SOLD // 507 22nd Ave, Seattle, WA 98122

Junior Apartments

Junior Sold For: $2,400,000

Junior, high-quality 2018 construction, is the perfect complement to Elena. Offering 8 one-bedroom units averaging +/- 393SF and 2 studios averaging +/- 366SF, Junior presents premium compact units preferred by young professionals. Built with style and efficiency in mind, units feature air-conditioning, dishwashers, in-unit laundry, and balconies.

Property Overview

 

ADDRESSES

507 22nd Ave,

Seattle, WA

 

RESIDENTIAL NRSF

± 3,873

NEIGHBORHOOD

Central District

 

ZONING

L2R (M)

YEAR BUILT

2018

 

HEATING

Electric

UNITS

10 Units

 

SITE AREA

5,100 SF (0.33 ACRES)

Executive Highlights

  • Variety of Amenities

    Units have patios, air-conditioning, dishwashers, in-unit laundry, storage options, and off-street parking.

  • Off-Street Parking

    12 off-street parking spots offers security and convenience for tenants with cars.

  • Strong Core-Seattle Tenant Base

    Due to proximity to employment opportunities, the average household income in Central District is $151,000 per year.

  • Strong Unit Mix

    Junior’s studio and one-bedroom units are in high demand

  • Attractive Year of Construction

    Comparable rents allow for 11% increase for current in-place rents

  • Excellent Proximity To The Region’s Major Employers

    • 10 minutes to Amazon, Google, Apple, Meta, Central Business District

    • 5 minutes to UW, Swedish, Harborview, Virginia Mason hospitals

    • 15 minutes Microsoft, T-Mobile, Downtown Bellevue