3210 SW Avalon Way, Seattle, WA 98126

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Listing Broker: Paragon Real Estate Advisors; Nick Hemming; ; Selling Office: Paragon Real Estate Advisors.

Sold Price
$4,300,000
List Price
$4,500,000
Status
SOLD
MLS#
2436626
Closing Date
Dec 30, 2025
Days on Market
18
Style
56 - 10+ Units
Finished SqFt
12,791
Area Total SqFt
12791
Annual Tax Ammount
46727
Lot Size (sq ft)
7,680
Sewer
Sewer Connected

Property Description

The Skyline Apartments is a well-maintained apartment building with significant rental upside in a prime West Seattle location. This property features 13 well-appointed 2bed/1+bth units and 4 1bd/1bth units. The owners have taken exceptional care of the building; recent improvements include a new elevator installed in 2025 along with improved common areas.  The building features a convenient 20-car parking garage along with in-unit washer/dryers in all units.

Additional Information

List Date
2025-12-12 00:00:00
Community
West Seattle
Net Operating Income
$203,973
Gross Adjusted Income
$352,089
Gross Scheduled Income
$370,620
Total Monthly Income
$30,885
Insurance Expenses
$11,272
Water/Sewer/Garbage Expenses
$29,056
Gross Rent Multiplier
12.14
Total Expenses
$148,116
Cap Rate
4.53
Vacancy Rate
5
Total Number of Units
17
Unit Name
3210
Potential Terms
Cash Out, Conventional
Year Built
1989
Roof
Flat
Other Expenses
61061
Energy Source
Electric
School District
Seattle
Total Monthly Income
$30,885
Gross Scheduled Income
$370,620
Vacancy Rate
5
Gross Adjusted Income
$352,089
Tax Year
2025
Insurance Expense
$11,272
W/S/G Expenses
$29,056
Total Expenses
$148,116
Net Operating Income
$203,973
Gross Rent Multiplier
12.14
Cap Rate
4.53
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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