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2222 Gilman Drive W Seattle, WA $ 2,900,000
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$ 2,900,000 Get more info
2222 Gilman Drive W
$ 2,900,000
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Share Save

2222 Gilman Drive W

Seattle, WA, 98119
$ 2,900,000
Baths0.0 Sq 11,014

Monthly Estimate*

$ 17,856

Listed by Lee & Associates Commercial RE
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Studio

Multi-Family Home for sale in Seattle, WA

for $2,900,000. This 11,014 square foot home was built in 1960 on a lot size of 0.3242.

Back on Market - Significant Price Reduction of $500K for buyers to get a head start on the capital project needed. Gilman West, a 14-unit apartment in Seattle’s highly desirable West Queen Anne. Ideally located near Interbay retail (Whole Foods, Petco, QFC) and Queen Anne’s McGraw St amenities, the 1960-built asset includes six 1-bed and eight 2-bed units averaging 787 SF. With spacious layouts and strong natural light, Gilman West is well-positioned for a renovation strategy to boost rents. Significant upside exists through capital improvements like plumbing and drainage work which support deeper unit renovations and enhance both tenant experience and long-term returns.

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Multi-Family Pending

Price

$ 2,900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 31,823

Style

10+ Units

Lot Size

0.3242

Year Built

1960

Town/City

Seattle

County/Region

King

MLS | Web ID

2395652
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
HOA Fee 0
Year Built 1960
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 139500
Insurance Expense 7958
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Queen Anne
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions Heading South on 15th Ave W turn left on Gilman Dr W. Property on the left
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Open Parking Spaces 6
Number Of Units Total 14
MLS Area 700 - Queen Anne/Magnolia
Lot Size Units Square Feet
Lot Size Square Feet 14120
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Rehab Loan
Tax Annual Amount 31823
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Back on Market - Significant Price Reduction of $500K for buyers to get a head start on the capital project needed. Gilman West a 14-unit apartment in Seattles highly desirable West Queen Anne. Id
Leasable Area 11012
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Water Company SPU
Units Below Grade false
Units In Building Total 14
Water Sewer Garbage 19447
Property Style 56 - 10+ Units
Cap Rate 4.95
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Exterior
Exterior Amenities Stucco
Lot Features Curbs
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 11014
Lot Dimensions 14120
Lot Size Acres 0.3242
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 6
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Interior
Flooring Laminate Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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 NWM2395652
Street Number 1 2222
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* Excluded Features
List By
Dea Sumantri

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$20,508
Per Month
87%
13%
0%
Monthly Principal & Interest
$17,856
Monthly Property Taxes
$2,652
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
257829 Elementary School
258279 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/4/2025$2,900,000 -14.71% Price Down
6/19/2025$3,400,000 Listed Price

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2222 Gilman Drive W, Seattle, WA, 98119 is a Multi-Family Home for sale at $2,900,000 with 11,014 sqft and a lot size of 0.3242. 2222 Gilman Drive W is a studio with 0.0 baths and was built in 1960. The property's zip code is 98119 which is in Seattle, WA

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