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.
| MLS # | 2569977 |
|---|---|
| Listing Type | For Sale |
| Building Name | Caldwell Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 13 |
| Listing Provided By | Skyline Properties, Inc. | Luna Wang |
| SQ Feet | 3,760 |
|---|---|
| Story(s) | 3 |
| Units | 5 |
| Zoning | Multi-Family |
| Acreage | 0.10 |
| Property View | Yes |
| Property | 14993 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98122 |
| Area | 390 Central Seattle |
| Community Name | Madison Valley |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Madison Valley) | |
Price: $2,065,000 low | high Med: $900,000 sqft: 3,760 low | high Med: 900 $ / sqft: $549 low | high Med: $1,000 On site: 13 low | high Med: 143 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98122 |
| Area | 390 Central Seattle |
| Community Name | Madison Valley |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Madison Valley) | |
Price: $2,065,000 low | high Med: $900,000 sqft: 3,760 low | high Med: 900 $ / sqft: $549 low | high Med: $1,000 On site: 13 low | high Med: 143 | |
![]() | $1,900,000228 21st AvenueSeattle, WA 98112 |