$5,750,000
For Sale

814 Columbia Street

Seattle, WA 98104
7194 sqft | 0.07 acres | #2301687
Listing OfficeBlake Investment Advisors
Browse 7 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Columbia Place, a 23-unit apartment building positioned on First Hill, one of Seattle’s most charming and convenient neighborhoods for residents who work downtown. The opportunity exists for a new investor to acquire a turn-key asset that has undergone extensive interior and exterior rehabilitation in recent years. Current operations yield an average rent of $1,202 per unit, but market rent comparables suggest that rents can be raised to an average of $1,352 per unit upon lease expiration. Market rents can be captured without capital expenditure as the current ownership purchased the property vacant and thoroughly updated the property throughout. Owner financing may be available to qualified buyers.

  • Property Details
      • Date ListedOctober 14, 2024
      • Sewer InformationSewer Connected
      • Style56 - 10+ Units
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • SubdivisionFirst Hill
      • Original List Price$5,750,000
      • School DistrictSeattle
      • Taxes Annual$37,576
      • MLS #2301687
      • Cost5750000
      • MLS #2301687
      • Exterior MaterialsStucco
      • Acres0.0661
      • FoundationBlock
      • ViewCity
      • Square Feet7194
      • Year Built1907
      • CountyKing
      • Days on Market (Cumulative)69
      • Stories4
Brad Wakeman
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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