Property Details

163 Etruria St

Seattle, WA 98109

$2,750,000

Available

CBA# 715468 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

7,395

Bldg Sq Ft

Units

5.00%

Cap Rate

1975

Year Built

Property Overview

Rare North Queen Anne 9-unit apartment opportunity ideally positioned near Seattle Pacific University and the Fremont Bridge. Built in 1975, the three-story property features nine oversized one-bedroom units averaging approximately 831 square feet, with 7,475 rentable square feet on a 7,190-square-foot LR3(M)-zoned lot. Amenities include shared laundry and on-site parking. Current rents average approximately $1,805 per unit, providing immediate upside toward $2,000-plus market rents, with additional value-add potential through interior renovations, utility reimbursements and paid parking. The highly walkable location offers convenient access to Fremont dining and entertainment, the Burke-Gilman Trail, Highway 99, South Lake Union and downtown Seattle. An attractive opportunity to acquire a well-located multifamily asset with durable renter demand and meaningful income-growth potential.