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228 21st Avenue East
Seattle, WA 98112
Asking Price
$1.90M
Cap Rate
4.37%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
4 Units | All 2 Bed/1 Bath <p>+ Prime Miller Park Location</p><p>+ New Construction Completed in 2024</p><p>+ Triplex + Detached Accessory Dwelling Unit (DADU)</p><p>+ Rooftop Solar Panels</p><p>+ Wall-Mounted Mini-Split Heating & Cooling Systems</p><p>+ Full Appliance Packages in All Units</p><p>+ All Triplex Units Newly Leased in Early 2026</p><p>+ Vacant DADU Offers Owner-Occupancy or Additional Rental Income Opportunity</p>
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
