1953 10th Ave W
- Vacant Delivery & Flexible Investment Strategy: Delivered vacant, ideal for an owner-user or investor to occupy, renovate, or reposition immediately.
- Townhome Development Potential: LR1 (M) zoning and a 7,200 square foot lot may offer future redevelopment potential, subject to buyer verification.
- Desirable Location: Fourplex with seven parking spaces, two garage spaces, in-unit laundry, basement storage, and convenient access to Queen Anne amenities.
Property Description
The Lee & Associates Northwest | Multifamily Team is pleased to present the 10th Ave W Fourplex in Seattle’s Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upside. Delivered vacant, the property is well suited for an owner occupant seeking to move in immediately while renovating or repositioning the remaining units over time. The property may also appeal to townhome developers evaluating the LR1 (M) zoning and 7,200 square foot lot for future redevelopment potential, subject to buyer verification. It features four individually metered residences with a unique mix of updated interiors, double pane windows offering sweeping views, and in unit washer and dryers. The units include hardwood flooring, stainless steel and white appliances, dishwashers, updated cabinetry, private deck access, and walk-in closet space. Recent improvements include a replacement water heater system completed in 2023 and electrical upgrades completed in conjunction with the water heater installation. The building also includes basement storage, seven parking spaces, and two garage spaces. With a blend of existing improvements and additional upside through continued interior modernization and operational review, the property presents investors with the opportunity to acquire a well located small multifamily asset in one of Seattle’s most established rental neighborhoods
Broker Details
Lee & Associates Commercial Real Estate Services 206-773-2694
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,495,000 |
| No. of Units: | 4 |
| Year Built: | 1906 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $373,750 |
| Property Website | Click Here |
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