1300 14th Ave S
Seattle WA 98144
Charlemagne Apartments
1300 14th Ave S Seattle WA 98144
Listing #: 708140 | Status: Pending | Last Modified: 3/27/2026 |
For Sale
- Phone:(206) 826-5692
- Email:kellan.moll@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,150,000.0
- $/SF$ 393.3
- $/Unit$ 3,150,000.0
- Listing StatusPending
- Days on Market90
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income306,672
- Vacancy Factor %4.60%
- Operating Expenses105,569
- Net Operating Income186,986
- CAP Rate 6.38 %
- 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 6.38 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units14
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF12156
- Net Rentable Area8010
- Total Office SF
- Largest Contiguous SF
- Lot SF9583
- Acres0.22
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- VicinityBeacon Hill
- Location Description
- Second Address
- Cross Street
- Market AreaS. Seattle
- Tax ID #7133300055
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces
- # Uncovered Spaces12
- Total Parking Spots
- Parking Ratio
- Year Built1964
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
The Charlemagne Apartments
We present the Charlemagne Apartments, a 14-unit community in Seattle’s Beacon Hill neighborhood. Built in 1964, the property has seen extensive system upgrades—including plumbing, sewer lines, electrical panels, and boiler—resulting in a well-maintained asset with limited near-term capital needs. Twelve of the fourteen units have been renovated with modern finishes, providing strong in-place performance with remaining upside. Offered at a 6.38% cap rate, the property delivers solid cash flow from day one with an estimated 7.69% cash-on-cash return. Additional value can be created by completing the final two unit renovations, pushing rents to market, and potentially adding 2–3 units in the basement, driving higher NOI and long-term appreciation.
