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Charlemagne Apartments
1300 14th Ave S Seattle WA 98144
Listing #: 708140 | Status: Pending | Last Modified: 3/27/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 306,672 |
| Vacancy Factor % | 4.60% |
| Operating Expenses | 105,569 |
| Net Operating Income | 186,986 |
| CAP Rate | 6.38 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.380 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| # of Units | 14 |
| Total Building SF | 12,156 SF |
| Net Rentable Area | 8,010 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 9,583 SF |
| Acres | 0.22 |
| Year Built | 1964 |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Vicinity | Beacon Hill |
| Market Area | S. Seattle |
| Tax ID # | 7133300055 |
| Zoning | LR3(M) |
| Parking Information | |
|---|---|
| # Uncovered Spaces | 12 |
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.
Charlemagne Apartments
1300 14th Ave S Seattle WA 98144
Listing #: 708140 | Status: Pending | Listing Date: 2/3/2026 | Last Modified: 3/27/2026 | Email Listing
For Sale
Charlemagne Apartments
