PROPERTIES FOR SALE

16 Valley Street Seattle, WA 98109

NWMLS Courtesy of Lee & Associates Commercial RE
16 Valley Street
Seattle, WA 98109
$6,995,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Trophy 23 unit apartment community on the coveted south slope of Queen Anne, offering iconic Downtown Seattle views. Located in a true “Walker’s Paradise” just steps from Climate Pledge Arena and Seattle Center, nearly half the units capture views of the Space Needle, Mount Rainier, and partial Elliott Bay. Built in 1928, Ella Robert blends timeless architecture with thoughtful modernization. Over $1.1M has been invested in capital improvements, including updated electrical and plumbing systems, a 2020/2021 roof replacement, and a well maintained elevator, minimizing near term capital needs. The property features 14 secure sprinklered garage parking stalls, 20 on site storage units plus additional owner storage, and a private terraced courtyard with patio, turf, and garden areas, an uncommon amenity in this urban core setting. 17 of 23 units have been fully renovated, with 18 offering in unit laundry. Six units have partial updates, with plumbing already stubbed to streamline future renovations. A rare penthouse unit offers flexibility as a luxury owner’s pied à terre with income potential, previously utilized as a short term rental. With below market rents and clear upside through continued upgrades, rent optimization, and expense efficiencies, Ella Robert presents a rare opportunity to steward a legacy asset in one of Seattle’s most sought after neighborhoods.
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Property Features

Community: Queen Anne
10+ Units
View: See Remarks
Fenced-Fully
Sprinkler System
Exterior: Brick
Roof: See Remarks
Year Built: 1928
2025 Taxes: $55346.00
Buyer Broker Comp.: 1.5%
Listing #: 2482942

Lot Details

Lot Size: 0.25 acres
Lot Dimensions: 11067
Curbs
Paved
Sidewalk
No. of Units: 23

Interior

Cooling: None
Heating: Radiant, Baseboard
Electric
Natural Gas

Common Features

Coin Op Laundry
Elevator
Fire Sprinklers
Storage
See Remarks

Schools

District: Seattle
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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