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Multifamily

Eastbay Apartments

3232 15th Ave W, Seattle, WA 98119

Listing Price: $4,300,000

Cap Rate
5.04%
Number of Units
14
GRM
14.01
Occupancy
95.0%
Price/Unit
$307,143
Price/Gross SF
$459.11
Gross SF
9,366

Investment Overview

The Morse Multifamily Group is pleased to present The Eastbay, a boutique mixed-use investment opportunity located at 3232 15th Ave W in Seattle’s West Queen Anne neighborhood. Built in 2011, this well-maintained asset offers a diverse unit mix including one studio, four one-bedroom units, three two-bedroom/one-bath units, two two-bedroom/two-bath units, and two top floor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. All units feature premium amenities including in-unit washer/dryer, granite countertops, and stainless-steel appliances. The property includes two floors of garage parking inclusive of 15 spaces and a 12 on site storage units.

Located in West Queen Anne with convenient access to major Seattle employers in South Lake Union, Ballard, and Downtown, the property benefits from its proximity to the Magnolia neighborhood's parks, restaurants, and waterfront amenities. The area continues to attract young professionals and families seeking quality housing with urban convenience. Eastbay Apartments presents a compelling opportunity to acquire a well-located, newer construction multifamily asset with mixed-use diversification, strong occupancy, and spacious units.

Investment Highlights

  • Boutique Asset: Constructed in 2011 with an average residential unit size of 900 square feet
  • Diverse unit mix consisting of studio, one bedroom, two bedroom, two bedroom two bath and two bedroom two and one half bath townhome layouts.
  • Two floors of gated garage parking accommodating 15 vehicles, a 1.25 parking /unit ratio.
  • Convenient access to Seattle's major employers in South Lake Union, Downtown and Ballard with proximity to Magnolia's neighborhood amenities.

Exclusively Listed By

Multifamily

Eastbay Apartments

Listing Price: $4,300,000

Cap Rate
5.04%
Number of Units
14
GRM
14.01
Occupancy
95.0%
Price/Unit
$307,143
Price/Gross SF
$459.11
Gross SF
9,366

Investment Highlights

  • Boutique Asset: Constructed in 2011 with an average residential unit size of 900 square feet
  • Diverse unit mix consisting of studio, one bedroom, two bedroom, two bedroom two bath and two bedroom two and one half bath townhome layouts.
  • Two floors of gated garage parking accommodating 15 vehicles, a 1.25 parking /unit ratio.
  • Convenient access to Seattle's major employers in South Lake Union, Downtown and Ballard with proximity to Magnolia's neighborhood amenities.

Investment Overview

The Morse Multifamily Group is pleased to present The Eastbay, a boutique mixed-use investment opportunity located at 3232 15th Ave W in Seattle’s West Queen Anne neighborhood. Built in 2011, this well-maintained asset offers a diverse unit mix including one studio, four one-bedroom units, three two-bedroom/one-bath units, two two-bedroom/two-bath units, and two top floor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. All units feature premium amenities including in-unit washer/dryer, granite countertops, and stainless-steel appliances. The property includes two floors of garage parking inclusive of 15 spaces and a 12 on site storage units. Located in West Queen Anne with convenient access to major Seattle employers in South Lake Union, Ballard, and Downtown, the property benefits from its proximity to the Magnolia neighborhood's parks, restaurants, and waterfront amenities. The area continues to attract young professionals and families seeking quality housing with urban convenience. Eastbay Apartments presents a compelling opportunity to acquire a well-located, newer construction multifamily asset with mixed-use diversification, strong occupancy, and spacious units.

Exclusively Listed By

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