Active
  • Listed by: 

    Reid Jones,

    Westlake Associates, Inc.

    Price cut: $100K (9/25)
    $2,195,000

    711 21st Avenue, Seattle, WA 98122

    18beds
    8baths
    6,036sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $2,038,000 Zestimate®
    $364/sqft
    $-- HOA

    What's special

    Surface parkingRebuilt unitsPex plumbingNew electrical panelsShared outdoor patioTorchdown roof
    Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 6.7%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.
    57 days
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    224
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    7
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