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Oregonian Apartments 4319 SW Oregon St 12 Unit Apartment Building $3,600,000 ($300,000/Unit) 5.36% Cap Rate Seattle, WA 98116
Executive Summary
Cushman & Wakefield is pleased to present The Oregonian Apartments, a 12-unit apartment building in West Seattle. This value-add offering provides significant upside through continued unit renovation and rental rate optimization. Three units have been renovated to date, demonstrating a $200–$325/month premium over classic units, with nine classic units remaining.
Property Facts
| Price | $3,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.36% | Building Size | 9,180 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1927/1943 |
| Property Subtype | Apartment | ||
| Zoning | NC2-75 (M) | ||
| Price | $3,600,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,180 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1927/1943 |
| Zoning | NC2-75 (M) |
Amenities
Unit Amenities
- Balcony
- Hardwood Floors
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 750 - 765 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,653,400 | |
| Land Assessment | $1,374,600 | Total Assessment | $3,028,000 |
Property Taxes
Parcel Numbers
Land Assessment
$1,374,600
Improvements Assessment
$1,653,400
Total Assessment
$3,028,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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