4201 SW Graham St
Seattle WA 98136

Westernaire Apartments

4201 SW Graham St Seattle WA 98136

Listing #: 658951 | Status: Available | Last Modified: 5/3/2023 |

For Sale
David Petersen
Ryan Iles
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 4,950,000.0
  • $/SF$ 365.6
  • $/Unit$ 176,785.7
  • Listing StatusAvailable
  • Days on Market207
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income442,491
  • Vacancy Factor %0.00%
  • Operating Expenses142,793
  • Net Operating Income299,698
  • CAP Rate 6.06 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units28
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 6.06 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units28
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF13540
  • Net Rentable Area
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF10000
  • Acres0.23
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building ClassA
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaWest Seattle
  • Tax ID #0826000135
  • Additional Parcels
  • ZoningLR3
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1956
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

Westernaire Apartments

Public Comments

Under $200K a Unit, 6.05% proforma cap, great location close to retail, entertainment and services. With clean and cool mid-century architecture, the Westernaire sits proudly on a 10,000 square foot corner lot just one block from California Ave in a wonderful West Seattle location. On the market for the first time in over 30 years, the Westernaire features a total of 28 apartments with 27, one-bedroom units and 1, larger two-bedroom unit. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover and is perfectly positioned for new ownership that wants a stable, turn-key asset or a value-add property to renovate and “reposition”. The ability to acquire a well-maintained and well-located, 28 unit mid-century apartment building wi

Listing Images