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Listings/Carleton Apartments

Carleton Apartments

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  • Sales Price: $2,250,000
  • Something special about sale
  • Mortgage brokerage

Site Details

Address
6631 Carleton Avenue S, Seattle, WA
Number of Parcels
1
Land Size
4,521 SF
Parcel Number
273410-0196
Zoning
LR2

Development Details

Units
8
Year Built
1991
Year Renovated
2018
NRSF
5,550 SF
Avg Unit Size
694 SF
Number of Buildings
1
Number of Stories
2
Parking
8
Laundry
In-Unit

Opportunity

Seattle residents are flooding the city’s core neighborhoods, seeking the coveted 10-minute commute and the classic “neighborhood experience.” Previously overlooked because of its industrial roots, as housing prices grew the Georgetown neighborhood quickly became the first choice for homeowners who wanted to remain close but could not afford Queen Anne or Capitol Hill. Today, Georgetown has transformed into a prime Seattle neighborhood, bolstered by classic Seattle character, quirky retailers, and some of the city’s best bars, breweries, and restaurants.

Carleton Apartments offers a rare chance to own a fully-renovated, multifamily property in a neighborhood with little multifamily zoning where property values have skyrocketed 300% and rental rates have risen as residents seek to move outside of the Seattle core.  

Turn-Key Asset

Carelton Apartments is a turn-key asset, and already achieving rents 100% above pre-renovation leases.

Property Appreciation

The Georgetown sub-market has proven its worth in appreciation, with 300% growth since 2012. 

Emerging Neighborhood

Historically industrial in nature, Georgetown transformed into one of Seattle's emerging hot neighborhoods.

Location

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Carleton Apartments

6631 Carleton Ave S
Seattle, WA 98108
Units: 8
Price: $2,250,000

About the Area

While Alki and Pioneer Square make headlines as Seattle’s oldest neighborhoods, Georgetown was actually one of the first places that settlers put down roots in the 1850s.

Home to the world-famous Rainier Brewing Company, Georgetown was briefly incorporated as its own city during the prohibition. Even a century after becoming part of Seattle again, this neighborhood still has a unique character of its own.

Georgetown has become the stomping grounds for artists, musicians, foodies, and brewers alike, inhabiting old brick buildings and lofts that contribute to the authentic, quirky nature of the neighborhood. With more than 40 galleries, diners, coffee shops, art studios, and bookstores, the neighborhood has a strong cultural core.

Neighborhood on Tap

Originally home to Seattle Brewing and Malting Company, today six breweries draw in crowds of local beer aficionados.  

Trendsetters

Artists started settling in the area in the late 1980s, attracting new businesses and eventually a swath of professionals.

In the Zone

Georgetown offers a small pocket of single-family and low-rise multifamily residential zoning amidst a sea of industrial zoning.

Contact Us

Exclusive Listing Brokers

Colliers International WA LLC is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of the Carleton Apartments.

Direct: 206.414.8575

       
       

Direct: 425.736.5516