$4,750,000
 $25,499 est/mo Sourced by Back At You

307 Queen Anne Avenue,Seattle, WA 98109

Seattle, WA 98109

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Description

he Kenneth Apartments presents an exceptional investment opportunity in Seattle's desirable Lower Queen Anne neighborhood, just one block from Climate Pledge Arena and steps from Seattle Center, the Space Needle, dining, shopping, and entertainment. Built in 1925, this 24-unit property features classic brick and terra cotta architecture with a mix of 3 efficiency units, 9 studios, and 12 one-bedroom apartments. The property offers approximately 13,545 rentable square feet, seven surface parking stalls, and on-site laundry. Capital improvements include updated electrical panels, double-pane windows, a new boiler in 2023, and an updated fire alarm panel in 2018. Original hardwood floors, millwork, and built-ins provide character and opportunities for value-add renovations. Offered at approximately $198,000 per unit, The Kenneth provides investors with an opportunity to increase rental income through interior improvements and bringing rents closer to market levels. An assumable interest-only loan offers an additional financing option, subject to lender approval. Ideally positioned near major employment centers in Downtown Seattle and South Lake Union, The Kenneth combines historic charm, rental upside, and an outstanding urban location.

Details

MLS #2595687
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site15
Listing Provided ByKidder Mathews | Max Frame

Features

SQ Feet13,545
Story(s)3
Units3
Acreage0.17

Taxes

Property52505

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98109
Area700 Queen Anne | Magnolia
Community NameQueen Anne
Listing VS Median (in Queen Anne)
Price:
$4,750,000
low | high
Med:
$689,000
100% of Average
sqft:
13,545
low | high
Med:
1,140
100% of Average
$ / sqft:
$351
low | high
Med:
$604
22.338942508252% of Average
On site:
15
low | high
Med:
214
7.009345794393% of Average
Sourced by Back At You

Market Activity 98109

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98109
Area700 Queen Anne | Magnolia
Community NameQueen Anne
Listing VS Median (in Queen Anne)
Price:
$4,750,000
low | high
Med:
$689,000
100% of Average
sqft:
13,545
low | high
Med:
1,140
100% of Average
$ / sqft:
$351
low | high
Med:
$604
22.338942508252% of Average
On site:
15
low | high
Med:
214
7.009345794393% of Average
Sourced by Back At You
Listing Updated: October 19, 2026 at 7:41:34 AM PDT