2701 S Walden St
Seattle WA 98144

Quaker Court

2701 S Walden St Seattle WA 98144

Listing #: 665620 | Status: Available | Last Modified: 5/18/2023 |

For Sale
Ian Brown
  • Phone:(206) 505-9414
  • Email:ian@westlakeassociates.com
  • Office Name:Westlake Associates, Inc.
  • Office Phone:(206) 505-9400
  • Office Website:
Travis Kannier
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
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Price Information
  • Listing Price$ 2,800,000.0
  • $/SF$ 404.7
  • $/Unit$ 2,800,000.0
  • Listing StatusAvailable
  • Days on Market775
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income183,854
  • Vacancy Factor %3.04%
  • Operating Expenses45,521
  • Net Operating Income132,747
  • CAP Rate 4.94 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.94 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units10
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6918
  • Net Rentable Area6918
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF7841
  • Acres0.18
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaS. Seattle
  • Tax ID #1426300305
  • Additional Parcels
  • ZoningLR3
Construction
  • Year Built1966
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Mt Baker 10-Unit For Sale

Public Comments

Built in 1967 and recently renovated in 2019-2020, Quaker Court is a 10-unit apartment building located in the Mt. Baker neighborhood. This convenient, urban location is just blocks from Mt. Baker Station, several recreational parks, restaurants, and schools. The systems throughout the building that have been updated include the following: in-unit Washer/Dryer, Quartz counters, LVP flooring, stainless appliances, new decks, freshly painted exterior and common areas with new carpet. This is an excellent value-add opportunity from a management perspective, as all the heavy lifting has been completed; simply raise the income. Comparable rents nearby show that there is room to considerably raise rents without additional upgrades. The Central District has see some of the strongest rents for an

Public Building Comments

Apt. D+S #29258

Listing Images