demand and premium
rental potential. Located at 116 Warren Ave N, Centre Court benefits from Queen Anne’s vibrant community, walkable amenities like Climate Pledge Arena, and proximity to Downtown Seattle and South Lake Union’s employment centers. With opportunities for rental income growth, condo resale optionality, and long-term appreciation in one of Seattle’s most desirable neighborhoods, Centre Court Apartments represents a truly compelling investment offering.
Property Facts
| Price | $11,400,000 | Building Class | C |
| Price Per Unit | $633,333 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 23,664 SF |
| Cap Rate | 4% | Average Occupancy | 94% |
| No. Units | 18 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | SM-UP 85 (M) - Neighborhood commercial | ||
| Price | $11,400,000 |
| Price Per Unit | $633,333 |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 23,664 SF |
| Average Occupancy | 94% |
| No. Stories | 8 |
| Year Built | 2002 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | SM-UP 85 (M) - Neighborhood commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Views
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Laundry Facilities
- Tenant Controlled HVAC
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | 1,012 |
| 3+3 | 2 | - | 1,561 |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (88)
Property Taxes
| Parcel Number | 149900-0010 | Improvements Assessment | $911,300 |
| Land Assessment | $717,200 | Total Assessment | $1,628,500 |
Property Taxes
Parcel Number
149900-0010
Land Assessment
$717,200
Improvements Assessment
$911,300
Total Assessment
$1,628,500
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