8356 16th Avenue NW, Seattle, WA 98117 (MLS # 2440232)

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Listing provided courtesy of Northwest MLS; Westlake Associates, Inc.

PRICE $4,600,000
BEDS 0
BATHS 0
HOME SIZE 23,381 sqft
LOT SIZE 10,429 sqft

Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit, well-built apartment community sits at the border of Loyal Heights and Crown Hill, near shops, dining, and entertainment along the Crown Hill corridor. Secure entry with elevator, garage parking plus large storage lockers. 7 of 13 units have been upgraded. 6 units provide value-add with potential for turnover. It's close to Golden Gardens Park, Ballard Avenue, and just seven miles from South Lake Union and Downtown Seattle. With a 5.5% in-place cap rate, large floor plans, quality construction, and room for rent growth and renovations, this is a rare chance to own a strong income-producing property in one of Seattle's top rental markets.

LAST UPDATED 10/1/2025 TRACT Crown Hill
YEAR BUILT 2001 COMMUNITY Crown Hill
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 705 - Ballard/Greenlake
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
LOT 10428 sq ft
LOT DESCRIPTION Corner Lot, Curbs, Paved, Sidewalk
MLS STATUS Active
STORIES 4
STYLE 56 - 10+ Units
SUBDIVISION Crown Hill
TAXES 34067
UTILITIES Sewer Connected

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/13/25 9:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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