4241 21st Avenue W, Seattle, WA 98199 | MLS #NWM2321503 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Windermere Real Estate MidtownNWMLSas Distributed by MLSGrid- MLS# NWM2321503MLS Provider

4241 21st Avenue WSeattle, WA 98199

Commercial · 0.28 Acres
$2,500,000 Pending

4241 21st Avenue W Overview

Visits:
22

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.

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4241 21st Avenue W Facts & Features

  • Type Commercial
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Other Expense: 63679
  • Electric Expense: 23524
  • Fuel Expense: 13748
  • Gross Scheduled Income: 459000
  • Insurance Expense: 6686
  • Net Operating Income: 251410
  • Total Expenses: 164945
  • Water/Sewer/Garbage: 12051

Building Information

  • Year Built: 1979

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 700 - Queen Anne/Magnolia
  • Subdivision Name: Magnolia

Tax Information

  • Tax Annual Amount: $45,257.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2771100445
  • Possible Use: Business,Commercial,Industrial,Office
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 22365
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Ceiling Height: 11
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Concrete, Laminate, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Uncovered Total: 13

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.2755
  • Lot Size Dimensions: 100 x 120
  • Lot Size Square Feet: 12000
  • Lot Size Units: Square Feet
  • Site Frontage: 100
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Built-Up, Flat
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Covered Spaces: 10
  • Exterior Features: Cement/Concrete, Wood Products
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Office

Unit 2 Details

  • Unit Type: Office

Unit 3 Details

  • Unit Type: Office

Unit 4 Details

  • Unit Type: Office

4241 21st Avenue W Neighborhood

Community

98199 (Seattle) Demographics

39
Median Age
4,121
Population Density (per sq. mile)
80%
College Educated
$134,709
Estimated Median Income
6,249
Estimated Total Home Owners
4,047
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4241 21st Avenue W Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4241 21st Avenue W Market Data

Based on the last 30 days in this zip code

$1,337,702
Average List Price
$623
Average Price per Square Foot
26
Properties Sold
50
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

4241 21st Avenue W History

Date Event Value Agent
5/29/2026Source: NWMLS Status Change
Pending
4/15/2026Source: NWMLS Status Change
Pending Feasibility
1/22/2026Source: NWMLS Price Reduction
$2,500,000 -28.6%
1/12/2026Source: NWMLS Status Change
Active
5/29/2025Source: NWMLS Status Change
Pending Feasibility
1/9/2025Source: NWMLS Added to Database
January 09, 2025