$2,800,000
 $15,031 est/mo Sourced by Back At You

34 W Cremona Street,Seattle, WA 98119

Seattle, WA 98119

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Description

We are pleased to present the Cremona Apartments, an 11unit apartment community built in 1961, offered to the market fully vacant at closing. This rare delivery provides investors and owner-occupants alike the immediate ability to lease all units at current market rents, pursue targeted renovations, or both with no displacement concerns and no inherited lease obligations. The building offers a well-rounded unit mix of one studio, six one-bedrooms, one one-bedroom plus den, and three two-bedrooms, set on a quiet residential street with six surface parking spaces. The common area, which houses individual storage units and a shared laundry hookup, is generously proportioned and may present an opportunity to incorporate into the adjacent studio unit as additional net rentable space, buyer to verify. Centrally positioned between Ballard, Fremont, South Lake Union, and Downtown Seattle, residents enjoy convenient access to the city’s most active employment corridor, with Meta, Apple, Anthropic, Google, Amazon, and Expedia all within easy reach. The Cremona Apartments represent an immediate executable opportunity in one of Seattle’s most desirable and supply-constrained neighborhoods. Delivered vacant, priced for today’s market, and positioned within minutes of Seattle’s strongest employment and lifestyle anchors, this is a rare chance for a new owner to set rents, define the tenant profile, and reposition the asset from day one with zero friction.

Details

MLS #2550353
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1961
Days On Site56
Listing Provided ByLee & Associates Commercial RE | Dea Sumantri

Features

SQ Feet6,417
Story(s)3
Units11
ZoningMulti-Family
Acreage0.22
Property ViewYes

Taxes

Property24414

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98119
Area700 Queen Anne | Magnolia
Community NameQueen Anne
Listing VS Median (in Queen Anne)
Price:
$2,800,000
low | high
Med:
$680,000
100% of Average
sqft:
6,417
low | high
Med:
1,227
100% of Average
$ / sqft:
$436
low | high
Med:
$572
18.799934005253% of Average
On site:
56
low | high
Med:
120
46.666666666667% of Average
Sourced by Back At You

Market Activity 98119

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Based on information submitted to the MLS GRID as of September 1, 2026 at 8:46:14 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98119
Area700 Queen Anne | Magnolia
Community NameQueen Anne
Listing VS Median (in Queen Anne)
Price:
$2,800,000
low | high
Med:
$680,000
100% of Average
sqft:
6,417
low | high
Med:
1,227
100% of Average
$ / sqft:
$436
low | high
Med:
$572
18.799934005253% of Average
On site:
56
low | high
Med:
120
46.666666666667% of Average
Sourced by Back At You
Listing Updated: July 31, 2026 at 1:57:06 PM PDT