$2695000
Bed
Bath
5712 SqFt
22 DOM
Built: 1904
CEO & Founder
(650)533-3259Alchemy Apartments is a unique, like-new asset located in the heart of Seattle’s Phinney Ridge neighborhood. The property offers profitability, long term durability, & upside while providing walkability & modern finishes to residents. The Alchemy features fully remodeled 2-bed/2-bath residences averaging approx. 850 SF. Units have been upgraded with contemporary interiors, in-unit laundry, dishwashers, & modern systems. Constructed with a charming brick veneer exterior & just the right amount of old-world charm, Alchemy Apartments offers lasting quality & low-maintenance ownership, as the building will never require exterior repainting & all major systems have been completely updated. On-site parking is available for 5 vehicles. The Alchemy boasts a Very Walkable walk score of 89, with residents just steps from Phinney Ridge’s restaurants, coffee shops, grocery stores, & neighborhood services. The property is within steps of bus route 5 & is approximately a 1/2 mile from the E Line. Additionally, quick access to Interstates 99 & 5 allows for efficient commutes to Downtown, SLU, & the Eastside. The Alchemy offers a 5.7% cap rate based on current income & expenses, providing investors with immediate, in-place cash flow alongside immediate upside. This easy upside was demonstrated by the most recently rented unit going for $3,395. Irreplaceable location, strong rental performance & profitability, excellent transit connectivity, & turnkey condition. Fully renovated in 2013.
Listing Provided Courtesy of Dan Swanson, Kidder Mathews
NWM2478703
Multi Family
22 DOM
5000.69 SqFt
5712
1904
Commerc
King
West Woodland
Hamilton Mid
Lincoln High
Residential Incom
Multi Family
Listing Provided Courtesy of Dan Swanson, Kidder Mathews
Kasamestates data last checked: Mar 04, 2026 02:44 | Listing last modified Feb 10, 2026 20:08,
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