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8716 Sand Point Way NE
Seattle, WA 98115
Beach Club Cottages · Multifamily Property For Sale · 14 Units

INVESTMENT HIGHLIGHTS

  • Lake Washington waterfront property – beach access, 110 feet of lake frontage, and 2 boat slips, scenic Lake Washington views from most units
  • Renovated, turnkey property – updated kitchens and bathrooms, dishwashers, and in-unit laundry in most apartments
  • 6 buildings on site: 3 apartment buildings, 2 cottages, and 1 single family home, all totaling 14 rental units
  • Waterfront properties generally appreciate faster & offer lower vacancy rates along with faster lease-up times & longer tenancies than non-waterfront
  • 15 off-street and 3 garage parking spaces
  • Excellent Matthews Beach neighborhood location – ±100 yards to the Burke-Gilman trail, near Matthews Beach Park, a mile to Magnuson Park

PROPERTY FACTS

No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 1.08 AC
Building Size 11,105 SF
Average Occupancy 100%
No. Stories 2
Year Built 1939
Parking Ratio 1.62/1,000 SF
Zoning NR3

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Views
  • Yard
  • Deck
  • Lawn

SITE AMENITIES

  • Laundry Facilities
  • Picnic Area
  • Waterfront
  • Dock
  • Car Charging Station

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 10 $2,093 579
2+1 2 $2,593 879
2+2 2 $3,345 988

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 342604-9036
  • 342604-9041
Land Assessment
$5,907,500
Improvements Assessment
$1,000
Total Assessment
$5,908,500
  • Listing ID: 31904336

  • Date on Market: 5/23/2024

  • Last Updated:

  • Address: 8716 Sand Point Way NE, Seattle, WA 98115

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