14333 32nd Avenue Ne, Seattle, WA 98125

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: grant fosheim
Office: opal blue real estate, llc.
MLS#:2591168
Source:NWMLS
14333 32nd Avenue Ne,Seattle, WA 98125
$2,250,000
  • - Beds
  • - Baths
  • 12,566 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,250,000
  • Price per sq. ft.:$179.05

About this home

The Kensington, is 10-unit, three-story apartment building in Seattle's Lake City neighborhood, offered at approximately $214 per square foot. With a in place monthly income of nearly $19,000/mo. Unusually large units set it apart: (6) 2bd/1ba at approx. 1,100 SF and (4) 1bd/1ba at approx. 950 SF, each with a private balcony or patio. The property delivers a 6.20% cap rate today and a 7.54% cap rate at market. Recent capital improvements include a new roof (2023), plumbing upgrades, upgraded common areas, and new storage lockers. The building also has double pane vinyl windows throughout. Only one of the ten units has been renovated, so a buyer has a clear path to growing rents as units turn, with already strong in-place rents of $1,625 to $2,050 against market rents of $1,790 and $2,250 (assuming in-unit washer/dryers). Additional upside comes from charging for the 16 parking spaces and renting out all 9 storage lockers. Large units, a strong cap rate, and ample CapEx improvements...

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Home facts

  • Year built:1973
  • Subdivision & Development:Lake City
  • Listing ID #:2591168
  • Updated:October 22, 2026 at 12:32 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Plank
  • Living area:12,566 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Built Up, Composition
  • Year built:1973
  • Building area:12,566 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Products Exterior Finish

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,250,000
  • Price per sq. ft.:$179.05
  • Tax amount:$22,146 (2026)

Parking

  • Total parking spaces:16
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