Queen Anne Homes with 55 - 5-9 Units Style

Queen Anne Homes with 55 - 5-9 Units Style

Welcome to the charming neighborhood of Queen Anne, located in Seattle, Washington. Queen Anne is a historic neighborhood known for its stunning views of the city skyline, Puget Sound, and the Olympic Mountains. This vibrant community offers a mix of residential streets, bustling commercial areas, and beautiful parks.

Homes with 5-9 units in Queen Anne offer a unique living experience for those looking for a blend of privacy and community. These properties provide a great opportunity for investors or those seeking a multi-unit living situation. With a mix of modern amenities and classic charm, these homes are perfect for those looking for a balance of comfort and convenience.

Living in Queen Anne means being surrounded by a variety of dining options, boutique shops, and cultural attractions. The neighborhood is also home to iconic landmarks such as the Space Needle and Kerry Park, making it a popular destination for both residents and visitors alike.

With its convenient location and picturesque surroundings, Queen Anne is a sought-after neighborhood for those looking to experience the best of Seattle living. Whether you're strolling through the tree-lined streets or taking in the breathtaking views, Queen Anne offers a truly unique and vibrant community for residents of all ages.

Newest Queen Anne Homes with 55 - 5-9 Units Style

$2,425,000
2531266 MLS ⋅ ACTIVE Status
The asset delivers a 6.15% current cap rate on day one providing a stabilized, high income-producing return in a submarket where most comparable listings are priced at sub-5.25% current yields. Six of the eight units have been fully renovated with market-quality finishes, the building has a new Durolast roof, and received a full exterior refresh (paint, lighting, and signage) within the last three years. The building consists of six renovated units including four 2BD/1BTH residences, one 1BD/1BTH, and one 1BD+Den/1BTH and two original 1BD/1BTH units currently occupied by long-term tenants paying below-market rents. The two original units represent significant upside for a new owner to bring these final two units to the same finish level and rent tier as the rest of the building, without touching the renovated units or any stabilized income. In-place renovated rents at Fairseas already reach $1,800 on the one bedroom, validating the finish level and rental capability. The property sits on an 8,400 square foot LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable North Queen Anne location: short walk to Seattle Pacific University, the RapidRide D Line, and the retail and dining on 15th Avenue West, with direct commuter access to South Lake Union, Downtown Seattle, Ballard, and Fremont.

1401 W Bertona Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

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