Property Details
2629 2633 14th Avenue W
Seattle, WA 98119
$6,500,000
Active
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Property Overview
31-unit multifamily community situated in Seattle’s desirable Interbay/ Queen Anne area. Golfcrest offers investors meaningful renovation value-add upside, and seller financing is available for qualified buyers. The proposed seller financing terms are 5% interest-only rate, 25% down payment and a 5-year term. The property is comprised of a diversified unit mix that includes studio, one-bedroom, two-bedroom, and a Penthouse unit, making it well positioned to serve a broad tenant base in one of Seattle’s most supply constrained submarkets. Roughly 50% of the units have had the flooring replaced with LVP floors. Replacing the remainder of the flooring and improving the kitchens and bathrooms will result in a significant increase in rent. The property has been owned by the same family for the last 31 years. Ownership has spent over $225K in capital improvements over the last couple of years. These improvements reduce near-term capital expenditure risk while preserving the opportunity for an incoming investor to execute a targeted unit renovation program and capture meaningful rental upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Interbay
Listed
May 29, 2026
Structure Type
Multi Family
Parcel Number
2770604035
Tax & HOA
Annual Property Tax
$85,355 (2026)
Est. Monthly Tax
$7,113/mo
Financial Summary
Cap Rate
5.07%
Net Operating Income
$329,600
Gross Scheduled Income
$639,606
Gross Rent Multiplier
10.20
Total Expenses
$278,026
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
23,900
Leasable Area
23,900 sqft
Total Units
31
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
24,002 sqft
Year Built
1963
Exterior & Lot
Lot Size
0.55 sqft
Year Built
1963
Exterior Materials
Cement, Stone, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete, Stone, Wood, Wood Products
Community & Access
Directions
From Aurora Ave N. R on Raye St. Keep R to go on Queen Anne Dr. Slight L onto Smith St. R on W McGraw. L on 10th Ave W. R on W Howe. R on 11th Ave W. L on Gilman Dr W. Slight R on 14th Ave W.
Location
City
Seattle
County
King
Coordinates
47.64381, -122.37532
Additional Information
Tax Year
2026
Annual Taxes
$85,355
Possession
Array
Based on information submitted to the MLS GRID as of June 5, 2026 11:30 PM. 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.
