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1401 S Holgate St
Seattle, WA 98144

Beacon Flats · Multifamily Property For Sale · 17 Units

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Executive Summary

100% occupied 17-unit in North Beacon Hill. To the stud remodel. 13-minute walk from Beacon Hill Light Rail Station. The property is offered for sale individually or as a portfolio combined with Westward and Beacon View Apartments. Current NOI is $257,183 with in-place Cap Rate of 5.5%. Marginal income upside, rents slightly under market standard.

PROPERTY FACTS

Price Per Unit	$393,177 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.15 AC
Cap Rate	5.47%	Building Size	7,575 SF
Sale Conditions	1031 Exchange	Average Occupancy	100%
No. Units	17	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1957/2015
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price Per Unit	$393,177 CAD
Sale Type	Investment
Cap Rate	5.47%
Sale Conditions	1031 Exchange
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.15 AC
Building Size	7,575 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1957/2015
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Microwave
Washer/Dryer

Washer/Dryer Hookup
Granite Countertops

Hardwood Floors
Refrigerator

Stainless Steel Appliances

Site Amenities

Laundry Facilities

Security System

Gated

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	2	$2,135 CAD	475
1+1	14	$2,398 CAD	539 - 600
2+1	1	$3,278 CAD	950

zoning

Zoning Code	L-2, Seattle
L-2, Seattle

Listing ID: 33872563
Date on Market: 2024-11-14
Last Updated:
Address: 1401 S Holgate St, Seattle, WA 98144

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