800 Queen Anne Avenue N, Seattle, WA 98109
- $14,500,000
- 36,732
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $14,500,000
- List Price
- $16,000,000
- Status
- SOLD
- MLS#
- 2436468
- Closing Date
- Apr 20, 2026
- Days on Market
- 156
- Style
- 56 - 10+ Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 36,732
- Area Total SqFt
- 36732
- Annual Tax Ammount
- 103897
- Lot Size (sq ft)
- 18,000
- Sewer
- Sewer Connected
Property Description
Amazing opportunity to acquire a 49 unit, fully renovated trophy asset with value-add opportunities. Extensively renovated in 2019, the Val Anne offers highly sought after classic mid-century modern units. Great unit mix of Junior Studio, 1BD, 2BD and 2 penthouse units. 19 units have views of the City Skyline and Puget Sound; in addition, 9 units enjoy private balconies. The two Penthouse units are in a league of their own with sweeping views of the city and sound and private decks. This is an exceptional opportunity for a new investor to acquire a top-quality investment offering long-term appreciation. attractive rent growth and multiple value add opportunities.
Additional Information
- List Date
- 2025-11-15 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $756,961
- Gross Adjusted Income
- $1,079,086
- Gross Scheduled Income
- $1,112,460
- Total Monthly Income
- $92,705
- Insurance Expenses
- $26,196
- Water/Sewer/Garbage Expenses
- $52,487
- Gross Rent Multiplier
- 11.74
- Total Expenses
- $322,125
- Cap Rate
- 4.73
- Vacancy Rate
- 3
- Total Number of Units
- 49
- Unit Name
- 800
- Potential Terms
- Cash, Conventional
- Year Built
- 1958
- View
- Bay, Canal, Lake
- Roof
- Flat
- Site Features
- Deck, Patio, Rooftop Deck
- Other Expenses
- 139545
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $92,705
- Gross Scheduled Income
- $1,112,460
- Vacancy Rate
- 3
- Gross Adjusted Income
- $1,079,086
- Tax Year
- 2025
- Insurance Expense
- $26,196
- W/S/G Expenses
- $52,487
- Total Expenses
- $322,125
- Net Operating Income
- $756,961
- Gross Rent Multiplier
- 11.74
- Cap Rate
- 4.73
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.