8309 5th Ave NE
Seattle WA 98115

5th Avenue Manor

8309 5th Ave NE Seattle WA 98115

Listing #: 686340 | Status: Pending | Last Modified: 11/4/2024 |

For Sale
David Petersen
Chad Martini
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 4,000,000.0
  • $/SF$ 292.0
  • $/Unit$ 4,000,000.0
  • Listing StatusPending
  • Days on Market67
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income362,406
  • Vacancy Factor %5.34%
  • Operating Expenses121,910
  • Net Operating Income221,129
  • CAP Rate 6.01 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 6.01 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors4
  • # of Units16
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF13700
  • Net Rentable Area13700
  • Total Office SF750
  • Largest Contiguous SF
  • Lot SF11151
  • Acres0.26
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaN. Seattle
  • Tax ID #2061100055
  • Additional Parcels
  • ZoningNC1-55(M)
Parking Information
  • # Covered Spaces6
  • # Uncovered Spaces9
  • Total Parking Spots15
  • Parking Ratio
Construction
  • Year Built1969
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

5th Avenue Manor For Sale

Public Comments

5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a prestigious building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 6.01%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.

Listing Images