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Beacon View Apartments 2414 13th Ave S 17 Unit Apartment Building $4,900,000 ($288,235/Unit) 6.11% Cap Rate Seattle, WA 98144
EXECUTIVE SUMMARY
Urban Commercial Partners is pleased to present Beacon View Apartments, a 17-unit mid-rise apartment building located on 13th Avenue South in Seattle’s Beacon Hill
neighborhood. Constructed in 1968 and extensively renovated in 2017, the property offers a large and efficient layout with a mix of studio, one-, and two-bedroom units
across 22,400 SF of building area. The property sits on a 0.14-acre lot with 17 parking spaces and LR3 zoning, providing strong long-term redevelopment potential. With 100% occupancy, current rents averaging $1,978 per unit remain below the market average of $2,094, creating an attractive opportunity for near-term rental growth.
Located in North Beacon Hill, Beacon View offers residents excellent access to Downtown Seattle, South Lake Union, and the University District, with light rail and I-5
minutes away.
neighborhood. Constructed in 1968 and extensively renovated in 2017, the property offers a large and efficient layout with a mix of studio, one-, and two-bedroom units
across 22,400 SF of building area. The property sits on a 0.14-acre lot with 17 parking spaces and LR3 zoning, providing strong long-term redevelopment potential. With 100% occupancy, current rents averaging $1,978 per unit remain below the market average of $2,094, creating an attractive opportunity for near-term rental growth.
Located in North Beacon Hill, Beacon View offers residents excellent access to Downtown Seattle, South Lake Union, and the University District, with light rail and I-5
minutes away.
PROPERTY FACTS
| Price | $4,900,000 | Building Class | C |
| Price Per Unit | $288,235 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 22,400 SF |
| Cap Rate | 6.11% | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.22/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | LR3 - Low Rise zoning | ||
| Price | $4,900,000 |
| Price Per Unit | $288,235 |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,400 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1968 |
| Parking Ratio | 0.22/1,000 SF |
| Zoning | LR3 - Low Rise zoning |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 17 | - | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,065,300 | |
| Land Assessment | $1,350,700 | Total Assessment | $3,416,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,350,700
Improvements Assessment
$2,065,300
Total Assessment
$3,416,000
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