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Multifamily

Taghus

4724 31st Ave S, Seattle, WA 98108

Listing Price: $2,000,000

Cap Rate
5.00%
Number of Units
9
GRM
11.45
Occupancy
100.0%
Price/Unit
$222,222
Price/Gross SF
$485.44
Gross SF
4,120

Investment Overview

Taghus (train house in Danish) Apartments, built in 2020
and offered to the market for the first time, provides the
rare opportunity to acquire a nearly new multifamily
asset in Seattle’s historic and rapidly evolving Columbia
City neighborhood. Thoughtfully designed by an
architect–homebuilder duo, the property features
efficient floorplans, durable modern finishes, and low maintenance
systems ideal for long-term ownership.

The building comprises six studio units averaging 291
SF and three one-bedroom units averaging 492 SF —
premium compact layouts highly sought after by young
professionals. Units are equipped with air conditioning,
dishwashers, in-unit laundry, and private balconies;
Unit 9 further boasts a private rooftop deck.

Located directly across the street from the Columbia
City Light Rail Station, Taghus offers unmatched
accessibility, with seamless connectivity to both
Seattle’s major employment cores and the Kent Valley
— the nation’s third-largest warehouse and logistics
hub. Columbia City itself is one of Seattle’s most
dynamic neighborhoods, characterized by a $136,649
average household income, steady investment and rent
growth, walkable historic character, and an energetic
mix of local dining, retail, and community amenities
that continue to attract upwardly mobile renters.

Investment Highlights

  • Units feature patios, air-conditioning, dishwashers, in-unit laundry, storage options, and full-size appliances.
  • Direct access to Columbia City Light Rail Station
  • Structural engineering documents in-hand to convert existing 1-bedroom unit into a 2-bedroom unit.

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
5.00%
Number of Units
9
GRM
11.45
Occupancy
100.0%
Price/Unit
$222,222
Price/Gross SF
$485.44
Gross SF
4,120

Investment Highlights

  • Units feature patios, air-conditioning, dishwashers, in-unit laundry, storage options, and full-size appliances.
  • Direct access to Columbia City Light Rail Station
  • Structural engineering documents in-hand to convert existing 1-bedroom unit into a 2-bedroom unit.

Investment Overview

Taghus (train house in Danish) Apartments, built in 2020 and offered to the market for the first time, provides the rare opportunity to acquire a nearly new multifamily asset in Seattle’s historic and rapidly evolving Columbia City neighborhood. Thoughtfully designed by an architect–homebuilder duo, the property features efficient floorplans, durable modern finishes, and low maintenance systems ideal for long-term ownership. The building comprises six studio units averaging 291 SF and three one-bedroom units averaging 492 SF — premium compact layouts highly sought after by young professionals. Units are equipped with air conditioning, dishwashers, in-unit laundry, and private balconies; Unit 9 further boasts a private rooftop deck. Located directly across the street from the Columbia City Light Rail Station, Taghus offers unmatched accessibility, with seamless connectivity to both Seattle’s major employment cores and the Kent Valley — the nation’s third-largest warehouse and logistics hub. Columbia City itself is one of Seattle’s most dynamic neighborhoods, characterized by a $136,649 average household income, steady investment and rent growth, walkable historic character, and an energetic mix of local dining, retail, and community amenities that continue to attract upwardly mobile renters.

Exclusively Listed By

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