SOLD // 2122 E Jefferson St, Seattle, WA 98122

Elena Apartments

Elena Sold For: $3,850,000

Originally built as condos in 1988, Elena has been fully renovated with high-quality finishes, presenting the opportunity to acquire a trophy asset. Tenants are attracted to the spacious two-bedroom units averaging +/- 870SF, featuring hardwood floors, spacious layouts, in-unit laundry, patios, and condo-quality finishes throughout the kitchens and bathrooms. Elena has been extremely well maintained and managed since it was built and presents a low-maintenance investment opportunity.

Property Overview

ADDRESSES

2122 E Jefferson St,

Seattle, WA

RESIDENTIAL NRSF

± 10,440

NEIGHBORHOOD

Central District

ZONING

L2R (M)

YEAR BUILT

1980

HEATING

Electric

UNITS

12 Units

SITE AREA

9,300 SF

Executive Highlights

Variety of Amenities

Units have patios, air-conditioning, dishwashers, in-unit laundry, storage options, and off-street parking.
Off-Street Parking

12 off-street parking spots offers security and convenience for tenants with cars.
Strong Core-Seattle Tenant Base

Due to proximity to employment opportunities, the average household income in Central District is $151,000 per year.
Strong Unit Mix

Spacious two-bedroom units offer condo-quality living spaces.
Attractive Year of Construction

Comparable rents allow for 11% increase for current in-place rents
Excellent Proximity To The Region’s Major Employers

• 10 minutes to Amazon, Google, Apple, Meta, Central Business District
• 5 minutes to UW, Swedish, Harborview, Virginia Mason hospitals
• 15 minutes Microsoft, T-Mobile, Downtown Bellevue