Truly a one-of-kind investment/development property in highly sought after W. Seattle area. This rare 6-unit turnkey investment has water views & gorgeous sunsets along w/strong cash flow. Located in West Seattle’s Gatewood area, the Seaview Terrace Apts a perfect mix of studios/1-bed/2-bed/3-bed units. Each w/own flr plan. 4 units have been renovated w/updated baths, kitchen, stainless app & new floors. W/D in all units except for small non-conforming studio. Very strong occupancy in a high demand rental mkt w/ room to increase rents to market. Exceptional development opportunity to develop 5-townhomes on the parcel, 3-bed twnhm w/garages, while maintaining income from existing 6-units. Near transit, eateries, shopping and much more.
Listing Provided Courtesy of Jamie Langsford, Venture Real Estate Group LLC
General Information
NWM2347941
Land
1
DOM
0.28 acres
0
Multi-F
King
Land
Land
Listing Provided Courtesy of Jamie Langsford, Venture Real Estate Group LLC
Krishna Realty data last checked: Jun 08, 2025 11:38 | Listing last modified Mar 21, 2025 18:02,
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Residence Information
0
40 - Res-Less thn 1 Ac
Features and Utilities
Available, On Property, See Re
Available
Financial
18135.33
Cash Out
03-20-2025
Comparable Information
1
1
Cash Out
$2,900,000
$2,900,000
Mar 21, 2025 18:02
Schools
Map
Listing courtesy of Venture Real Estate Group LLC.
Truly a one-of-kind investment/development property in highly sought after W. Seattle area. This rare 6-unit turnkey investment has water views & gorgeous sunsets along w/strong cash flow. Located in West Seattle’s Gatewood area, the Seaview Terrace Apts a perfect mix of studios/1-bed/2-bed/3-bed units. Each w/own flr plan. 4 units have been renovated w/updated baths, kitchen, stainless app & new floors. W/D in all units except for small non-conforming studio. Very strong occupancy in a high demand rental mkt w/ room to increase rents to market. Exceptional development opportunity to develop 5-townhomes on the parcel, 3-bed twnhm w/garages, while maintaining income from existing 6-units. Near transit, eateries, shopping and much more.
