3230 SW Avalon Way, Seattle, WA 98126
- $7,925,000
- 43,441
- SqFt
Listing Broker: Westlake Associates, Inc.; Matthew Weber; ; Selling Office: Westlake Associates, Inc..
- Sold Price
- $7,925,000
- List Price
- $7,900,000
- Status
- SOLD
- MLS#
- 2436117
- Closing Date
- Oct 30, 2025
- Days on Market
- 11
- Style
- 56 - 10+ Units
- Finished SqFt
- 43,441
- Area Total SqFt
- 43441
- Annual Tax Ammount
- 82851
- Lot Size (sq ft)
- 15,360
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-10-03
Property Description
Terrace Villa is a four-story wood-framed building constructed in 1990. The property comprises 36 apartment units and includes two levels of secured parking with 49 stalls, 11 of which are tandem. Within the parking garage there are 10 storage lockers and a large storage room with the potential to accommodate 10 additional lockers. The building features a secure entrance with a remote intercom system, a lobby, and an elevator. The unit mix includes 22 one-bedroom/one-bath units, averaging approximately 605 SF, and 14 two-bedroom units, each around 851 SF. All units are equipped with dishwashers, electric fireplaces, and large windows. Most units also offer private decks with sweeping views of Seattle and the surrounding area.
Additional Information
- List Date
- 2025-10-19 00:00:00
- Community
- West Seattle
- Net Operating Income
- $438,690
- Gross Adjusted Income
- $680,648
- Gross Scheduled Income
- $716,472
- Total Monthly Income
- $59,706
- Insurance Expenses
- $19,000
- Water/Sewer/Garbage Expenses
- $43,274
- Gross Rent Multiplier
- 11.03
- Total Expenses
- $241,958
- Cap Rate
- 5.55
- Vacancy Rate
- 5
- Total Number of Units
- 36
- Unit Name
- 3230
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1990
- View
- City, Mountain(s), Partial, Sound
- Roof
- Flat
- Site Features
- Deck, Gated Entry
- Other Expenses
- 96833
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $59,706
- Gross Scheduled Income
- $716,472
- Vacancy Rate
- 5
- Gross Adjusted Income
- $680,648
- Tax Year
- 2025
- Insurance Expense
- $19,000
- W/S/G Expenses
- $43,274
- Total Expenses
- $241,958
- Net Operating Income
- $438,690
- Gross Rent Multiplier
- 11.03
- Cap Rate
- 5.55
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.