MLS #2440960 / Listing provided by NWMLS & Urban Commercial Partners, LLC.
$4,700,000
2350 Beacon Avenue S
Seattle,
WA
98144
Sq Ft
Per Sq Ft
Year Built
Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 6
- Uncovered Parking Spaces: 6
- Open Parking Spaces: 6
Structure
- Roof: Torch Down
- Exterior Features: Brick, Wood
- Foundation: Poured Concrete
Lot Details
- Lot Features: Corner Lot, Paved
- Acres: 0.2391
- Foundation: Poured Concrete
Schools
- High School District: Seattle
Lot Details
- Lot Features: Corner Lot, Paved
- Acres: 0.2391
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: Seattle City Light
Water, Sewer, and Garbage
- Sewer Company: SPU
- Sewer: Sewer Connected
- Water Company: Seattle Public Utilities
- Water Source: Public
- Water, Sewer, and Garbage: 22104
Cindi Squance
Broker | REALTOR®
Send Cindi Squance an email