1446 NW 53rd St | Seattle, WA 98107
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- LoopNet Team
1446 NW 53rd St
Seattle, WA 98107
Nordic Tower · Multifamily Property For Sale
·
56 Units
INVESTMENT HIGHLIGHTS
- Building comprised of 56 residential units: 41% SEDUs, 43% EDUs, and 16% one-bed lofts
- Temporary Certificate of Occupancy expected within the next 30 days
- Average effective rent was $2,252 per month in 4Q23, up 5.0% YoY
- Amenities include ground-floor lobby and common area, controlled access, and in-unit washers and dryers
- Qualifies for 12-year property tax exemption with 14 affordable units
- Sound Transit’s Ballard Link Light Rail Extension proposes station options within 5-minute walk from Chinook Ballard
PROPERTY FACTS
| No. Units | 56 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 56,108 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Mid-Rise | No. Stories | 7 |
| Building Class | B | Year Built | 2024 |
| Zoning | C1-75 (M) | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 56,108 SF |
| Average Occupancy | 80% |
| No. Stories | 7 |
| Year Built | 2024 |
| Zoning | C1-75 (M) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Loft Layout
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Package Service
- Roof Terrace
- Bicycle Storage
- Elevator
- Lounge
- Online Services
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 47 | $1,525 | 293 - 388 |
| 1+1 | 9 | $1,895 | 450 |
PROPERTY TAXES
| Parcel Number | 276830-0505 | Improvements Assessment | $0 |
| Land Assessment | $1,350,000 | Total Assessment | $1,350,000 |
PROPERTY TAXES
Parcel Number
276830-0505
Land Assessment
$1,350,000
Improvements Assessment
$0
Total Assessment
$1,350,000
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