2510 - 2518 Western Ave
Seattle WA 98121
Ellis Court Apartments
2510 - 2518 Western Ave Seattle WA 98121
Listing #: 713908 | Status: Pending | Last Modified: 9/1/2026 |
For Sale
- Phone:(425) 736-5516
- Email:matt.laird@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 422-7840
- Agent Email:matt.johnston@kidder.com
- Agent Phone:(425) 691-6826
- Agent Email:jack.shephard@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 00.0
- $/SF$ 00.0
- $/Unit$ 00.0
- Listing StatusPending
- Days on Market121
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income1,028,731
- Vacancy Factor %6.00%
- Operating Expenses452,836
- Net Operating Income514,171
- CAP Rate 6.00 %
- 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 6.00 %
- Building StatusExisting
- # of Buildings1
- # of Floors5
- # of Units59
- # of Elevators1
- A/CYes
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF39050
- Net Rentable Area33012
- Total Office SF
- Largest Contiguous SF
- Lot SF13068
- Acres0.3
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaBelltown/Denny Regrade
- Tax ID #0653000130
- Additional Parcels
- ZoningDMR/C-145/75
- Year Built1990
- Year Renovated1997
- Completion Date
- Roof Type
- SprinklersYes
- Construction Type
Ellis Court Apartments
Ellis Court offers investors the opportunity to acquire a well-located 58-unit apartment building with 2,826 SF of commercial space in the heart of Belltown/Seattle’s Waterfront neighborhood. Built in 1990, the property features a highly efficient unit mix, including 46 open one-bedroom units, common laundry, secure access, elevator service, and a leased commercial suite. The asset benefits from a 98 Walk Score, 98 Transit Score, proximity to Downtown Seattle, the Waterfront, Olympic Sculpture Park, Seattle Center, Amazon, and major regional employment hubs. With attractive assumable financing at 4.31% interest-only through March 2031, meaningful rent upside through corrected unit positioning and light interior upgrades, and immediate operational upside through normalized management expenses, Ellis Court presents a compelling value-add investment opportunity in one of Seattle’s most walkable urban locations.
Has penthouse office. Views. Two car garage.
