Bought with Northmarq Multifamily, LLC
$2,850,000
$2,875,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
21 Beds
11 Baths
8,800 Sqft Lot
SOLD DATE : 12/12/2025
Key Details
Sold Price $2,850,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 2409472
Style 56 - 10+ Units
Bedrooms 21
Year Built 1975
Annual Tax Amount $21,147
Lot Size 8,800 Sqft
Property Sub-Type Multi Family
Property Description
We are pleased to present the 608 W Emerson Apartments, located along W Emerson St in North Queen Anne, walking distance from Seattle Pacific University. All units were upgraded in 2016, including updated kitchens with new finishes and fully upgraded bathrooms with modern fixtures and motion sensor fans. The property is being listed 100% vacant, providing an excellent opportunity to renovate all 10 units with modern finishes and achieve higher rents. It includes a laundry facility, balconies with views, 14 uncovered parking spaces, mature landscaping, and storage space. The asset stabilizes to a 7.42% cap on cost and a 9.42% cash on cash return at $2.875M ($287,500/unit; $376/SF).
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Ceramic Tile, Laminate, Carpet
Exterior
Exterior Feature Cement/Concrete, Stucco, Wood
View Y/N Yes
View Canal
Roof Type Torch Down
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634