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Raleigh Manor Apartments 12000 15th Ave NE 42 Unit Apartment Building $14,250,000 ($339,286/Unit) Seattle, WA 98125
INVESTMENT HIGHLIGHTS
- Unbeatable Location – Close to Northgate Station, University of Washington, shopping, dining, and entertainment
- Stable Occupancy & Strong Cash Flow – Consistent rental demand from students, professionals, and families
- Transit-Oriented Investment – Steps from major bus lines and minutes to the Northgate Light Rail Station, ensuring seamless connectivity to downtown S
- Turnkey Investment – Well-maintained property with minimal capital improvements needed
EXECUTIVE SUMMARY
An outstanding mixed-use multifamily investment in a rapidly growing Seattle neighborhood! This well-maintained property features 39 apartment units and 3 retail spaces, offering a strong and diversified income stream in a high-demand rental market.
PROPERTY FACTS
| Price | $14,250,000 | Building Class | C |
| Price Per Unit | $339,286 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 28,785 SF |
| No. Units | 42 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 2000/2017 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.46/1,000 SF |
| Zoning | LR3 RC - LR3 RC (M)**Zoning Code:** NC3-65 (Neighborhood Commercial 3 with a 65-foot height limit) The zoning designation for 12000 15th Ave NE, Seattle, WA 9 | ||
| Price | $14,250,000 |
| Price Per Unit | $339,286 |
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 28,785 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2017 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | LR3 RC - LR3 RC (M)**Zoning Code:** NC3-65 (Neighborhood Commercial 3 with a 65-foot height limit) The zoning designation for 12000 15th Ave NE, Seattle, WA 9 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 675 - 750 |
| 2+1 | 12 | - | 840 |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 679810-0830 | Improvements Assessment | $9,647,000 |
| Land Assessment | $1,152,000 | Total Assessment | $10,799,000 |
PROPERTY TAXES
Parcel Number
679810-0830
Land Assessment
$1,152,000
Improvements Assessment
$9,647,000
Total Assessment
$10,799,000
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Raleigh Manor Apartments | 12000 15th Ave NE
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