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Beacon Hill 7-Unit 1512 12th Ave S

7 Unit Apartment Building $1,900,000 ($271,429/Unit) 5.22% Cap Rate Seattle, WA 98144

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Investment Highlights

2024 construction
7 Units – 1 - 3BD/1BTH, 2 - 1BD/1BTH, 4 - SEDU units
In-unit washer and dryer

6 of 7 units are rented
Covered and secure garage
Minutes from Downtown Seattle, Lumen Field, and T-Mobile Park

Executive Summary

Paragon Real Estate Advisors is excited to announce the exclusive listing of the Beacon Hill 7-Unit, a turnkey 2024 construction building on the northern point of Beacon Hill. 6 of the 7 units are currently rented and the building features a unique mix of units: one 3-bedroom/1-bath unit with ADA accessibility and an attached secure garage, two 1-bedroom/1-bath units, and four Loft style SEDU units.
Each unit is designed with LVP flooring, quartz countertops, stainless steel appliances, dishwashers, and high-end kitchen and bathroom vanities. In addition, the units feature air conditioning units, washers/dryers and lots of abundant nature light enhancing the tenants living experience while also provide an investor the opportunity to own highly desirable apartment units. Located less than 2 miles from Downtown Seattle, Lumen Field, and T-Mobile Park, the property offers easy access to I-5, I-90, and boasts a transit score of 85, making it ideal for commuting tenants.

Beacon Hill 7 Unit

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,126	$29.35

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,126
Annual Per SF	$29.35

Property Facts

Price	$1,900,000	Apartment Style	Mid Rise
Price Per Unit	$271,429	Building Class	C
Sale Type	Investment	Lot Size	0.08 AC
Cap Rate	5.22%	Building Size	3,377 SF
Gross Rent Multiplier	12.4	No. Stories	4
No. Units	7	Year Built	2024
Property Type	Multifamily	Parking Ratio	0.59/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,900,000
Price Per Unit	$271,429
Sale Type	Investment
Cap Rate	5.22%
Gross Rent Multiplier	12.4
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.08 AC
Building Size	3,377 SF
No. Stories	4
Year Built	2024
Parking Ratio	0.59/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.