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Listings/Queen Anne 3

Queen Anne 3

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Sold – $1,300,000

This listing has closed. Please visit our Listings page to view apartment buildings and development land currently available for purchase.

Executive Summary

The Queen Anne 3 is an ideal investment opportunity located at the top of Seattle’s prime Queen Anne neighborhood. Own and live in Queen Anne for $1,636 per month in a renovated 1,350 SF unit or operate as an investment property with $15,704 cashflow annually, and take advantage of additional value-add upside by renovating the two 1-bedroom units.

Offering Details

Price
$1,275,000
Cap
5.04%
Address
2227 3rd Ave W, Seattle
No. of Units
3

Property Summary

Year Built
1931
Building SF
2,920 SF
Stories
1 + basement
Parking
3 stalls
Storage
4 units
Parcel No.
239710-0731

Opportunity

Top of Queen Anne: Queen Anne 3 is located in the highly coveted “Top of Queen Anne” neighborhood. Comprising primarily single-family residential blocks, only ten properties with fewer than 15 units sold in the past two years.

Own & Live in Queen Anne for $1636 / Month: Owner occupants – live on site while tenants pay your mortgage. Harvest continuing rent growth driven by the desirability of both location and unit types.

Cash Flowing with Upside: Queen Anne 3 is a great cash-flowing asset with one fully renovated unit; the other two well-maintained units received kitchen and bathroom upgrades in 2007, leaving room for additional value-add upside.

Top of Queen Anne

Own & Live in Queen Anne for $1636 / Month

Cash Flowing with Upside

Location

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Queen Anne 3

2227 3rd Ave W
Seattle, WA 98119
Units: 3
Price: $1,300,000

About the Area

From the Seattle Center to Kerry Park, Queen Anne is Seattle’s defining neighborhood.

One of the oldest neighborhoods in Seattle, Queen Anne was the original home of many of the city’s founding figures. Today, Queen Anne maintains a consistent reputation as one of Seattle’s best neighborhoods. Queen Anne 3’s prime location at the top of Queen Anne affords residents easy access to Seattle’s favorite restaurants, coffee shops, and “livability” amenities such as grocery stores, schools, and other service providers.

And while Queen Anne 3 is lucky to call Queen Anne home, it also boasts proximity to the region’s top employers in South Lake Union, Fremont, and Downtown Seattle.​

Trader Joe's

3 minute bus ride

Macrina Bakery

6 minute walk

Seattle Pacific University

6 minute bus ride

Safeway

7 minute walk

South Lake Union

15 minute bus ride

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