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Listings/Honeysuckle Apartments

Honeysuckle Apartments

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Site Details

Address
202 19th Ave E Seattle, WA 98112
Neighborhood
Capitol Hill
Total Units
30 Units
NRSF
17,640 SF
Avg. Unit Size
588 SF
Parking
9 Secured Stalls

Unit Mix

1x1
30 Units

Opportunity

Opportunity for Potential Buyers:

Honeysuckle Apartments presents a rare chance to acquire a well-located 30-unit apartment building in Seattle’s highly sought-after Capitol Hill neighborhood. With the added stability of a Housing Assistance Payments (HAP) contract covering 29 out of 30 units, this investment offers significant risk reduction and steady cash flow. Situated minutes away from South Lake Union, Seattle’s Central Business District, and boasting excellent transit connectivity, this property caters to urban professionals, ensuring a strong rental demand.

Prime Capitol Hill Location

Honeysuckle Apartments offer unparalleled access to one of Seattle’s most vibrant and desirable neighborhoods, with proximity to major employment centers and amenities.

Strong Cash Flow Stability

With 29 units under a HAP contract, the property benefits from government-backed rental income, reducing vacancy risks and ensuring stable cash flow.

Value-Add Potential

The new ownership has the opportunity to implement utility fees and parking charges, further increasing revenue, pending HUD approval.

Solid Transit Connectivity

Walking distance to the Capitol Hill Light Rail Station and major bus routes, making commuting easy for residents.

Location

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under contract

Honeysuckle Apartments

202 19th Ave E
Seattle, WA 98112
Units: 30
Price: Pending

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Contact Us

Exclusive Listing Brokers

Dylan Simon

Call/Text: 206.414.8575

JD Fuller

Call/Text: 206.665.3272

Jerrid Anderson

Call/Text: 206.499.8191

Matt Laird

Call/Text: 425.736.5516