$2,950,000
Northgate 9
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 679073
1824 N 103rd St
Seattle, WA 98133

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Commercial Property

Marketing Description:

ASSUMABLE FINANCING with a 3.32% Interest Rate. Constructed in 1986, Northgate 9 is a three-story, wood-framed building featuring a ground-floor parking garage. The property comprises nine 2-bedroom, 2-bathroom apartment units, each spanning an average of 1,108 square feet. Every unit boasts an open-concept layout, covered balconies, full appliance package and in-unit full-size washers and dryers. Northgate 9 presents a unique investment opportunity. Prospective investors can capitalize on the property’s strategic location and low-maintenance appeal. Furthermore, there’s potential for enhancing returns by renovating additional unit interiors, adjusting rents to align with market rates, and securing the parking garage by adding a garage door and charging for parking.

Land Features:

  • Lot Size: 7318 SqFt
  • Lot Acreage: 0.17 Acres
  • Zoning: LR3(M)
  • Total Parking: 9
  • Covered Parking: 9

Building Features:

  • Building Size: 13512 SqFt
  • Available Space: 9975 SqFt
  • Number of Floors: 3
  • Cap Rate: 5.91%
  • Year Built: 1986
This Listing Supplied Courtesy of Westlake Associates, Inc.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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