16 Valley Street

Trophy 23 unit apartment community on the coveted south slope of Queen Anne, offering iconic Downtown Seattle views. Located in a true “Walker’s Paradise” just steps from Climate Pledge Arena and Seattle Center, nearly half the units capture views of the Space Needle, Mount Rainier, and partial Elliott Bay. Built in 1928, Ella Robert blends timeless architecture with thoughtful modernization. Over $1.1M has been invested in capital improvements, including updated electrical and plumbing systems, a 2020/2021 roof replacement, and a well maintained elevator, minimizing near term capital needs. The property features 14 secure sprinklered garage parking stalls, 20 on site storage units plus additional owner storage, and a private terraced courtyard with patio, turf, and garden areas, an uncommon amenity in this urban core setting. 17 of 23 units have been fully renovated, with 18 offering in unit laundry. Six units have partial updates, with plumbing already stubbed to streamline future renovations. A rare penthouse unit offers flexibility as a luxury owner’s pied à terre with income potential, previously utilized as a short term rental. With below market rents and clear upside through continued upgrades, rent optimization, and expense efficiencies, Ella Robert presents a rare opportunity to steward a legacy asset in one of Seattle’s most sought after neighborhoods.