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University District 47-Unit Portfolio 2 Multifamily Properties Offered at $11,900,000 in Seattle, WA
INVESTMENT HIGHLIGHTS
- 47-Unit Portfolio Opportunity in University District
- Studio, 1-Bed, and 2-Bed Unit Mix
- Ideally Positioned To Meet High Demand For Student Housing
- Close Proximity to University of Washington campus, University Village & Seattle Transit
EXECUTIVE SUMMARY
INTRODUCING THE BAYVIEW AND BAYVIEW WEST APARTMENTS
Westlake Associates, Inc. is pleased to present a prime investment opportunity in the heart of Seattle’s U-District: The Bayview and Bayview West Apartments. These adjacent properties, totaling 47 units, are ideally positioned to meet the high demand for student housing with their proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle.
2233 NE 46th Street - Built in 1960, The Bayview consists of 27 well-maintained units featuring a mix of studios, one-bedroom, and two-bedroom apartments. Each unit offers hardwood floors, large windows, and updated appliances. The property includes common laundry facilities, secured tenant storage, and ample on-site parking on the east side of the building.
2249 NE 46th St - Constructed in 2016, Bayview West offers a modern living experience with 20 units comprising studios, one-bedroom, and two-bedroom apartments. These upscale units boast sleek finishes, urban layouts, easy-care plank flooring, stainless steel appliances, large windows, in-unit washer and dryers, and patios in select units.
Westlake Associates, Inc. is pleased to present a prime investment opportunity in the heart of Seattle’s U-District: The Bayview and Bayview West Apartments. These adjacent properties, totaling 47 units, are ideally positioned to meet the high demand for student housing with their proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle.
2233 NE 46th Street - Built in 1960, The Bayview consists of 27 well-maintained units featuring a mix of studios, one-bedroom, and two-bedroom apartments. Each unit offers hardwood floors, large windows, and updated appliances. The property includes common laundry facilities, secured tenant storage, and ample on-site parking on the east side of the building.
2249 NE 46th St - Constructed in 2016, Bayview West offers a modern living experience with 20 units comprising studios, one-bedroom, and two-bedroom apartments. These upscale units boast sleek finishes, urban layouts, easy-care plank flooring, stainless steel appliances, large windows, in-unit washer and dryers, and patios in select units.
PROPERTY FACTS
| Price | $11,900,000 | Number of Properties | 2 |
| Price / SF | $339.00 / SF | Individually For Sale | 0 |
| Cap Rate | 5.41% | Total Building Size | 35,103 SF |
| Sale Type | Investment | Total Land Area | 0.40 AC |
| Status | Active |
| Price | $11,900,000 |
| Price / SF | $339.00 / SF |
| Cap Rate | 5.41% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 35,103 SF |
| Total Land Area | 0.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Bayview Apartments
2233 NE 46th St, Seattle, WA 98105 |
Multifamily | 21,528 SF | 1960 | - |
|
Bayview West Apartments
2249 NE 46th St, Seattle, WA 98105 |
Multifamily | 13,575 SF | 2016 | - |
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