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Kara Meloy

kara.meloy@engelvoelkers.com +1(509) 393-9327

Listed by:Lee & Associates Commercial RE • Sara Bago

$ 2,995,000

Est. payment -/mo

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565 -569 Lee ST Seattle, WA 98109

13 Beds

12 Baths

7,217 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Queen Anne

MLS Listing ID 2554111

Style 56 - 10+ Units

Bedrooms 13

Year Built 1963

Annual Tax Amount $31,621

Lot Size 7,217 Sqft

Property Sub-Type Multi Family

Property Description

We are pleased to present Marguerite Manor, an 11-unit apartment community located in Seattle's highly desirable Queen Anne neighborhood. The property encompasses approximately 7,032 square feet of net rentable area and features a unit mix of ten spacious one-bedroom apartments and one expansive three-bedroom penthouse with sweeping views of the Seattle skyline and Lake Union. Current ownership has implemented several significant capital improvements in recent years. The building features a durable brick façade along the front elevation, while the rear exterior was extensively rebuilt, resided, and repainted in 2015. Additional exterior upgrades include the installation of a high tech roof in 2019, a retractable awning, and new decks in 2020. Residents benefit from on-site common laundry facilities and dedicated off-street parking consisting of six open stalls and two tandem spaces located at the rear of the property. Situated within Queen Anne, Marguerite Manor offers investors a combination of stable in-place income, strong renter demand, and long-term appreciation potential. The property's location, recent capital improvements, and attractive unit configuration position it as a compelling multifamily investment opportunity in one of the Pacific Northwest's most sought-after urban submarkets.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Wood

Amenities Available Deck, Fenced-Partially

View Y/N Yes

View City, Sound, Territorial

Roof Type Flat

Building

Lot Description Corner Lot, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.lee-associates.com/northwest/properties/?propertyId=1657405-sale&address=565-569-Lee-St&officeId=2085

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Kara Meloy

Real Estate Advisor | License ID: 20120373

+1(509) 393-9327

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