REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

Listed by:Paragon Real Estate Advisors • Will Douglas • Ben Douglas
$2,550,000
Est. payment /mo
16 Beds
8 Baths
6,272 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,272 sqft
Price per Sqft $406
Subdivision Interbay
MLS Listing ID 2584084
Style 55 - 5-9 Units
Bedrooms 16
Year Built 1961
Annual Tax Amount $22,758
Lot Size 9,000 Sqft
Property Sub-Type Multi Family
Property Description
The Deauville Apartments is an 8-unit apartment community above the Interbay corridor in North Queen Anne. Built in 1961 and fully renovated since 2019, with $325k invested, the property offers a turn-key investment with strong in-place revenue and streamlined operations in one of Seattle's most desirable rental markets. The 8 two-bedroom homes average 784 square feet and each offer view windows, dishwashers, in-unit washers and dryers, modern updates, off-street parking, and access to storage. Unique features contributing to strong tenant demand include new hardwood floors in most units, lush gardens, outdoor spaces, and territorial views. Convenient access to major employers and transit is a draw for tenants employed in Downtown Seattle, Fremont, University of Washington, South Lake Union, and First Hill. Nearby Ballard, Fremont, and Interbay also offer extensive shopping and amenities for tenants. Recent systems updates have included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout, roof and storm drainage upgrades, and a full exterior refresh (repairs, paint, fixtures). There is future redevelopment on this 9,000 square foot LR3(M)-zoned lot and there is the ability to add a 9th unit in the common laundry room/storage area.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Hardwood, Laminate
Fireplace false
Exterior
Exterior Feature See Remarks
View Y/N No
Roof Type Flat
Building
Sewer Available
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info

"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations





