2515 Belvidere Ave SW
Seattle WA 98126
2515 Belvidere Avenue SW
2515 Belvidere Ave SW Seattle WA 98126
Listing #: 692341 | Status: Available | Last Modified: 12/4/2025 |
For Sale
- Phone:(206) 938-6829
- Email:craigroberts@bhhsnwrealestate.com
- Office Name:Berkshire Hathaway HomeServices Northwest Real Estate
- Office Phone:(206) 932-4500
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,600,000.0
- $/SF$ 528.4
- $/Unit$ 4,600,000.0
- Listing StatusAvailable
- Days on Market303
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income276,660
- Vacancy Factor %0.00%
- Operating Expenses63,860
- Net Operating Income212,800
- CAP Rate 4.63 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.63 %
- Building StatusExisting
- # of Buildings5
- # of Floors2
- # of Units13
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8705
- Net Rentable Area8705
- Total Office SF
- Largest Contiguous SF
- Lot SF18923
- Acres0.43
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross StreetAdmiral Way
- Market AreaWest Seattle
- Tax ID #9275701850
- Additional Parcels
- ZoningNR3
- # Covered Spaces0
- # Uncovered Spaces1
- Total Parking Spots1
- Parking Ratio
- Year Built1937
- Year Renovated2023
- Completion Date
- Roof Type
- Construction TypeWood
ONCE IN A LIFETIME INVESTMENT OPPORTUNITY: Welcome to North Admiral, one of West Seattle's premier locations and home to the Sasonoff 13 Unit Apartment Complex. A combination of four duplexes and a five unit Apartment Building. Great numbers with a currant annual GSI of $276,600.00. With $63,860 in annual expenses (23%) this is a true performing 4.63% capitalization Rate. Family owned and well managed for over 40 years. Each of the three Duplex' offers decks. There is a one car detached garage (owner uses for storage) for extra income and coin op laundry facilities (income not included in GSI). 18,362 Sq. feet of NR3 zoned property. Please call helpful listing agent for details, showings and financials.
