Address Map
USA
Washington
King
Seattle
98117
16th Ave
8500
W123° 37' 20.6''
N47° 41' 27.2''
NW
Additional Information
Steven Chattin
19507
1000077
12,415 Sqft
Elskan
Fremont/Ballard
3
85016
AZ
Phoenix
2425 E Camelback RD #960
Property Description

Elskan represents a stable and desirable investment opportunity, having been held by a single owner for over 30 years. Recent unit improvements have strengthened its market positioning, with the latest leases reflecting a 15% increase in rental rates, underscoring its revenue potential. The property is situated in a robust economic area, with a median household income of $128,455 within a 2-mile radius and 13,124 households earning over $200,000, supporting high occupancy rates and premium rental pricing. Elskan’s strategic location within the Crown Hill urban village zoning overlay offers a competitive advantage, featuring a nearly 1:1 parking ratio and no minimum parking requirements for future developments. Additional income is generated through on-site laundry facilities, and there is

For Sale

8500 16th Ave, Seattle, Washington 98117

  • Square Footage: 14,871 Sqft
$5,000,000
Listing ID#698288
QR Code
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 698288
Price : $5,000,000
Square Footage : 14,871 Sqft
Year Built : 1976
Status : Active
Office Name : Berkadia Real Estate Advisors, LLC
Property Sub Type : Multi-family
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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Berkadia Real Estate Advisors, LLC