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207 N 104th St 9 Unit Apartment Building $2,495,000 ($277,222/Unit) 6.10% Cap Rate Seattle, WA 98133
EXECUTIVE SUMMARY
KW Commercial and Excel Properties is pleased to present the exclusive offering of 207 N 104th Street, a 9-unit apartment building in Seattle’s highly sought-after Greenwood neighborhood.
This three-story, wood-frame property features a mix of three 2-bedroom units and six 1-bedroom units. Select units offer territorial and city views, fireplaces, and private laundry, providing strong tenant appeal. Covered and uncovered parking is available on-site.
Situated on an 8,334 square foot lot with C1-55 (M) zoning, the property provides both stable in-place income and long-term redevelopment potential. Its central North Seattle location offers excellent access to major employment centers, neighborhood amenities, and transit.
With consistent occupancy, strong rental demand, and value-add upside, 207 N 104th Street represents an outstanding opportunity for investors seeking stable cash flow with future appreciation potential.
This three-story, wood-frame property features a mix of three 2-bedroom units and six 1-bedroom units. Select units offer territorial and city views, fireplaces, and private laundry, providing strong tenant appeal. Covered and uncovered parking is available on-site.
Situated on an 8,334 square foot lot with C1-55 (M) zoning, the property provides both stable in-place income and long-term redevelopment potential. Its central North Seattle location offers excellent access to major employment centers, neighborhood amenities, and transit.
With consistent occupancy, strong rental demand, and value-add upside, 207 N 104th Street represents an outstanding opportunity for investors seeking stable cash flow with future appreciation potential.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.10% | Building Size | 8,928 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1977/1995 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | C140', Seattle - C1-55(M) | ||
| Price | $2,495,000 |
| Price Per Unit | $277,222 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,928 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1977/1995 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | C140', Seattle - C1-55(M) |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 3 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 344200-0015 | Total Assessment | $2,108,000 |
| Land Assessment | $1,333,400 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $774,600 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
344200-0015
Land Assessment
$1,333,400
Improvements Assessment
$774,600
Total Assessment
$2,108,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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207 N 104th St
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