2312 E Denny Way, Seattle, WA 98122 (MLS # 2569977)

Listing provided courtesy of Northwest MLS; Skyline Properties, Inc.

PRICE	$2,065,000
BEDS	0
BATHS	0
HOME SIZE	3,760 sqft
LOT SIZE	4,287 sqft

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The Caldwell presents investors with a compelling opportunity to acquire a turn-key multifamily investment in one of Seattle's premier urban submarkets, offering an attractive 5.0% in-place cap rate. Ideally positioned at the edge of Capitol Hill, the property is less than a block from Madison Street, a major arterial providing direct access to Downtown Seattle and the surrounding employment centers. The property features a highly functional mix of 1- and 2-bedroom floor plans, including three townhouse-style units, appealing to renters seeking additional space and flexibility for today's work-from-home lifestyle. Its prime location places residents within close proximity to the vibrant amenities of Capitol Hill while providing convenient access to major employers, healthcare institutions, and educational centers throughout the region. Continued growth in South Lake Union, driven by major technology employers including Amazon, Google, and Meta, combined with the established presence of Swedish Medical Center, Seattle University, and other major institutions, supports strong and sustained rental demand. With its desirable location, versatile unit mix, and established income stream, the Caldwell offers investors an attractive combination of current cash flow, tenant demand, and long-term appreciation potential.

LAST UPDATED	9/8/2026	TRACT	Madison Valley
YEAR BUILT	1983	COMMUNITY	Madison Valley
COUNTY	King	STATUS	Active
PROPERTY TYPE(S)	Multi Family

SCHOOLS

Elementary School	Buyer To Verify
Jr. High School	Buyer To Verify
High School	Buyer To Verify

ADDITIONAL DETAILS
AIR	None
AREA	390 - Central Seattle
CONSTRUCTION	Metal Siding
HEAT	Electric, Wall Furnace
LOT	4286 sq ft
LOT DESCRIPTION	Curbs, Open Space, Paved, Sidewalk
MLS STATUS	Active
STORIES	3
STYLE	55 - 5-9 Units
SUBDIVISION	Madison Valley
TAXES	14993
UTILITIES	Sewer Connected
VIEW	Yes
VIEW DESCRIPTION	Territorial
WATER	Public
ZONING	Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/9/26 3:41 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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