Property Details

Chandler Hall, under the same ownership for the past 35 years, is now on the market. In Seattle’s prestigious Queen Anne neighborhood, it’s just steps from the Puget Sound and minutes from major tech employers in South Lake Union. The property is strategically positioned two miles from Downtown Seattle, offering proximity to over 336,000 employees and major corporate headquarters, presenting investors with a compelling opportunity to acquire a trophy asset in an A+ location. Built in 1924 with trophy architecture, Chandler Hall has been owner-operated and meticulously maintained, ensuring stability and minimal deferred maintenance. Chandler Hall consists of 66 studios and 9 one-bedroom units, all in excellent condition with refinished original hardwood flooring, high ceilings, and abundant natural light. These features offer significant rental upside, with in-place rents achieving and exceeding market rates. Recent major capital expenditures include refinished hardwood floors, elevator mechanical upgrades, boiler system repairs, a new roof, and over $24,000 spent on in-unit electrical panel upgrades. These improvements provide a perfect foundation for new ownership to add modern finishes through a full renovation strategy, capitalizing on Seattle’s growing urban professional population. Current renovated rent premiums align with an 18% increase over in-place rents. After renovations, Chandler Hall will be well-positioned to demand top-of-market rental rates and steady rent growth over the long term.