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10505 24th Ave NE
10505 24th Ave NE Seattle WA 98125
Listing #: 714642 | Status: Available | Last Modified: 7/2/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 349,260 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 120,307 |
| Net Operating Income | 211,490 |
| CAP Rate | 5.20 % |
| 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 | 5.203 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 20 |
| Total Building SF | 18,000 SF |
| Net Rentable Area | 18,000 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 17,862 SF |
| Acres | 0.41 |
| Year Built | 1980 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | N. Seattle |
| Tax ID # | 8902000060 |
| Zoning | LR3 (M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 17 |
| # Uncovered Spaces | 12 |
| Total Parking Spots | 29 |
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.
10505 24th Ave NE
10505 24th Ave NE Seattle WA 98125
Listing #: 714642 | Status: Available | Listing Date: 6/26/2026 | Last Modified: 7/2/2026 | Email Listing
For Sale
10505 24th Ave NE
