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2350 Beacon Ave S
Seattle, WA 98144
Westward Apartments · Multifamily Property For Sale
·
16 Units
Executive Summary
Urban Commercial Partners is pleased to present Westward Apartments, a 16-unit multifamily asset located in Seattle’s Beacon Hill neighborhood. Built in 1958 and fully renovated in 2016, the property offers a mix of one- and two-bedroom units with updated finishes and modernized building systems. The asset totals 9,900 SF across two stories on a 0.24-acre lot zoned LR3 (M2), providing both stable in-place cash flow and long-term redevelopment potential. With 100% occupancy, current in-place rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward’s central Beacon Avenue location offers residents walkable access to transit, neighborhood amenities, and proximity to major employment hubs, including Downtown Seattle, South Lake Union, and the University District.
Property Facts
| Price Per Unit | $293,750 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 9,700 SF |
| Cap Rate | 5.70% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2013 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LR3 (M2) - 011 - Apartment | ||
| Price Per Unit | $293,750 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2013 |
| Parking Ratio | 0.4/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LR3 (M2) - 011 - Apartment |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Grill
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 575 - 610 |
| 2+1 | 3 | - | 825 - 1,000 |
Property Taxes
| Parcel Number | 539360-0403 | Improvements Assessment | $1,567,100 |
| Land Assessment | $1,353,900 | Total Assessment | $2,921,000 |
Property Taxes
Parcel Number
539360-0403
Land Assessment
$1,353,900
Improvements Assessment
$1,567,100
Total Assessment
$2,921,000
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