4241 21st Avenue W, Seattle, 98199
MLS® #: 2321503
Active, 378 Days on Market
Listing Office: Windermere Real Estate Midtown
Last Update: 2026-02-14
0
Garages
378
Dom
0.28
Acres
1979
Built
Remodeled 4-story office building featuring a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. Flexible leases allowing a new owner to occupy a portion or all of the building. 4.6% cap rate based on current income and 62% occupancy. Actual 10%+ cap rate with 90% occupancy. Please don't disturb current tenants.
Price & Status History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Price Reduced from $3,500,000 to $2,500,000 | |
| Date: | Details: Status Changed from Pending Feasibility to Active | – |
| Date: | Details: Status Changed from Active to Pending Feasibility | – |
Features of 4241 21st Avenue W
| MLS® # | 2321503 |
|---|---|
| Price | $2,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.28 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Active |
Community Information
| Address | 4241 21st Avenue W |
|---|---|
| Area | 700 - Queen Anne/Magnolia |
| Subdivision | Magnolia |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98199 |
Amenities
| Parking Spaces | 23 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | 90%+ High Efficiency, HRV/ERV System |
|---|---|
| Cooling | 90%+ High Efficiency, Central A/C, HEPA Air Filtration |
| Fireplace | No |
Exterior
| Exterior Features | Cement/Concrete, Wood Products |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Days on Market | 378 |
|---|---|
| Cumulative Days on Market | 378 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $42,002 |
Listing Details
| Office | Windermere Real Estate Midtown |
|---|
Listing Map
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