For Sale
$1,250,000

1624 45Th St Seattle, WA 98103

Seattle 12-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use building in Seattle's desirable Wallingford neighborhood presents a lucrative investment opportunity. The 2019-constructed, four-story building boasts 12 one-bedroom apartments totaling approximately 1,673 square feet of net rentable space, plus a ground-floor retail/restaurant suite of approximately 1,500 square feet gross floor area. Situated on a 0.08-acre lot zoned NC2P-55 (M) within the City of Seattle, this property offers significant potential for rental income. The building's total gross floor area is approximately 9,200 square feet. Given its location in a Residential Urban Village with excellent transit access, no on-site car parking is required, minimizing operational costs. Covered bicycle storage is included. The asking price is $1,250,000, translating to $375.95 per square foot and a land value of approximately $16,376,261 per acre. This property is located at 1624 N 45th St, Seattle, WA 98103. The building's prime location in the commercial core of the Wallingford Residential Urban Village ensures strong tenant demand and long-term value appreciation.

Highlights

  • Exceptional mixed-use building in Seattle's Wallingford neighborhood.
  • 2019 construction, four-story building with 12 one-bedroom apartments (1,673 sq ft net rentable) and a 1,500 sq ft ground-floor retail/restaurant suite.
  • 9,200 sq ft total gross floor area on a 0.08-acre lot, NC2P-55 (M) zoning.
  • Strong rental income potential in a vibrant, transit-oriented location; no on-site parking required.
  • $1,250,000 asking price ($375.95/sq ft, ~$16M/acre land value).
  • Located at 1624 N 45th St, Seattle, WA 98103.

Property Details for 1624 45Th St

Property type
Land, Apartment buildings
Square Feet
2,681 SF
Year Built
2019
Buildings
1
Stories
4
Lot Size (sq. ft)
3,485 SF
Units
12

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.6615922
Longitude
-122.3380032

FAQs

What type of property is this?
Land - Seattle 12-unit apartment building, high ROI.
Where is the land located?
The property is located at 1624 45Th St Seattle, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Exceptional mixed-use building in Seattle's Wallingford neighborhood.; 2019 construction, four-story building with 12 one-bedroom apartments (1,673 sq ft net rentable) and a 1,500 sq ft ground-floor retail/restaurant suite.; 9,200 sq ft total gross floor area on a 0.08-acre lot, NC2P-55 (M) zoning.
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1624 45Th St
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