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About the Listing 7019 - 102826,58692
Constructed in 1959 and comprehensively renovated in 2016, The Edge Apartments is an exceptional 13-unit apartment community offers investors a rare opportunity to acquire a stabilized, turn-key asset in one of Seattle's most desirable rental markets. The extensive renovation modernized the property throughout, including updated plumbing and electrical systems, creating a low-maintenance investment with strong in-place cash flow and long-term ownership appeal. The property consists of 8 one-bedroom and 5 two-bedroom apartments, each designed with finishes that today's renters value. Every unit features quartz countertops, stainless steel appliances, in-unit washers and dryers, and contemporary LVT flooring in the common areas. Select apartments include fireplaces, while the top-floor residences enjoy private balconies with peek-a-boo views of the Seattle skyline and Puget Sound. Residents also benefit from a spacious second-floor patio with a community grill, providing an attractive outdoor gathering space that enhances the tenant experience. The property offers an attractive value-add component through ten individual secured garage and storage spaces. Currently generating approximately $10,800 in annual income, these oversized garages provide immediate supplemental revenue with meaningful upside through rent increases to market rates. The property is well-positioned to capitalize on continued tenant demand for secure parking and storage.
Listing Highlights
Status
Active
Days on Site
23
Property Type
Multi-Family
MLS ®
2566437
Year Built
1959
Total Square Footage
9,450
Lot/Acreage
0.24
Interior Details
- Bedrooms: 18
- Bathrooms: 13 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Paved,Sidewalk,Deck,Patio,Zoning: Multi-Family
- Garage Capacity: 10 car
- Parking Spaces: 20
- Zoning: Multi-Family
- Roof: Flat
- Others: Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $33,567
- Taxes w/Assessments: N/A
- Tax/Property ID: 2771600575
- Tax Year: 2026
Payment Calculator
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2515 Thorndyke Ave W Seattle, WA 98199
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