Offering Summary

Address 1215 Queen Anne Ave N, Seattle, WA 98109
Total Units 14 (1 NC)
Built 1958
Square Feet 7,856 Total Net Rentable
Price $4,000,000
Price Per Unit $285,714
Price Per Sq.Ft. $509
Current GRM/CAP 18.8/3.4% (2% Vacancy)
Market GRM/CAP 13.7/5.0% (4% Vacancy)
Lot Size 6,000 Square Feet
ZONING MR - Urban Village

Sales Comparables

La Fonda Apartments
1215 Queen Anne Ave N
Seattle, WA 98109
Year Built 1958
Units 14
Sale Price $4,000,000
Price/Unit $285,714
Price/Foot $509
GRM/CAP 18.8/3.4%
Sale Date TBD
Harriet Manor
1304 E Harrison St
Seattle, WA
Year Built 1960
Units 9
Sales Price $3,660,000
Price/Unit $406,667
Price/Foot $590
GRM/CAP 17.6/4.4%
Sales Date 1.12.2018
McLean House
8 W Howe St
Seattle, WA
Year Built 1947
Units 7
Sale Price $1,825,000
Price/Unit $260,714
Price/Foot $514
GRM/CAP 16.8/4.1%
Sales Date 12.27.2017
The Westerner
4200 Fremont Ave N
Seattle, WA
Year Built 1962
Units 8
Sale Price $2,080,000
Price/Unit $260,000
Price/Foot $557
GRM/CAP 14.9/4.9%
Sales Date 11.21.2017
Normandy Arms
420 13th Ave E
Seattle, WA
Year Built 1930
Units 16
Sale Price $4,600,000
Price/Unit $287,500
Price/Foot $516
GRM/CAP 17.7/3.5%
Sales Date 9.29.2017
Summerhill Apartments
615 Ward St
Seattle, WA
Year Built 1968
Units 7
Sale Price $2,618,000
Price/Unit $374,086
Price/Foot $448
GRM/CAP 20.8/2.6%
Sale Date 7.10.2017

Sales Comparables MAP

La Fonda Apartments
1215 Queen Anne Ave N
Seattle, WA 98109
Harriet Manor
1304 E Harrison St
Seattle, WA
McLean House
8 W Howe St
Seattle, WA
The Westerner
4200 Fremont Ave N
Seattle, WA
Normandy Arms
420 13th Ave E
Seattle, WA
Summerhill Apartments
615 Ward St
Seattle, WA