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4241 21st Avenue W Seattle, WA $ 2,500,000
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$ 2,500,000 Get more info
4241 21st Avenue W
$ 2,500,000
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4241 21st Avenue W

Seattle, WA, 98199
$ 2,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 15,393

Listed by Windermere Real Estate Midtown
4241 21st Avenue W, Seattle, WA 98199 - Image 1
4241 21st Avenue W, Seattle, WA 98199 - Image 2
4241 21st Avenue W, Seattle, WA 98199 - Image 3
4241 21st Avenue W, Seattle, WA 98199 - Image 4
4241 21st Avenue W, Seattle, WA 98199 - Image 5
4241 21st Avenue W, Seattle, WA 98199 - Image 6
4241 21st Avenue W, Seattle, WA 98199 - Image 7
4241 21st Avenue W, Seattle, WA 98199 - Image 8
4241 21st Avenue W, Seattle, WA 98199 - Image 9
4241 21st Avenue W, Seattle, WA 98199 - Image 10
4241 21st Avenue W, Seattle, WA 98199 - Image 11
4241 21st Avenue W, Seattle, WA 98199 - Image 12
4241 21st Avenue W, Seattle, WA 98199 - Image 13
4241 21st Avenue W, Seattle, WA 98199 - Image 14

Commercial Property for sale in Seattle, WA

for $2,500,000. This building was built in 1979 on a lot size of 0.2755.

Remodeled 4-story office building featuring a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. Flexible leases allowing a new owner to occupy a portion or all of the building. 4.6% cap rate based on current income and 62% occupancy. Actual 10%+ cap rate with 90% occupancy. Please don't disturb current tenants.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 42,002

Style

Comm Bldg Ovr 10K

Lot Size

0.2755

Year Built

1979

Town/City

Seattle

County/Region

King

MLS | Web ID

2321503
Features
General
Living Area 0
Sewer Sewer Connected
Heating 90%+ High Efficiency HRV/ERV System
Cooling 90%+ High Efficiency Central A/C HEPA Air Filtration
Possession Closing Subject to Tenant Rights
Roof Built-Up Flat
HOA Fee 0
Year Built 1979
Topography Level
Property Subtype Commercial Industrial
Tax Year 2026
County King
Net Operating Income 251410
Insurance Expense 6686
Property Type Commercial Sale
HOA N
Subdivision Name Magnolia
Possible Use Business Commercial Industrial Office
Building Features Disabled Access Elevator Signage Included Storage
Special Listing Conditions None
Status Active
Directions 15th West to Emerson (just south of ballard bridge.) West on Emerson first right past Fisherman's Terminal. Property about 1/3rd way down block west side of street.
City Seattle
Senior Community Y/N N
Zoning Description Business Commercial Industrial Industrial-Light Office
Number Of Units Total 4
MLS Area 700 - Queen Anne/Magnolia
Lot Size Units Square Feet
Lot Size Square Feet 12000
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 42002
Electric Expense 23524
Fuel Expense 13748
Property Condition Updated/Remodeled
Public Remarks Remodeled 4-story office building featuring a secured lobby entrance 23+ off-street parking spaces building conference room shower facility hospital grade HEPA filtration system and incredible views
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company Seattle Public Utilities
Total Actual Rent 21439
Water Sewer Garbage 12051
Property Style 61 - Comm Bldg Ovr 10K
Cap Rate 10.05
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Exterior
Exterior Amenities Cement/Concrete Wood Products
Water Source Public
Total Parking 23
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 100 x 120
Lot Size Acres 0.2755
Covered Spaces 10
Irrigation Water Rights Y/N N
Site Frontage 100
Parking Uncovered Total 13
Lot Number 7-10
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Interior
Flooring Ceramic Tile Concrete Laminate Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Ceiling Height 11
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2321503
Street Number 1 4241
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* Excluded Features
List By
Lauren Hendricks

Listing Agent

Windermere Real Estate Midtown

Broker

Affordability Calculator

$18,893
Per Month
81%
19%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$3,500
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/23/2026$2,500,000 -28.57% Price Down
1/10/2025$3,500,000 Listed Price

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4241 21st Avenue W, Seattle, WA, 98199 is a Commercial Property for sale at $2,500,000 with a lot size of 0.2755. 4241 21st Avenue W was built in 1979. The property's zip code is 98199 which is in Seattle, WA

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