Urban Commercial Partners, LLC
About 2350 Beacon Avenue S
Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.
Features of 2350 Beacon Avenue S
| MLS® # | 2440960 |
|---|---|
| Price | $4,700,000 |
| Bathrooms | 0.00 |
| Square Footage | 9,900 |
| Acres | 0.24 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 2350 Beacon Avenue S |
|---|---|
| Area | 385 - SODO/Beacon Hill |
| Subdivision | Beacon Hill |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98144 |
Amenities
| Parking Spaces | 6 |
|---|---|
| View | Mountain(s), Territorial |
| Is Waterfront | No |
Interior
| Heating | Wall Unit(s) |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior Features | Brick, Wood |
|---|---|
| Lot Description | Corner Lot, Paved |
| Foundation | Poured Concrete |
School Information
| District | Seattle |
|---|
Additional Information
| Days on Market | 22 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Urban Commercial Partners, LLC |
|---|