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24 Units in Queen Anne with Sweeping Views of Lake Union

$9,995,000

2442 8th Ave N, Seattle, WA 98109

Active
Last Updated: 11/03/2022

17,680 sqft

Building Size

0.52 acres

Lot Area

Details:
Building Size:    17,680 sqft
Lot Area:    0.52 acres
Occupancy:    100%
Units:    24
Year Built:    1964
Floors:    3
Highlights:
  • Sweeping Lake Union Vistas
  • Centrally located between Fremont and South Lake Union tech hubs
  • Spacious unit layouts. Each unit has a private balcony and view of Lake Union
  • Significant upside potential from loss to lease and rehab opportunities
Description:

The Lee & Associates | Northwest Multifamily Team is pleased to present Tara Apartments. Situated in Seattle’s Westlake neighborhood, the Tara Apartments features 24 Lake Union facing units with stunning views overlooking Gasworks Park, downtown and the University Bridge. The unit mix consists of four spacious 2-bedroom 2-bath units and twenty 1-bedroom 1-bath units. Each unit features a large private balcony and oversized windows.
As a personal project of the original developer, the Tara Apartments was built to last as a unique, high-quality investment with stunning Lake Union views. The quality of construction is evident and the building has been carefully maintained to this day. Plumbing is copper, the roof and vertical drain lines were replaced in 2011. There are currently eight laundry / storage rooms which could be consolidated into private W/D and additional net rentable square footage.
This is a rare opportunity for investors to acquire a well-maintained building with unrivaled lake vistas and significant reposition upside in the heart of Seattle’s tech corridor.


Tara Apartments is located on the northeast of Queen Anne, providing tenants the breathtaking views of Lake Union. Surrounded by tech powerhouses such as Meta, Amazon and Google, Tara residents can enjoy proximity to their workplace. Grocery, shops, local eateries and entertainment are close by including along Westlake Avenue and easy access to the heart of Fremont, top of Queen Anne and the vibrant Uptown neighborhood. Steps away, many of locals and visitors take advantage of the urban loop trail along the Lake Union. A 10-minute ride on a public transit will take tenants to all the major employment centers in South Lake Union, Downtown and Fremont. Tara attracts tenants who are looking for high-quality of life with convenient access to vibrant city living.

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