2312 E Denny Way, Seattle, WA 98122
- $2,065,000
- 3,760
- SqFt
Listing courtesy of Skyline Properties, Inc..
- List Price
- $2,065,000
- Status
- ACTIVE
- MLS#
- 2569977
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,760
- Area Total SqFt
- 3760
- Annual Tax Ammount
- 14993
- Lot Size (sq ft)
- 4,287
- Sewer
- Sewer Connected
Property Description
The Caldwell presents investors with a compelling opportunity to acquire a turn-key multifamily investment in one of Seattle’s premier urban submarkets, offering an attractive 5.0% in-place cap rate. Ideally positioned at the edge of Capitol Hill, the property is less than a block from Madison Street, a major arterial providing direct access to Downtown Seattle and the surrounding employment centers. The property features a highly functional mix of 1- and 2-bedroom floor plans, including three townhouse-style units, appealing to renters seeking additional space and flexibility for today’s work-from-home lifestyle. Its prime location places residents within close proximity to the vibrant amenities of Capitol Hill while providing convenient access to major employers, healthcare institutions, and educational centers throughout the region. Continued growth in South Lake Union, driven by major technology employers including Amazon, Google, and Meta, combined with the established presence of Swedish Medical Center, Seattle University, and other major institutions, supports strong and sustained rental demand. With its desirable location, versatile unit mix, and established income stream, the Caldwell offers investors an attractive combination of current cash flow, tenant demand, and long-term appreciation potential.
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Additional Information
- List Date
- 2026-09-09 00:58:13
- Community
- Madison Valley
- Net Operating Income
- $102,571
- Gross Adjusted Income
- $135,415
- Gross Scheduled Income
- $143,000
- Total Monthly Income
- $11,879
- Insurance Expenses
- $4,500
- Water/Sewer/Garbage Expenses
- $6,528
- Gross Rent Multiplier
- 14
- Total Expenses
- $40,975
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 2312
- Potential Terms
- Cash, Conventional
- Year Built
- 1983
- View
- Territorial
- Roof
- Composition
- Site Features
- Patio
- Electric Expenses
- 366
- Other Expenses
- 14588
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $11,879
- Gross Scheduled Income
- $143,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $135,415
- Tax Year
- 2026
- Insurance Expense
- $4,500
- W/S/G Expenses
- $6,528
- Total Expenses
- $40,975
- Net Operating Income
- $102,571
- Gross Rent Multiplier
- 14
- Cap Rate
- 5
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.