Pending · Residential Income

2629 2633 14th Avenue W, Seattle, WA 98119

Seattle, WA 98119

$6,000,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Paragon Real Estate Advisors · MLS #2526962 · Pending

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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

Property type: Multi Family
Year built: 1963
Lot size: 24,000 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $85,355 (2026)
Parking spaces: 23
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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