Pine Place Apartments is a well-maintained 14-unit asset in North Seattle offering strong value-add potential. Built in 1989 with modern systems including copper plumbing, updated electrical, and Durolast roofing, the property is steps from the Northgate Light Rail, Kraken Iceplex, and Green Lake Park. The diverse unit mix includes 2-bed, 1-bed, open 1-bed, and studios, each with private decks, secure entry, and access to two laundry rooms and 12 garage parking spaces. With below-market rents and projected 22.2% upside, Pine Place presents an ideal repositioning opportunity in a high-demand, transit-connected submarket.
Listing Provided Courtesy of Dea Sumantri, Lee & Associates Commercial RE
General Information
NWM2357206
Multi Family
27
DOM
7688.34 SqFt
13848
1989
Multi-F
King
Residential Incom
Multi Family
Listing Provided Courtesy of Dea Sumantri, Lee & Associates Commercial RE
Krishna Realty data last checked: May 09, 2025 05:27 | Listing last modified May 07, 2025 21:43,
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Residence Information
13848
Flat
56 - 10+ Units
1989
Poured Concrete
Coin Op Laundry
Features and Utilities
Metal/Vinyl
Public
Sewer Connected
0
Financial
28115
Cash Out, Conventional, Rehab Loan
04-10-2025
Comparable Information
27
27
Cash Out, Conventional, Rehab Loan
$2,895,000
$2,895,000
May 07, 2025 21:43
Schools
Map
Listing courtesy of Lee & Associates Commercial RE.
Pine Place Apartments is a well-maintained 14-unit asset in North Seattle offering strong value-add potential. Built in 1989 with modern systems including copper plumbing, updated electrical, and Durolast roofing, the property is steps from the Northgate Light Rail, Kraken Iceplex, and Green Lake Park. The diverse unit mix includes 2-bed, 1-bed, open 1-bed, and studios, each with private decks, secure entry, and access to two laundry rooms and 12 garage parking spaces. With below-market rents and projected 22.2% upside, Pine Place presents an ideal repositioning opportunity in a high-demand, transit-connected submarket.
