Listed by The Preview Group
$2,999,000
PENDING $261K PRICE DROP

Estimated payment $18,006/month

Total Views 2,112
17 Beds
14 Baths
10,284 Sq Ft
$292 Price per Sq Ft

Highlights

  • Rooftop Deck
  • Territorial View
  • Vinyl Plank Flooring
  • Robert Eagle Staff Middle School Rated A
  • No HOA
  • 4-minute walk to Bitter Lake Reservoir Park

About This Home

The 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 5.0% 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 w/ majority of tenants residing 5+ years.

Listing Agent

Chris Melton

The Preview Group License #111913 Listed on: 09/18/2025

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2434366

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,328

Year Built

  • Built in 1983

Lot Details

  • 9,962 Sq Ft Lot
  • Gated Home
  • Partially Fenced Property

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Poured Concrete
  • Wood Siding
  • Stucco
  • Wood Composite

Interior Spaces

  • 10,284 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 14 Bathrooms

Parking

  • 11 Parking Spaces
  • 11 Covered Spaces
  • Open Parking

Outdoor Features

  • Rooftop Deck

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1926049283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,328

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1983
  • MLS Status: Pending
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 10284
  • Special Features: None

Interior Features

  • Total Bedrooms: 17
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete, Stucco, Wood
  • Exterior Features: Cement/Concrete, Stucco, Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 11
  • Open Parking: Yes
  • Total Parking Spaces: 11

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced, Security Gate
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1926049283
  • Lot Size Acres: 0.2287
  • Lot Size Sq Ft: 9962
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gated Entry,High Speed Internet,Rooftop Deck
  • MLSLotSizeSource: KCTA

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.62
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 17245

Tax Info

  • Year: 2025
  • Tax Annual Amount: 27328.1

Multi Family

  • Number Of Units Total: 14
  • Electric Expense: 1379.25
  • EnergySource: Electric
  • UnitsBelowGrade: true

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 Pending -- -- --
10/14/2025 10/14/25 Price Changed $2,999,000 -8.0% $292 / Sq Ft
09/18/2025 09/18/25 For Sale $3,260,000 -- $317 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2434366

Northwest Multiple Listing Service (NWMLS)