We are pleased to present Gilman Park Plaza, a 16-unit multifamily asset at 801 Northwest 54th Street in Seattle. This 1954-vintage property features durable masonry construction across 6,560 rentable square feet. With a new TPO roof installed in 2024, the asset is well-positioned with recent capital upgrades. The property is offered at an attractive 6.46% capitalization rate, providing strong day one returns. A significant value-add opportunity exists as current rents are below market, allowing a new owner to capture substantial upside. With further unit renovations and increasing rents 10% a year, an investor can achieve a market cap rate of 7.72%, significantly boosting cash flow and overall asset value in a desirable Seattle submarket.

15 - 1 BD/1 BA units and 1 2BD/1BA in 2 story walk up.