Beacon Flats presents a compelling investment opportunity: a 17-unit apartment community ideally situated in Seattle’s vibrant North Beacon Hill neighborhood, just a short walk from the Beacon Hill Light Rail Station. Built in 1957 and renovated in 2017, this three-story brick-veneer building combines classic charm with modern convenience. The property features a unit mix of studios, one-bed, and two-bed apartments, each offering functional layouts and in-unit washer/dryer amenities. Operating at near-full occupancy year-round, Beacon Flats demonstrates strong tenant demand. Current rents average $1,678, below the area’s market average of $1,776, highlighting immediate upside potential through strategic rent adjustments.
Active
Listed by:
Tyler J. Bretz,
Urban Commercial Partners, LLC,
Jason Elrod,
Urban Commercial Partners, LLC
$4,700,000
1401 S Holgate Street, Seattle, WA 98144
16beds
17baths
8,580sqft
Est.:
Multi Family
Built in 1957
-- sqft lot
$1,013,900 Zestimate®
$548/sqft
$-- HOA
What's special
Functional layouts
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