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Ellis Court Apartments
2510 - 2518 Western Ave Seattle WA 98121
Listing #: 713908 | Status: Available | Last Modified: 6/9/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 1,028,731 |
| Vacancy Factor % | 6.00% |
| Operating Expenses | 452,836 |
| Net Operating Income | 514,171 |
| CAP Rate | 6.00 % |
| 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 | 6.000 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 5 |
| # of Units | 59 |
| # of Elevators | 1 |
| A/C | Yes |
| Clearance Height Min | 0 |
| Total Building SF | 39,050 SF |
| Net Rentable Area | 33,012 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 13,068 SF |
| Acres | 0.3 |
| Year Built | 1990 |
| Year Renovated | 1997 |
| Sprinklers | Yes |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | C |
| Location | |
|---|---|
| County | King |
| Market Area | Belltown/Denny Regrade |
| Tax ID # | 0653000130 |
| Zoning | DMR/C-145/75 |
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 expens
Has penthouse office. Views. Two car garage.
Ellis Court Apartments
2510 - 2518 Western Ave Seattle WA 98121
Listing #: 713908 | Status: Available | Listing Date: 6/9/2026 | Last Modified: 6/9/2026 | Email Listing
For Sale
Ellis Court Apartments
