About this property

The Deauville Apartments is an 8-unit apartment community above the Interbay corridor in North Queen Anne. Built in 1961 and fully renovated since 2019, with $325k invested, the property offers a turn-key investment with strong in-place revenue and streamlined operations in one of Seattle’s most desirable rental markets. The 8 two-bedroom homes average 784 square feet and each offer view windows, dishwashers, in-unit washers and dryers, modern updates, off-street parking, and access to storage. Unique features contributing to strong tenant demand include new hardwood floors in most units, lush gardens, outdoor spaces, and territorial views. Convenient access to major employers and transit is a draw for tenants employed in Downtown Seattle, Fremont, University of Washington, South Lake Union, and First Hill. Nearby Ballard, Fremont, and Interbay also offer extensive shopping and amenities for tenants. Recent systems updates have included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout, roof and storm drainage upgrades, and a full exterior refresh (repairs, paint, fixtures). There is future redevelopment on this 9,000 square foot LR3(M)-zoned lot and there is the ability to add a 9th unit in the common laundry room/storage area.