
Seattle, WA 98119
The Deauville Apartments represents a High-Potential Investment Opportunity, listed at a List Price of $2,695,000—positioned slightly above the $2,660,525 Fair Market Value. While priced at market, the asset offers stability through its LR3(M) Zoning and significant capital improvements, including new electrical panels and modernized unit interiors. With a Condition Rating of 3, the property provides immediate rental readiness while maintaining long-term redevelopment potential on its 9,000 square foot lot. This is a strategic acquisition for Buy-and-Hold Investors or Multifamily Developers seeking a stabilized asset in Seattle’s Queen Anne neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2801 14th Avenue W Subject 0 bd · 0 ba · 6,272 sqft · $424 | $2,695,000* List Price | 0 | 0 | 6,272 | $424 | - |
A 1401 W Bertona Street Active 0 bd · 0 ba · 5,895 sqft · $411 · 0.4 mi | $2,425,000 List Price | 0 | 0 | 5,895 | $411 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1961, the property has undergone significant recent renovations. Four units feature completely remodeled kitchens and bathrooms with modern finishes and hardwood flooring, while the remaining units received mid-level updates. Key systems have been updated, including new electrical panels, plumbing improvements, new hot water heaters, and new stainless steel appliances throughout, making it fully functional and move-in ready.
All eight units feature modern essentials including in-unit laundry and dishwashers, with four units fully remodeled with high-end finishes like red oak hardwood flooring.
The property sits on a 9,000 square foot lot with LR3(M) zoning, providing significant long-term value and flexibility for future high-density development in a prime Seattle location.
Significant capital improvements have been completed, including new electrical panels, plumbing updates, and new hot water heaters, minimizing immediate deferred maintenance for investors.
With only 50% of the units fully remodeled and the remainder receiving mid-level updates, there is an inconsistency in finish quality that may affect total potential rental yield.
As a 1961 build, the property may still possess inherent challenges related to older construction standards and energy efficiency compared to modern multifamily assets.
The Deauville Apartments is an 8-unit multifamily investment located at 2801 14th Ave W in Seattle’s Queen Anne neighborhood, above the Interbay corridor. Built in 1961, the property offers a uniform unit mix of 8 two-bedroom, one-bathroom homes averaging 784 square feet, on a 9,000 square foot LR3(M)-zoned lot. All units feature in-unit laundry, dishwashers, view windows, modern updates, and dedicated parking. Systems work included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout. Every unit now has in-unit W/D and exhaust fans from its bathroom and kitchen. Four units were completely remodeled with all-new kitchens, along with all-new bathrooms, new entry doors, and new hardwood flooring. The remaining units received mid-level renovations, including new appliances, updated electrical and plumbing fixtures, refinished bathtubs, new lighting, and ceiling fan additions in bedrooms. Real prefinished red oak hardwood was installed in six units and engineered hardwood in a seventh unit. The property shares the Armour Street city right of way. This provides residents a park like feel in an urban setting and an amenity to any future redevelopment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 6,272 | 5,554.5 |
| Lot Size | 9,000 | 10,915.5 |
| Price | $2.69M | $2.88M |
| Price per sq ft | $430 | $491 |
| Built year | 1961 | 1961 |
| HOA | $0 | $0 |
| Days on market | 37 | 124 |
Sep 17, 2026
$2,695,000
Initial Listing