$2715000
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Bed
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Bath
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10284 SqFt
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47 DOM
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Built: 1983
- Status: Active
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Keith McCue
Principal Broker
(503) 816-7074The Windchime is a 14-Unit Apartment Building ideally situated just 1.5 miles to the Shoreline South/148th St Light Rail Station. This prime asset offers a compelling, high value-add opportunity by increasing rents to market rates and continuing to renovate/upgrade units upon resident turnover. Instant equity and improve the existing 6% cap rate to 8.25% by adjusting to market rents and charging for parking, storage & utility bill backs. Thoughtful design and construction enhance the longevity of this enduring multifamily property. The Windchime is a stable, low-maintenance investment poised for both short and long term growth. Unit mix consists of 11 one-bedroom units and 3 two-bedroom units with the majority of tenants residing 5+ years.
Listing Provided Courtesy of Chris Melton, The Preview Group
General Information
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NWM2434366
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Multi Family
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47 DOM
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9962.17 SqFt
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10284
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1983
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King
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Residential Incom
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Multi Family
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Listing Provided Courtesy of Chris Melton, The Preview Group
Keithmccue Realty data last checked: Dec 19, 2025 00:28 | Listing last modified Dec 12, 2025 22:32,
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