Property Details
2233 NE 46th Street
Seattle, WA 98105
$6,250,000
Active
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Property Overview
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. The adjacent property at 2233 NE 46th Street is for sale, as a Portfolio Opportunity totaling 47 units, see listing MLS#2523446.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
University District
Listed
May 13, 2026
Structure Type
Multi Family
Parcel Number
0925049143
Tax & HOA
Annual Property Tax
$72,833 (2025)
Est. Monthly Tax
$6,069/mo
Financial Summary
Cap Rate
5.81%
Net Operating Income
$363,219
Gross Scheduled Income
$620,615
Gross Rent Multiplier
11.60
Total Expenses
$226,366
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
21,528
Leasable Area
18,225 sqft
Total Units
27
Lot Size
10,389 sqft
Year Built
1960
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1960
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Lot Features
Paved, Sidewalk
Exterior Features
Brick, Wood
Community & Access
Directions
On I-5 N, take exit 169 for NE 45th St. Turn left on 20th Ave NE, right on NE 47th St which becomes 22nd Ave NE. Stay right and turn left onto NE 46th St. Site is on right.
Location
City
Seattle
County
King
Coordinates
47.66153, -122.30313
Additional Information
Tax Year
2025
Annual Taxes
$72,833
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:09 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
