Deauville Apartments
2901 14th Ave W, Seattle, WA 98119
Property Type Multi-family
Price $2,695,000
Status Active
Property Highlights:
- Historically Low Vacancy: Less than 1% vacancy rate over the last 4 years. Property benefits from in-city convenience, lush gardens, natural light, territorial views, and midcentury charm which drives tenant demand
- Future Value-Add: Potential to convert the common laundry room into a 9th unit
- Turnkey Renovation: Comprehensive capital improvement program completed since 2019, including four full remodels and four mid-level/light renovations, with limited near-term capex required (over $325,000)
- New Systems: New electrical panels and largely updated plumbing, plus a full roof, drainage, and exterior overhaul completed shortly after purchase in 2019
- Updated Kitchens & Baths: All-new kitchens with quartz countertops and stainless appliances in four units, new bathrooms with updated vanities, and fixtures
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