8356 16th Avenue NW Seattle, WA $ 4,600,000
8356 16th Avenue NW
$ 4,600,000
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8356 16th Avenue NW

Seattle, WA, 98117
$ 4,600,000
Baths0.0 Sq 23,381

Monthly Estimate*

$ 28,698

Listed by Westlake Associates, Inc.
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Studio

Multi-Family Home for sale in Seattle, WA

for $4,600,000. This 23,381 square foot home was built in 2001 on a lot size of 0.2394.

Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit, well-built apartment community sits at the border of Loyal Heights and Crown Hill, near shops, dining, and entertainment along the Crown Hill corridor. Secure entry with elevator, garage parking plus large storage lockers. 7 of 13 units have been upgraded. 6 units provide value-add with potential for turnover. It’s close to Golden Gardens Park, Ballard Avenue, and just seven miles from South Lake Union and Downtown Seattle. With a 5.5% in-place cap rate, large floor plans, quality construction, and room for rent growth and renovations, this is a rare chance to own a strong income-producing property in one of Seattle’s top rental markets.

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Multi-Family Pending

Price

$ 4,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 34,067

Style

10+ Units

Lot Size

0.2394

Year Built

2001

Town/City

Seattle

County/Region

King

MLS | Web ID

2440232

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Security Gate
Year Built 2001
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 253003
Insurance Expense 14500
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Crown Hill
Special Listing Conditions None
Status Pending
Directions From I-5 take exit 172 for N 85th St. Head west on N 85th St for about 3 miles. Turn right onto 16th Ave NW. Property is on the left
City Seattle
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Number Of Units Total 13
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 10430
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 34067
Electric Expense 0
Fuel Expense 0
Public Remarks Crown Hill 13 is on the market for the first time since its 2001 construction. This 13-unit well-built apartment community sits at the border of Loyal Heights and Crown Hill near shops dining and ent
Leasable Area 14832
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Elevator Storage
Units Below Grade false
Units In Building Total 13
Water Sewer Garbage 24918
Property Style 56 - 10+ Units
Cap Rate 5.5
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Curbs Paved Sidewalk
Total Parking 21
Building Area Total 23381
Lot Size Acres 0.2394
Waterfront Y/N N
Covered Spaces 21
Irrigation Water Rights Y/N N
Site Features Deck Gated Entry
Parking Uncovered Spaces 0
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Interior
Flooring Laminate Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 4
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 NWM2440232
Street Number 1 8356
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* Excluded Features
List By
Curran C. Hagstrom

Listing Agent

Westlake Associates, Inc.

Broker

Affordability Calculator

$31,537
Per Month
91%
9%
0%
Monthly Principal & Interest
$28,698
Monthly Property Taxes
$2,839
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
Pricing History
DatePricePrice ChangeDescription
10/1/2025$4,600,000 Listed Price

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8356 16th Avenue NW, Seattle, WA, 98117 is a Multi-Family Home for sale at $4,600,000 with 23,381 sqft and a lot size of 0.2394. 8356 16th Avenue NW is a studio with 0.0 baths and was built in 2001. The property's zip code is 98117 which is in Seattle, WA