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2820 15th W
Seattle, WA 98119 Queen Anne

$4,000,000 USD

Apartments For Sale  •  16,950 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,950 SF
  • Lot Size 0.39 AC
  • Building Class C
  • Year Built 1969
  • Cap Rate 5.50 %
  • Zoning NC3-55 (M)
70 Transit Score
60 Walk Score

Highlights

18 of 21 units have received new hardwood or LVP flooring since 2016
20 units have west facing decks
First time on the market in 33 years
20 leasable surface parking stalls. Market rate of $100/stall represents $15,000 in annual upside
15 storage lockers currently being offered for no charge. $50/locker results in a $9,000 increase in income annually
Offered at $4,000,000 - 20% below the 2026 assessed value of $5,012,000

Property Flyers

Financial Summary (Actual)

Net Operating Income: $218,409 USD (2025)
Cap Rate: 5.50 %
Total Expenses: $172,292 USD

Amenities

  • 24 Hour Access
  • Balcony
  • Cable Ready
  • Dishwasher
  • Laundry Facilities
  • Storage Space
  • Tenant Controlled HVAC
  • Walking/Biking Trails
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Patio
  • Smoke Free
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 14 min - 4.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International 34 min - 18.7 mi
Seattle Paine Field International 41 min - 23.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Ben Douglas 206-658-7247 Paragon Real Estate Advisors
Ben Douglas 206-658-7247 Paragon Real Estate Advisors