1214 137Th StSeattle, WA 98133
For Sale
$2,950,000
- Added:
- Dec 11, 2024
- Days on market:
- 96
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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