3238 15th Ave W
Seattle WA 98119

Dravus Apartments

3238 15th Ave W Seattle WA 98119

Listing #: 682790 | Status: Pending | Status Change Date: 06/11/2024 | Last Modified: 12/20/2024 |

For Sale
Candice Chevaillier, CCIM
Daniel Lim
Dea Sumantri
Chris Larsen
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,650,000.0
  • $/SF$ 374.1
  • $/Unit$ 275,000.0
  • Listing StatusPending
  • Days on Market202
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income121,123
  • Vacancy Factor %5.00%
  • Operating Expenses51,220
  • Net Operating Income63,846
  • CAP Rate 4.24 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units6
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 4.24 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units6
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF4410
  • Net Rentable Area4410
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF5663
  • Acres0.13
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaQueen Anne/Magnolia
  • Tax ID #2770603570
  • Additional Parcels
  • ZoningNC3-55(M)
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces10
  • Total Parking Spots10
  • Parking Ratio
Construction
  • Year Built1967
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Prime Location Apartment Building for Sale

Public Comments

We are pleased to present the exclusive listing of the Dravus Apartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle, Dravus offers its residents convenient proximity to local amenities and major employers such as Meta, Google, Expedia, and others. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedroom units, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. Dravus Apartments makes an excellent investment for inv

Public Building Comments

Apt. D+S #21039

Listing Images