7060 Lincoln Park Way S, Seattle, WA 98136
- $6,300,000
- 19,340
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $6,300,000
- List Price
- $6,950,000
- Status
- SOLD
- MLS#
- 2382545
- Closing Date
- Oct 06, 2025
- Days on Market
- 49
- Style
- 56 - 10+ Units
- Finished SqFt
- 19,340
- Area Total SqFt
- 19340
- Annual Tax Ammount
- 66667
- Lot Size (sq ft)
- 17,400
- Sewer
- Sewer Connected
Property Description
The Halcyon Apartments is a 24-unit multifamily asset located in the heart of West Seattle’s highly sought-after Lincoln Park neighborhood. Just steps from Lowman Beach, the Puget Sound waterfront, and Lincoln Park, this property combines location, scale, and upside in one of Seattle’s most desirable rental markets. The property has seen extensive capital improvements within the last 6 years and is well-positioned for a new owner to take advantage of strong immediate rental upside. The Halcyon offers spacious layouts that include in-unit washer and dryers, private decks for majority of units, generous living and dining areas, abundant unit storage and full kitchens equipped with dishwashers, ranges and refrigerators.
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Additional Information
- List Date
- 2025-08-18 00:00:00
- Community
- West Seattle
- Net Operating Income
- $315,028
- Gross Adjusted Income
- $533,363
- Gross Scheduled Income
- $561,435
- Total Monthly Income
- $46,786
- Insurance Expenses
- $29,062
- Water/Sewer/Garbage Expenses
- $32,375
- Gross Rent Multiplier
- 12.38
- Total Expenses
- $218,335
- Cap Rate
- 4.57
- Vacancy Rate
- 5
- Total Number of Units
- 24
- Unit Name
- 7060
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Flat
- Other Expenses
- 90231
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $46,786
- Gross Scheduled Income
- $561,435
- Vacancy Rate
- 5
- Gross Adjusted Income
- $533,363
- Tax Year
- 2025
- Insurance Expense
- $29,062
- W/S/G Expenses
- $32,375
- Total Expenses
- $218,335
- Net Operating Income
- $315,028
- Gross Rent Multiplier
- 12.38
- Cap Rate
- 4.57
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.