$7,200,000 USD
253-486-6725
603 Pontius Ave N
Seattle, WA 98109
South Lake Union
HIGHLIGHTS
- TENANT RETENTION - Strong renewal history with nearly two-thirds of tenants renewing annually
- VALUE-ADD POTENTIAL - Updating finishes, appliances, and systems while preserving the charm—could raise rents by $142/month on average
- PARKING - Secure garage with 10 spaces—a unique and highly valued amenity in this neighborhood
- VIEWS - North-facing units enjoy views of Lake Union
FOR SALE DETAILS
PRICE
$7,200,000 USD
PRICE/SF
$302 USD /SF
# OF UNITS
30
PRICE/UNIT
$240,000
CAP RATE
5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Carlton Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Office/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1926
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,200 SF
ZONING
SCM 75, Seattle
APN/PARCEL ID
246740-0190
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253-486-6725
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253-486-6725
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