Listing Provided Courtesy Of:
Pilot Ventures LLC and NWMLS
3011 14th Avenue W Seattle, WA
$ 1,515,000
Property Attributes
  • ID#1758798
  • TypePending
  • CountyKING
  • CitySeattle
  • AreaQueen Anne-Magno
  • NeighborhoodQueen Anne
  • Zip98119
  • Style5-9 Units
  • Year Built1960
  • Taxes$ 14652
  • Price$ 1,515,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3600
  • Lot Size5,998 SqFt
Listing Provided Courtesy Of:
Pilot Ventures LLC and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Valley View Apartments is a well-cared for, stabilized asset with upside in one of Seattles most sought-after neighborhoods. Six spacious 600sf, 1b/1b units, updated over the years with new cabinets, quartz countertops, and updated appliances. Common laundry and a private landscaped backyard. Off-street parking and easy commuting. Minimal deferred maintenance and room to increase performance and capture upside through modernizing interiors. Buyers can expect upwards of a 5.15% stabilized cap-rate and a 4.50% stabilized cash-on-cash return without much of the heavy lifting typically required in a value-add purchase.

Price History
4/16/2021 Listed $1,515,000

General Features

Amenities Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions From I-5, Mercer St Exit toward Seattle Center. Continue on Mercer St until end, then right on Elliott Ave W (turns into 15th Ave W). Right on W Dravus St, right on 14th Ave W. Property on right.
Electric Expense 2500
Exterior Features Wood Products
High School District Seattle
Insurance Expense 2591
Leasable Area 3600
MLS Area 700 - Queen Anne/Magno
Net Operating Income 60922
New Construction No
Open Parking Spaces 5
Possession Closing
Possible Use Residential
Property Style 55 - 5-9 Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name 14th
Structure Type Multi Family
Subdivision Name Queen Anne
Tax Annual Amount 14652
Tax Year 2020
Terms Cash Out, Conventional
Total Units 6
Units Below Grade false
Units In Building Total 6
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 2399
Year Built 1960
Zoning Class Residential

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 3

Exterior Features

Building Area Total 3600
Irrigation Water Rights Y/N No
Lot Features Curbs, Paved, Sidewalk
Lot Number 15
Lot Size Acres 0.1377
Lot Size Square Feet 6000
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 5
Total Parking 5
View Y/N No
Waterfront Y/N No


  • 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 Pending Average in 98119

AVG $1.08M
AVG $7,925
AVG 21
Year Built
AVG 1973
AVG 79
Data Provided by Walkscore ® not using MLS data

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