Exceptional investment opportunity in Seattle's North Queen Anne neighborhood! 163 Etruria is a 9-unit apartment building featuring spacious one-bedroom, one-bathroom residences averaging 831 square feet. Built in 1975, the property offers approximately 7,475 net rentable square feet, shared laundry facilities, and off-street parking. Ideally situated near Fremont, Seattle Pacific University, and the Fremont Cut, residents enjoy convenient access to dining, shopping, entertainment, and major employment centers. Investors have an opportunity to increase income through unit renovations, rental growth, utility reimbursements, and parking revenue. Offered at $2,395,000 with a 6.13% in-place cap rate, the property presents an opportunity to acquire a well-located multifamily asset with value-add potential.
| MLS # | 2584915 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 8 |
| Listing Provided By | Kidder Mathews | Max Frame |
| SQ Feet | 7,475 |
|---|---|
| Story(s) | 3 |
| Units | 1 |
| Zoning | Multi-Family |
| Acreage | 0.17 |
| Property View | Yes |
| Property | 24254 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98109 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Queen Anne |
| Listing VS Median (in Queen Anne) | |
Price: $2,395,000 low | high Med: $740,000 sqft: 7,475 low | high Med: 1,310 $ / sqft: $320 low | high Med: $565 On site: 8 low | high Med: 39 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98109 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Queen Anne |
| Listing VS Median (in Queen Anne) | |
Price: $2,395,000 low | high Med: $740,000 sqft: 7,475 low | high Med: 1,310 $ / sqft: $320 low | high Med: $565 On site: 8 low | high Med: 39 | |
![]() | $2,800,00034 W Cremona StreetSeattle, WA 98119 |