Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market - owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.
| MLS # | 2492452 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 201 |
| Listing Provided By | Real Broker LLC | Charles Burnett |
| SQ Feet | 3,200 |
|---|---|
| Garage | 5 |
| Story(s) | 3 |
| Units | 8 |
| Zoning | Commercial,Multi-Family,Resident |
| Acreage | 0.09 |
| Property View | Yes |
| Property | 11916 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98103 |
| Area | 705 Ballard | Greenlake |
| Community Name | Licton Springs |
| Listing VS Median (in Licton Springs) | |
Price: $1,300,000 low | high Med: $727,475 sqft: 3,200 low | high Med: 1,150 $ / sqft: $406 low | high Med: $636 On site: 201 low | high Med: 35 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98103 |
| Area | 705 Ballard | Greenlake |
| Community Name | Licton Springs |
| Listing VS Median (in Licton Springs) | |
Price: $1,300,000 low | high Med: $727,475 sqft: 3,200 low | high Med: 1,150 $ / sqft: $406 low | high Med: $636 On site: 201 low | high Med: 35 | |