10505 24th Ave NE
Seattle WA 98125
10505 24th Ave NE
10505 24th Ave NE Seattle WA 98125
Listing #: 714642 | Status: Available | Last Modified: 7/2/2026 |
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) 681-7695
- Agent Email:winslow.lee@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,400,000.0
- $/SF$ 244.4
- $/Unit$ 4,400,000.0
- Listing StatusAvailable
- Days on Market15
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income349,260
- Vacancy Factor %5.00%
- Operating Expenses120,307
- Net Operating Income211,490
- CAP Rate 5.20 %
- 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 5.20 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units20
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF18000
- Net Rentable Area18000
- Total Office SF
- Largest Contiguous SF
- Lot SF17862
- Acres0.41
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaN. Seattle
- Tax ID #8902000060
- Additional Parcels
- ZoningLR3 (M)
- # Covered Spaces17
- # Uncovered Spaces12
- Total Parking Spots29
- Parking Ratio
- Year Built1980
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Cascade View Apartments
$600,000 PRICE IMPROVEMENT — Cascade View is now offered at $4,400,000, presenting investors with a rare opportunity to acquire a 20-unit value-add apartment community in Seattle’s Northgate/Morningside neighborhood. First time on the market, this legacy asset has been family-developed, owned, and managed since 1980 and features large average unit sizes of approximately 900 SF. Cascade View offers a desirable mix of spacious one-, two-, and three-bedroom units with in-unit washer/dryers, dishwashers, disposals, copper plumbing, modern GE electrical panels, aluminum double-pane windows, and a new TPO roof completed in 2022. The property also includes 17 covered garage stalls, approximately 12 open parking stalls, secure access, storage rooms, and select vaulted-ceiling units. With in-place rents approximately 32% below market and the ability to increase rental income by approximately 64% through renovations, Cascade View offers a clear path to upside. Located just minutes from Northgate Station, the Link Light Rail, Lake City Way, I-5, and the ongoing Northgate redevelopment, the property provides strong long-term fundamentals in one of Seattle’s most connected and evolving neighborhoods.
