2037 Boylston Avenue E

Seattle, Washington WA98102

Aldora Apartments is a handsome 15-Unit brick veneer apartment building, beaming with timeless character, and ideally located in one of Seattle’s most sought-after neighborhoods. It features 15 large one-bedroom apartment units with amazing territorial views of Lake Union and Seattle. Aldora offers investors a tremendous opportunity to increase income by over 40% after light cosmetic unit updates, and capitalize on further upside by adding a 16th unit to the daylight basement and adding two large townhomes to alley-accessed parking lot. Aldora has been meticulously maintained and updated by the long-term owner, and is now available on the market for the first time in over 35 years. Don’t miss your chance to own this trophy asset.

About This Property

Listing ID1997935
SqFt 9,626
Acres 0.221
Year Built1929
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Eastlake
Year Built 1929
Building Area Units Square Feet
Flooring Hardwood, Carpet
Furnished Unfurnished
Heating Cooling Type 90%+ High Efficiency
Interior Features High Efficiency - 90%+, Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 4
Elevation Units Feet
Exterior Features Brick, Wood
Foundation Details Poured Concrete
Lot Size Square Feet 9626
Lot Size Units Square Feet
MLS Lot Size Source King County Parcel Viewer
Number Of Units Total 2
Open Parking Spaces 7
Parking Total 7
Parking Uncovered Spaces 7
Roof Torch Down
Sewer Sewer Connected
Sewer Company SPU
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 15
Utilities Sewer Connected, Electricity Available
Water Company SPU
Water Sewer Garbage 5559
Water Source Public
Building Area Total 9626
Country US
High School District Seattle
MLS Area Major 390 - Central Seattle
View City, Lake, Mountain(s)
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Basement,Coin Op Laundry
Effective Year Built Source Public Records
First Right Of Refusal no
Green Energy Efficient High Efficiency - 90%+
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company PSE
Power Production Type Electric
Preliminary Title Ordered yes
Property Condition Very Good
SOC Comments 1.5%
Year Built Effective 1929
Cap Rate 3.3
Electric Expense 5559
Fuel Expense 5559
Gross Adjusted Income 268060
Gross Rent Multiplier 30
Gross Scheduled Income 276000
Insurance Expense 9963
Leasable Area 9626
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 169370
Other Expense 35353
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 36697
Tax Year 2022
Total Expenses 98690
Total Monthly Income 23025
Vacancy Rate 4

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2037 Boylston Avenue E Seattle, WA 98102

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Tuesday, October 4th, 2022 06:28:08 PM.
Active Listing courtesy of Kidder Mathews
Active Listing courtesy of Kidder Mathews
Active Listing courtesy of Kidder Mathews
Data services provided by IDX Broker