2312 E Denny Way, Seattle, WA 98122
2312 E Denny Way, Seattle, WA 98122
2312 E Denny Way, Seattle, WA 98122
2312 E Denny Way, Seattle, WA 98122
2312 E Denny Way, Seattle, WA 98122
2312 E Denny Way, Seattle, WA 98122
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:Skyline Properties, Inc. • Luna Wang
$ 2,065,000
Est. payment | /mo

11 Beds

8 Baths

3,760 SqFt

Save Virtual Tour
$ 2,065,000
Est. payment | /mo
Save Virtual Tour

11 Beds

8 Baths

3,760 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,760 sqft

Price per Sqft $549

Subdivision Madison Valley

MLS Listing ID 2569977

Style 55 - 5-9 Units

Bedrooms 11

Year Built 1983

Annual Tax Amount $14,993

Lot Size 4,287 Sqft

Property Sub-Type Multi Family

New Construction No

Property Description

The Caldwell presents investors with a compelling opportunity to acquire a turn-key multifamily investment in one of Seattle's premier urban submarkets, offering an attractive 5.0% in-place cap rate. Ideally positioned at the edge of Capitol Hill, the property is less than a block from Madison Street, a major arterial providing direct access to Downtown Seattle and the surrounding employment centers. The property features a highly functional mix of 1- and 2-bedroom floor plans, including three townhouse-style units, appealing to renters seeking additional space and flexibility for today's work-from-home lifestyle. Its prime location places residents within close proximity to the vibrant amenities of Capitol Hill while providing convenient access to major employers, healthcare institutions, and educational centers throughout the region. Continued growth in South Lake Union, driven by major technology employers including Amazon, Google, and Meta, combined with the established presence of Swedish Medical Center, Seattle University, and other major institutions, supports strong and sustained rental demand. With its desirable location, versatile unit mix, and established income stream, the Caldwell offers investors an attractive combination of current cash flow, tenant demand, and long-term appreciation potential.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood

Amenities Available Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Curbs, Open Space, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.youtube.com/watch?v=16FLbhH1e8Q

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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2312 E Denny Way

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