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5003 15th Ave NE
Seattle, WA 98105
Asking Price
$4.40M
Cap Rate
5.24%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 5.24% CAP | 23 Units <ul><li>Light interior upgrades have consistently driven rent growth without altering unit layouts. Generous ~670 SF average unit sizes outperform newer micro-unit competition.</li><li>In-place rents sit well below renovated and market levels, supporting a clear path to ~$140K–$210K+ in incremental NOI through renovations and operational improvements.</li><li>Offers larger, character-rich units at rents below luxury product, capturing strong demand from students, young professionals, and medi
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NOI
$80,000
Cap Rate
1.82%
DSCR
0.31
Underwater
Cash-on-Cash
-13.73%
Monthly Payment
$21,768.799
Annual Cash Flow
$-181,225.591
