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Listed by Urban Commercial Partners, LLC
$ 4,700,000
Est. payment /mo
New
1401 S Holgate ST Seattle, WA 98144
16 Beds
17 Baths
8,580 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,580 sqft
Price per Sqft $547
Subdivision Beacon Hill
MLS Listing ID 2440780
Style 56 - 10+ Units
Bedrooms 16
Year Built 1957
Annual Tax Amount $29,210
Lot Size 6,606 Sqft
Property Sub-Type Multi Family
Property Description
Beacon Flats presents a compelling investment opportunity: a 17-unit apartment community ideally situated in Seattle's vibrant North Beacon Hill neighborhood, just a short walk from the Beacon Hill Light Rail Station. Built in 1957 and renovated in 2017, this three-story brick-veneer building combines classic charm with modern convenience. The property features a unit mix of studios, one-bed, and two-bed apartments, each offering functional layouts and in-unit washer/dryer amenities. Operating at near-full occupancy year-round, Beacon Flats demonstrates strong tenant demand. Current rents average $1,678, below the area's market average of $1,776, highlighting immediate upside potential through strategic rent adjustments.
Location
State WA
County King
Area 385 - Sodo/Beacon Hill
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Brick, Wood
View Y/N Yes
View Mountain(s), Territorial
Roof Type Flat
Building
Lot Description Corner Lot
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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