3425 14th Ave W
Seattle WA 98119
Belvedere Apartments
3425 14th Ave W Seattle WA 98119
Listing #: 708237 | Status: Pending | Last Modified: 4/20/2026 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:www.paragonrea.com
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Agent Phone:(206) 406-9105
- Agent Email:rowan@paragonREA.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,988,000.0
- $/SF$ 325.0
- $/Unit$ 3,988,000.0
- Listing StatusPending
- Days on Market77
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income333,653
- Vacancy Factor %5.00%
- Operating Expenses143,204
- Net Operating Income173,766
- CAP Rate 4.78 %
- 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 4.78 %
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units19
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF12270
- Net Rentable Area12270
- Total Office SF
- Largest Contiguous SF
- Lot SF9148
- Acres0.21
- Property TypeMulti-Family
- Office Type
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #2770603510
- Additional Parcels
- ZoningLR3-RC(M)
- # Covered Spaces10
- # Uncovered Spaces9
- Total Parking Spots19
- Parking Ratio
- Year Built1989
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
The Belvedere Apartments
Well-located 19 unit multifamily investment positioned in Seattle’s Queen Anne / Interbay corridor with expansive views overlooking Interbay, Magnolia, and Fishermen’s Terminal. The unit mix consists of a combination of large studio units and large one-bedroom residences with an average unit size of approximately 646 square feet. Most units have received interior updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. Building capital improvements include the installation of a new TPO roof in 2025. Other building systems include copper plumbing, GE electrical panels, and double-pane aluminum windows. Additional amenities such as secured covered garage parking, a secured entry intercom system, in-unit water tanks, on-site laundry, and base













