Property Details

722 10th Ave E

Seattle, WA 98102

$1,950,000

Pending

CBA# 710246 courtesy of CBA Listing firm: Westlake Associates, Inc.

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Commercial

Property Type

4,224

Bldg Sq Ft

Units

4.00%

Cap Rate

1926

Year Built

Property Overview

The 10th Avenue Apartments is a classic 1926 brick apartment building located in the desirable north Capitol Hill neighborhood near the Broadway and Roy Street intersection. The property consists of six units including two large studios and four one-bedroom apartments, offering an attractive unit mix in one of Seattle’s most walkable and amenity-rich neighborhoods.The building presents a rare opportunity to acquire a stabilized asset with strong in-place cash flow in a premier Capitol Hill location. Currently operating at an in-place cap rate of 5.11%, the property offers investors dependable income combined with long-term appreciation potential in one of Seattle’s most historically resilient rental markets.Constructed in the late 1920s, the 10th Avenue East Apartments is part of a di