MLS: #NWM2527028, Listed By: Ben Douglas, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service
2820 15th Avenue
Seattle, WA 98119
0
Bed
0
Bath
14,975Sqft
0.39Acre(Lot)
The property consists of 19 one-bedroom / one-bathroom units, one one-bedroom + office / one-bathroom, and one three-bedroom / two-bathroom unit, totaling 14,975 rentable square feet across three stories of wood-frame construction. The property has been meticulously maintained during the current ownership and this is the first time the property has been marketed in 33 years. Current rents average below market across the portfolio, with one-bedroom units running approximately 6% below comparable market rents and the three-bedroom unit carrying meaningful additional upside. An investor operating the building at market rents and fully charging for parking and storage will bring the proforma cap rate to 7.0% with minimal capital needed. The building has been meticulously maintained throughout
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatRoofing Information
Flat -
Flooring Information
Flooring: Laminate, Carpet Construction Materials: Stucco -
Heating & Cooling
Heating: Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1969 -
Exterior Features
Stucco Construction Materials: Stucco Foundation Details: Poured Concrete
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Lot Information
Lot Square Feet: 16950 Lot Acres: 0.3891Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$4000000
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Tax Information
Annual Tax: $52945 Tax Year: 2026 Parcel Number: 2770603845
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Parking Information
Total Parking: 20
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Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: Interbay City: Seattle Direction: Continue onto Elliot Ave W towards Ballard. Continue onto 15th Ave W. Turn right onto W Armour St. Turn left. Destination will be on the left.
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ByOwner last updated this listing 06/17/2026 @ 06:20
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