625 4th Avenue W, Seattle, WA 98119
- $7,000,000
- 19,610
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $7,000,000
- Status
- ACTIVE
- MLS#
- 2562347
- Days on Market
- 1
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 19,610
- Area Total SqFt
- 19610
- Annual Tax Ammount
- 82916
- Lot Size (sq ft)
- 13,380
- Sewer
- Sewer Connected
Property Description
Kidder Mathews is pleased to present Naomi & Charmaine, a 39-unit vintage apartment community located at 625–627 4th Avenue W in Seattle’s highly desirable Lower Queen Anne neighborhood. The offering consists of two classic brick buildings constructed in 1929 and 1930, featuring hardwood floors, built-in cabinetry, and timeless architectural details. The unit mix includes 32 studios and seven one-bedroom units, with 31 classic units providing a clear renovation and rent-growth opportunity. The property totals approximately 19,610 rentable square feet and includes shared laundry and 10 off-street parking stalls. Recent improvements include tuck-pointed masonry, re-caulked double-pane windows, TPO membrane roofs, breaker-panel electrical systems, updated plumbing, and central hot water. Residents benefit from a walkable location near Seattle Center, Climate Pledge Arena, grocery stores, restaurants, entertainment, Downtown Seattle, and South Lake Union employment centers. Naomi & Charmaine offers investors attractive scale, irreplaceable vintage character, and meaningful value-add upside in one of Seattle’s most established rental markets.
Additional Information
- List Date
- 2026-07-30 15:40:25
- Community
- Queen Anne
- Net Operating Income
- $384,283
- Gross Adjusted Income
- $714,881
- Gross Scheduled Income
- $652,016
- Total Monthly Income
- $54,335
- Insurance Expenses
- $19,500
- Water/Sewer/Garbage Expenses
- $18,945
- Gross Rent Multiplier
- 18
- Total Expenses
- $330,597
- Cap Rate
- 5.9
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 625
- Potential Terms
- Conventional
- Year Built
- 1929
- Roof
- Flat
- Electric Expenses
- 18945
- Other Expenses
- 171345
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $54,335
- Gross Scheduled Income
- $652,016
- Vacancy Rate
- 5
- Gross Adjusted Income
- $714,881
- Tax Year
- 2026
- Insurance Expense
- $19,500
- W/S/G Expenses
- $18,945
- Total Expenses
- $330,597
- Net Operating Income
- $384,283
- Gross Rent Multiplier
- 18
- Cap Rate
- 5.9
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.