16 Valley ST, Seattle, WA 98109
16 Valley ST, Seattle, WA 98109
16 Valley ST, Seattle, WA 98109
16 Valley ST, Seattle, WA 98109
16 Valley ST, Seattle, WA 98109
16 Valley ST, Seattle, WA 98109
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Reis McCullough

Reis McCullough

+1(206) 945-2709
Listed by:Lee & Associates Commercial RE • Dea Sumantri
$ 6,995,000
Est. payment | /mo

29 Beds

24 Baths

15,627 SqFt

Save Virtual Tour
$ 6,995,000
Est. payment | /mo
Save Virtual Tour

29 Beds

24 Baths

15,627 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,627 sqft

Price per Sqft $447

Subdivision Queen Anne

MLS Listing ID 2482942

Style 56 - 10+ Units

Bedrooms 29

Year Built 1928

Annual Tax Amount $55,346

Lot Size 0.254 Acres

Lot Dimensions 11067

Property Sub-Type Multi Family

Property Description

Trophy 23 unit apartment community on the coveted south slope of Queen Anne, offering iconic Downtown Seattle views. Located in a true “Walker's Paradise” just steps from Climate Pledge Arena and Seattle Center, nearly half the units capture views of the Space Needle, Mount Rainier, and partial Elliott Bay. Built in 1928, Ella Robert blends timeless architecture with thoughtful modernization. Over $1.1M has been invested in capital improvements, including updated electrical and plumbing systems, a 2020/2021 roof replacement, and a well maintained elevator, minimizing near term capital needs. The property features 14 secure sprinklered garage parking stalls, 20 on site storage units plus additional owner storage, and a private terraced courtyard with patio, turf, and garden areas, an uncommon amenity in this urban core setting. 17 of 23 units have been fully renovated, with 18 offering in unit laundry. Six units have partial updates, with plumbing already stubbed to streamline future renovations. A rare penthouse unit offers flexibility as a luxury owner's pied à terre with income potential, previously utilized as a short term rental. With below market rents and clear upside through continued upgrades, rent optimization, and expense efficiencies, Ella Robert presents a rare opportunity to steward a legacy asset in one of Seattle's most sought after neighborhoods.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Hardwood, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Brick

Garage Spaces 14.0

Amenities Available Fenced-Fully, Sprinkler System

View Y/N Yes

View See Remarks

Roof Type See Remarks

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Rehab Loan

Listing Terms Cash, Conventional, Rehab Loan

Virtual Tour https://buildout.com/website/ellarobert

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Reis McCullough

"My mission is to ensure you have a VIP client experience from our initial meeting to closing"

+1(206) 945-2709

reis.mccullough@exprealty.com

371 NE Gilman Blvd, Suite 160, Issaquah

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16 Valley ST