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Multifamily

7919 Wallingford Ave N

7919 Wallingford Ave N, Seattle, WA 98103

Listing Price: $3,800,000

Cap Rate
3.93%
Number of Units
11
GRM
18.25
Occupancy
95.0%
Price/Unit
$345,455
Price/Gross SF
$351.85
Gross SF
10,800

Investment Overview

Situated in the highly sought-after Green Lake neighborhood, this 11-unit apartment building presents a lucrative investment opportunity. Comprising a mix of 7 one-bedroom/one-bath units, 3 two-bedroom/one-bath units, and a luxurious three-bedroom/two-bath penthouse, the property offers a diverse range of living spaces to cater to various tenant preferences. The average square footage of 982 square feet ensures spacious and comfortable living for residents. The building has undergone significant improvements, including a roof replacement just four years ago, all electrical panels have been replaced and the exterior has been completely resided. The interior of the units has been well maintained with 9 of the 11 units receiving new carpet, cabinets, countertops and stainless steel appliances. These updates not only enhance the property's curb appeal but also contribute to its long-term durability, reducing maintenance costs for the foreseeable future.

7919 Wallingford Ave N is surrounded by one of Seattle’s most coveted neighborhoods in Green Lake, offering an escape to water and a community-enriched landmark park in the city of Seattle. Centrally located between the two largest employment hubs in Washington State – Seattle and Bellevue – residents are within 10 to 20 minutes of 620,000 jobs at companies such as Amazon, Google, Expedia, Meta, Microsoft, Nordstrom, Starbucks, and more.

Investment Highlights

  • Spacious units: Average of 982 square feet
  • Excellent unit mix: One, two and three bedroom units
  • Well Maintained Asset: Recently replaced roof, new electrical panels, exterior resided
  • Off Street Parking: 6 Tuck under, 8 off street open spaces
  • A+ Location: Situated directly across from Green Lake Park

Exclusively Listed By

Multifamily

7919 Wallingford Ave N

Listing Price: $3,800,000

Cap Rate
3.93%
Number of Units
11
GRM
18.25
Occupancy
95.0%
Price/Unit
$345,455
Price/Gross SF
$351.85
Gross SF
10,800

Investment Highlights

  • Spacious units: Average of 982 square feet
  • Excellent unit mix: One, two and three bedroom units
  • Well Maintained Asset: Recently replaced roof, new electrical panels, exterior resided
  • Off Street Parking: 6 Tuck under, 8 off street open spaces
  • A+ Location: Situated directly across from Green Lake Park

Investment Overview

Situated in the highly sought-after Green Lake neighborhood, this 11-unit apartment building presents a lucrative investment opportunity. Comprising a mix of 7 one-bedroom/one-bath units, 3 two-bedroom/one-bath units, and a luxurious three-bedroom/two-bath penthouse, the property offers a diverse range of living spaces to cater to various tenant preferences. The average square footage of 982 square feet ensures spacious and comfortable living for residents. The building has undergone significant improvements, including a roof replacement just four years ago, all electrical panels have been replaced and the exterior has been completely resided. The interior of the units has been well maintained with 9 of the 11 units receiving new carpet, cabinets, countertops and stainless steel appliances. These updates not only enhance the property's curb appeal but also contribute to its long-term durability, reducing maintenance costs for the foreseeable future. 7919 Wallingford Ave N is surrounded by one of Seattle’s most coveted neighborhoods in Green Lake, offering an escape to water and a community-enriched landmark park in the city of Seattle. Centrally located between the two largest employment hubs in Washington State – Seattle and Bellevue – residents are within 10 to 20 minutes of 620,000 jobs at companies such as Amazon, Google, Expedia, Meta, Microsoft, Nordstrom, Starbucks, and more.

Exclusively Listed By

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