Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.
| MLS # | 2492452 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 179 |
| Listing Provided By | Real Broker LLC | Charles Burnett |
| SQ Feet | 3,200 |
|---|---|
| Garage | 5 |
| Story(s) | 3 |
| Units | 8 |
| Zoning | Commercial,Multi-Family,Resident |
| Acreage | 0.09 |
| Property View | Yes |
| Property | 11916 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98103 |
| Area | 705 Ballard | Greenlake |
| Community Name | Licton Springs |
| Listing VS Median (in Licton Springs) | |
Price: $1,300,000 low | high Med: $734,975 sqft: 3,200 low | high Med: 1,150 $ / sqft: $406 low | high Med: $642 On site: 179 low | high Med: 13 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98103 |
| Area | 705 Ballard | Greenlake |
| Community Name | Licton Springs |
| Listing VS Median (in Licton Springs) | |
Price: $1,300,000 low | high Med: $734,975 sqft: 3,200 low | high Med: 1,150 $ / sqft: $406 low | high Med: $642 On site: 179 low | high Med: 13 | |