Listing courtesy of Lee & Associates Commercial RE
$3,400,000
We are pleased to present the Emerson Apartments, a 12-unit apartment community built in 1965 in Seattle’s coveted North Queen Anne neighborhood, delivered fully vacant at closing. This rare offering gives investors and owner-occupants the immediate ability to lease all units at current market rents, pursue targeted renovations, or both,… Read More with no inherited lease obligations and no displacement concerns. The building offers 6 1BD and 6 2BD with spacious bedrooms, living areas, and select units featuring private decks with canal views. There are 12 surface parking spaces and a dedicated laundry and storage room on each of the 3 floors. Major systems are addressed: new siding and exterior painting in 2002, a roof replacement, electrical upgrades in 2023 and 2024, and interior renovations in 2015 covering new appliances, kitchen and bathroom remodeling, and new exterior doors throughout. A new owner can direct capital toward light interior value-add rather than deferred maintenance. Positioned on W Emerson Street, the Emerson Apartments offer seamless access to Interbay, Fremont, Ballard, South Lake Union, and Downtown Seattle, with major employers including Apple, Meta, Anthropic, Google, Amazon, and Expedia all within easy reach. With a well-maintained building and fully vacant delivery, the Emerson Apartments represent an immediate executable opportunity to lease, reposition, and maximize returns from day one. Read Less
Listing courtesy of Lee & Associates Commercial RE
Listing Snapshot
Cumulative Days On Market
4
Days on Website
4
Last Updated
Property Type
Multi Family
Lot Size
0.2 Acres
Year Built
1965
Property Tax
$31,856
MLS Number
2550372
30 Days Snapshot Of 98119
$1.14M
+1%
(avg) sold price
21
-12%
homes sold
88
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Leasable Area: 8860, Living Area: 0, Number Of Units Total: 12, Stories Total: 3, Structure Type: "Multi Family", Units In Building Total: 12, Year Built: 1965, Year Built Effective: 1995
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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