2629 2633 14th Avenue, Seattle, WA 98119

Listing Firm: Paragon Real Estate Advisors (206-623-8880). Listings with the three tree icon are courtesy of NWMLS.

2629 2633 14th Avenue

Seattle, WA 98119

LISTING #2526962

REQUEST DETAILS SCHEDULE A SHOWING

$6,000,000

STATUS Active

YEAR BUILT 1963

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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

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Location Information

County King

Community Seattle

Latitude 47.643814

Longitude -122.375318

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.

Subdivision Name Interbay

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard, Forced Air

Cooling None

Floors Vinyl Plank

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Cement/Concrete, Stone, Wood, Wood Products

Foundation Poured Concrete

Roof Flat

Water Source Public

Septic or Sewer Sewer Connected

Covered Spaces 0

Power Production Type Electric, Natural Gas

Parking Spaces 23

Lot Size in Acres 0.551

Lot Size in Sq. Ft. 24,000

Building Total Area 23900 Square Feet

Has Waterfront No

Has View No

School

High School District Seattle

Additional Information

Possession Closing, Subject To Tenant Rights

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1963

Status Active

Tax Year 2026

Tax Amount $85,355

Lot Acres Source Public Records

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