605 E Denny Way, Seattle, WA 98122
- $3,900,000
- 15,325
- SqFt
Listing Broker: Paragon Real Estate Advisors; Ryan Iles; ; Selling Office: Sound Asset Partners LLC.
- Sold Price
- $3,900,000
- List Price
- $4,650,000
- Status
- SOLD
- MLS#
- 2429318
- Closing Date
- Jan 16, 2026
- Days on Market
- 39
- Style
- 56 - 10+ Units
- Finished SqFt
- 15,325
- Area Total SqFt
- 15325
- Annual Tax Ammount
- 47500
- Lot Size (sq ft)
- 5,196
- Sewer
- Sewer Connected
Property Description
Major price improvement. $155,000/unit and Proforma 7.28% cap rate with conservative market rents! The Winchester Apartments offer a singular opportunity to own a true trophy asset with a rich history in one of the finest rental locations in the city of Seattle. The property has been lovingly cared for by past owners and is in great condition with a very stable occupancy history. New ownership will benefit from strong future rent growth and appreciation and has several options to realize immediate income upside and ways of adding value.
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Additional Information
- List Date
- 2025-12-08 00:00:00
- Community
- Capitol Hill
- Net Operating Income
- $273,462
- Gross Adjusted Income
- $509,238
- Gross Scheduled Income
- $524,988
- Total Monthly Income
- $43,749
- Insurance Expenses
- $31,506
- Water/Sewer/Garbage Expenses
- $37,699
- Gross Rent Multiplier
- 8.86
- Total Expenses
- $235,777
- Cap Rate
- 5.88
- Vacancy Rate
- 3
- Total Number of Units
- 30
- Unit Name
- 605
- Potential Terms
- Cash, Conventional
- Year Built
- 1927
- Roof
- Flat
- Other Expenses
- 119072
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $43,749
- Gross Scheduled Income
- $524,988
- Vacancy Rate
- 3
- Gross Adjusted Income
- $509,238
- Tax Year
- 2025
- Insurance Expense
- $31,506
- W/S/G Expenses
- $37,699
- Total Expenses
- $235,777
- Net Operating Income
- $273,462
- Gross Rent Multiplier
- 8.86
- Cap Rate
- 5.88
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.