1214 137Th StSeattle, WA 98133

For Sale
$2,950,000
Added:
Dec 11, 2024
Days on market:
94

Highlights

  • Value-add opportunity: 12-unit multifamily property built in 1988 with rents averaging $126 below market, offering significant upside potential through renovations.
  • Ideal unit mix: 12 units averaging 754 sq ft, featuring one- and two-bedroom layouts with fireplaces, balconies, common laundry, and a 1:1 parking ratio (8 covered, 4 surface).
  • Prime location: Situated between Highway 99 and I-5, providing easy access to major employment centers.
  • Proximity to major employers: Convenient access to University of Washington, Amazon, Boeing, Google, Apple, Expedia, and Meta.
  • Excellent transit access: A nearby bus stop offers frequent service to downtown Seattle via the RapidRide E Line.
  • Strong submarket fundamentals: North Seattle/Shoreline submarket boasts $1,790 average effective rent (Q3 2024) with projected 1.9% annual growth.

Property Details for 1214 137Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
12,104 SF
Class
C
Year Built
1988
Buildings
1
Stories
4
Units
12

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.728680163282
Longitude
-122.3429917338
1214 137Th St, Seattle, Washington

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1214 137Th St
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