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.
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
Est.:
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
- 57 days |
- 224 |
- 7 |
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