Skyline Apartments 3210 SW Avalon Way 17 Unit Apartment Building $4,500,000 ($264,706/Unit) 4.53% Cap Rate Seattle, WA 98126

Paragon Real Estate Advisors is pleased to present The Skyline Apartments, offered to the market for the first time in over 25 years. Ideally located at 3210 SW Avalon Way, The Skyline delivers an excellent balance of walkability, local charm, and urban convenience. Residents enjoy access to multiple nearby bus routes along with direct connectivity to Downtown Seattle, the Eastside, and the South End via the West Seattle Bridge. Built in 1989, the property features 17 well-appointed units and was originally constructed as condominiums, offering a superior standard of design and finishes compared to typical apartment stock. This distinction translates into homes that attract quality tenants, command stronger rental rates, and maintain long-term value.
For investors, the condo-style layouts not only enhance marketability but also provide long-term flexibility, including the option to resell units individually in the future. With Seattle’s continual growth and robust economy, The Skyline Apartments represent a rare opportunity to acquire a well-located, quality built asset positioned for durable returns and long-term appreciation.