119 19th Ave - Apartments FOR SALE


Seattle, WA 98122
$6,500,000 USD
206-442-2764
119 19th Ave, Seattle, WA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/35
null | 5.32% Cap Rate

119 19th Ave
Seattle, WA 98122


OVERVIEW

CBRE proudly presents The Chateau Apartments in Seattle’s Squire Park neighborhood. Sitting on a 23,040 sq. ft. corner lot, just five minutes from downtown Seattle, the Chateau is a three-story building with 21 total units. Featuring 8 one-bedroom units, 12 two-bedroom units, and a large 1,071 sq. ft. 3-bedroom unit, the Chateau has an attractive unit mix for a diverse pool of renters in the neighborhood. Additionally, the large lot is zoned LR3 (M) and would be suitable for future apartment or townhome development. In fact, a MUP was issued in 2019 for a 70-unit apartment building.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

21

PRICE/UNIT

$309,524

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Chateau

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,039 SF

ZONING

LR3 (M)

APN/PARCEL ID

982670-0940

ASK ABOUT THIS PROPERTY

206-442-2764

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206-442-2764

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