Share this with your friends
(206) 595-7188
Real Estate Company
307 Queen Anne Avenue N, Seattle, WA 98109
- $4,750,000
- 13,545
- SqFt
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
- List Price
- $4,750,000
- Status
- ACTIVE
- MLS#
- 2595687
- Days on Market
- 1
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 13,545
- Area Total SqFt
- 13545
- Annual Tax Ammount
- 52505
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
he Kenneth Apartments presents an exceptional investment opportunity in Seattle's desirable Lower Queen Anne neighborhood, just one block from Climate Pledge Arena and steps from Seattle Center, the Space Needle, dining, shopping, and entertainment. Built in 1925, this 24-unit property features classic brick and terra cotta architecture with a mix of 3 efficiency units, 9 studios, and 12 one-bedroom apartments. The property offers approximately 13,545 rentable square feet, seven surface parking stalls, and on-site laundry. Capital improvements include updated electrical panels, double-pane windows, a new boiler in 2023, and an updated fire alarm panel in 2018. Original hardwood floors, millwork, and built-ins provide character and opportunities for value-add renovations. Offered at approximately $198,000 per unit, The Kenneth provides investors with an opportunity to increase rental income through interior improvements and bringing rents closer to market levels. An assumable interest-only loan offers an additional financing option, subject to lender approval. Ideally positioned near major employment centers in Downtown Seattle and South Lake Union, The Kenneth combines historic charm, rental upside, and an outstanding urban location.
/u.realgeeks.media/houseswithnancy/header3.png)
Additional Information
- List Date
- 2026-10-17 15:28:12
- Community
- Queen Anne
- Net Operating Income
- $258,522
- Gross Adjusted Income
- $421,685
- Gross Scheduled Income
- $397,508
- Total Monthly Income
- $33,120
- Insurance Expenses
- $16,165
- Water/Sewer/Garbage Expenses
- $10,630
- Gross Rent Multiplier
- 18.4
- Total Expenses
- $163,163
- Cap Rate
- 5.4
- Vacancy Rate
- 4
- Total Number of Units
- 3
- Unit Name
- 307
- Potential Terms
- Assumable, Cash, Conventional
- Year Built
- 1925
- Roof
- Flat
- Electric Expenses
- 10630
- Other Expenses
- 62602
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $33,120
- Gross Scheduled Income
- $397,508
- Vacancy Rate
- 4
- Gross Adjusted Income
- $421,685
- Tax Year
- 2026
- Insurance Expense
- $16,165
- W/S/G Expenses
- $10,630
- Total Expenses
- $163,163
- Net Operating Income
- $258,522
- Gross Rent Multiplier
- 18.4
- Cap Rate
- 5.4
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.