Gilman West | 2222 Gilman Dr W
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Gilman West 2222 Gilman Dr W Immeuble residentiel 14 lots 2 896 800 € (206 914 €/Lot) Taux de capitalisation 4,10 % Seattle, WA 98119
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RÉSUMÉ ANALYTIQUE
We are proud to present Gilman West, a rare opportunity to acquire a 14-unit apartment asset ideally positioned in one of Seattle’s most desirable and connected submarkets, West Queen Anne. Gilman West enjoys walkable proximity to Interbay retail including Whole Foods, Petco, and QFC, while also benefitting from the lifestyle amenities of Queen Anne’s coveted McGraw St and Queen Anne Avenue N.
Built in 1960, Gilman West comprised of spacious six of 1-bedroom units and eight of 2-bedrooms units with an average unit size of 787 square feet. The livable layouts and excellent natural light position the asset well for a renovation strategy that enhances tenant appeal and drives rental growth.
While the location and layout provide a solid foundation, Gilman West offers significant rent upside through strategic capital improvements. Upgrading the building’s plumbing and individual unit electrical panels presents a clear path to repositioning, enhancing both operational efficiency and tenant experience. These system upgrades also create the opportunity for comprehensive interior renovations, further boosting rents and long-term net income.
Prime Location – Between Queen Anne & Interbay, minutes to SLU, Downtown, and major employers with easy access to transit and amenities.
Spacious & Attractive Unit Mix – 8 out of 14 units are 2-bedroom units, averaging 787 SF with livable layouts.
Value-Add Potential – Upgrading plumbing, electrical panels, and executing targeted unit renovations offers investors a direct path to repositioning and increased NOI.
Covered Land Opportunity – On a 14,000+ SF lot with LR2 zoning, the property offers rare townhome redevelopment potential in a tight infill market where development sites in Queen Anne are increasingly scarce.
Future Light Rail Access – Planned Interbay station (0.5 miles away) connecting to Downtown & Ballard by 2039.
Built in 1960, Gilman West comprised of spacious six of 1-bedroom units and eight of 2-bedrooms units with an average unit size of 787 square feet. The livable layouts and excellent natural light position the asset well for a renovation strategy that enhances tenant appeal and drives rental growth.
While the location and layout provide a solid foundation, Gilman West offers significant rent upside through strategic capital improvements. Upgrading the building’s plumbing and individual unit electrical panels presents a clear path to repositioning, enhancing both operational efficiency and tenant experience. These system upgrades also create the opportunity for comprehensive interior renovations, further boosting rents and long-term net income.
Prime Location – Between Queen Anne & Interbay, minutes to SLU, Downtown, and major employers with easy access to transit and amenities.
Spacious & Attractive Unit Mix – 8 out of 14 units are 2-bedroom units, averaging 787 SF with livable layouts.
Value-Add Potential – Upgrading plumbing, electrical panels, and executing targeted unit renovations offers investors a direct path to repositioning and increased NOI.
Covered Land Opportunity – On a 14,000+ SF lot with LR2 zoning, the property offers rare townhome redevelopment potential in a tight infill market where development sites in Queen Anne are increasingly scarce.
Future Light Rail Access – Planned Interbay station (0.5 miles away) connecting to Downtown & Ballard by 2039.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 2 896 800 € | Style d’appartement | De faible hauteur |
| Prix par lot | 206 914 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,13 ha |
| Taux de capitalisation | 4,10 % | Surface de l’immeuble | 1 330 m² |
| Nb de lots | 14 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction | 1960 |
| Sous-type de bien | Appartement | ||
| Zonage | LR2 (M) | ||
| Prix | 2 896 800 € |
| Prix par lot | 206 914 € |
| Type de vente | Investissement |
| Taux de capitalisation | 4,10 % |
| Nb de lots | 14 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,13 ha |
| Surface de l’immeuble | 1 330 m² |
| Nb d’étages | 3 |
| Année de construction | 1960 |
| Zonage | LR2 (M) |
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 6 | - | 65 |
| 2+1 | 8 | - | 79 |
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TAXES FONCIÈRES
| Numéro de parcelle | 277160-1615 | Évaluation des aménagements | 359 544 € |
| Évaluation du terrain | 2 406 048 € | Évaluation totale | 2 765 592 € |
TAXES FONCIÈRES
Numéro de parcelle
277160-1615
Évaluation du terrain
2 406 048 €
Évaluation des aménagements
359 544 €
Évaluation totale
2 765 592 €
CONTACTS
-
Dea Sumantri -
Candice Chevaillier, CCIM -
Daniel Lim -
Sara Bago -
Lee & Associates Commercial Real Estate Services
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Gilman West | 2222 Gilman Dr W
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