Jericho Apartments is a fully renovated multifamily building featuring three ±825-square-foot two-bedroom/one-bathroom units and three ±675-square-foot one-bedroom/one-bathroom units. Each unit boasts spacious bedrooms, a living room, oven/range, and refrigerator, with some units offering views of downtown Seattle.

This offering represents an excellent investment opportunity, demonstrating strong current performance. An incoming investor can continue to increase rental rates as South Seattle continues its transformation. Current ownership has performed substantial capital improvements to the property. All units have been updated with vinyl hardwood flooring, luxury carpets, new windows, quartz countertops, new cabinets, stainless steel appliances and brand-new bathrooms. Additionally, the plumbing has been upgraded to PEX, the electrical system has been modernized, and the property received a new roof in 2020.

Priced at $1,300,000, Jericho Apartments offers an attractive price per unit of $216,667, well below replacement costs. The property’s common area amenities include 11 parking spaces along with a coin-op onsite laundry facility. Jericho Apartments is conveniently located on the C-bus line, providing residents with direct access to downtown Seattle transportation.