Investment Opportunity with Owner-Occupant Option Lena Apartments is a well-maintained 4-unit building in the High Point neighborhood of West Seattle, offering stable income today and significant upside potential tomorrow. Each unit is a 1-bedroom, 1-bath layout with hardwood floors, efficient kitchens, and access to outdoor space. Located in High Point High Lena Apartments offers strong investment potential, with average home values around $660, 000 and steady annual growth of about 3%. The area stands out for its professional demographic, with over half of residents working in managerial or professional roles, and its median household income exceeding 75% of U.S. neighborhoods, highlighting both economic stability and upward mobility.
Property Features
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
Interior Features
- Flooring: Laminate Hardwood
Exterior and Lot Features
Land Info
- Lot Description: Sidewalk
- Lot Size Acres: 0.1821855
- Lot Size Square Feet: 7936
Garage and Parking
- Open Parking Spaces: 4
- Open Parking: Yes
- Parking Total: 4
- Uncovered Spaces: 4
Amenities and Community Features
Rental Info
- Gross Scheduled Income: 49800
- Leasable Area: 2360
Multi-Unit Info
- Number of Units: 4
- Unit-1 Square Feet: 640
- Unit-2 Square Feet: 640
- Unit-3 Square Feet: 540
- Unit-4 Square Feet: 540
- Unit 1 Total Actual Rent: 1550
- Unit 2 Total Actual Rent: 1340
- Unit 3 Total Actual Rent: 1250
School Information
- High School District: Seattle
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 8276
- Source Listing Status: Active
- Country Region: US
- County: King
- Cap Rate: 5.2
- Directions: State Rte 509 N/WA-509 N to WA-99/W Marginal Wy S in Seattle. Take the WA-99 S exit from State Rte 509 N/WA-509 N WA-99. Take Highland Park Wy SW and SW Holden St to Delridge Wy SW
- Tax Year: 2025
- Other Expense: 6571
- Source Property Type: Multi Family
- Insurance Expense: 1614
- Area: 140 - West Seattle
- List Development Name: High Point
- Source Neighborhood: High Point
- Parcel Number: 1900000014
- Street Suffix Modifier: Way
- Subdivision: High Point
- Source System Name: C2C
Commercial Info
- Net Operating Income: 23209
- Operating Expense: 24101
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Public
Building and Construction
- Building Area Total: 2360
- Building Area Units: Square Feet
- Building Exterior Type: Brick
- Property Age: 68
- Roof: Composition
- Building Total Stories: 1
- Structure Type: Quadruplex
- House Style: 4-Plex
- Elevation Units: Feet
- Year Built Effective: 1988
