Views
Address
2350 Beacon Avenue S, Seattle, WA
Price
$ 4,700,000
Property Attributes
- ID#2440960
- TypeMulti-Family
- CountyKING
- CitySeattle
- AreaSODO-Beacon Hill
- NeighborhoodBeacon Hill
- Zip98144
- Style10+ Units
- Year Built1958
- Taxes$ 30238
- Price$ 4,700,000
- Bedrooms19
- Full Bathrooms16
- Half Bathrooms0
- Sqr Footage9900
- Lot Size0.2391 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.
| Price History | |
|---|---|
| 10/3/2025 | Listed $4,700,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Possession | Closing,Subject To Tenant Rights |
| Roof | Torch Down |
| Year Built | 1958 |
| View | Mountains,Territorial |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| Building Name | Westward Apartments |
| County | King |
| Net Operating Income | 266445 |
| Insurance Expense | 24383 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | Beacon Hill |
| Possible Use | Multi-Family,Residential |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS |
| City | Seattle |
| Senior Community Y/N | No |
| High School District | Seattle |
| Zoning Description | Multi-Family,Residential |
| Open Parking Spaces | 6 |
| Number Of Units Total | 16 |
| MLS Area | 385 - SODO/Beacon Hill |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 10415 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 30238 |
| Electric Expense | 1108 |
| Public Remarks | Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016,the property offers a mix of one-and two-bedroom units with updated finis |
| Leasable Area | 9700 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | Seattle Public Utilities |
| Units Below Grade | false |
| Units In Building Total | 16 |
| Water Sewer Garbage | 22104 |
| Property Style | 56 - 10+ Units |
| Cap Rate | 5.7 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Hardwood |
|---|---|
| Total Stories | 3 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Brick,Wood |
|---|---|
| Lot Features | Corner Lot,Paved |
| Water Source | Public |
| Foundation Details | Poured Concrete |
| Building Area Total | 9900 |
| Lot Size Acres | 0.2391 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Parking Uncovered Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98144
Price
Taxes
Year Built
Visits
In The Neighborhood
Views
Seattle
$ 749,950
- Type
- Multi-Family | Active
- Size
- 2,540 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: eXp Realty
Reduced
Seattle
$ 1,335,000
- Type
- Multi-Family | Active
- Size
- 4,230 SqFt
- Rooms
- 6 Beds + 5 Baths
Listed by: John L. Scott Des Moines
Short Sale
Seattle
$ 2,500,000
- Type
- Multi-Family | Active
- Rooms
- 12 Beds + 12 Baths
Listed by: John L. Scott Mill Creek
Reduced
Seattle
$ 4,295,000
- Type
- Multi-Family | Active
- Size
- 12,117 SqFt
- Rooms
- 27 Beds + 23 Baths
Listed by: Lee & Associates Commercial RE
Reduced
Seattle
$ 4,500,000
- Type
- Multi-Family | Active
- Size
- 8,580 SqFt
- Rooms
- 16 Beds + 17 Baths
Listed by: Urban Commercial Partners, LLC
