The Rogene Apartments, a distinctive mid-century marblecrete building, has been modernized with a fresh color scheme. Originally from the late 1950s, it features updated 1-bedroom units, luxury carpet, new windows, quartz countertops, new cabinets, stainless steel appliances, tile backsplash, all-new bathrooms, vinyl hardwood flooring, and a new roof (2016). With an estimated 300 SF of underutilized storage ideal for conversion to a studio unit, this low-maintenance property is in Fauntleroy, near Puget Sound and Westwood shopping center, with direct downtown Seattle access via the C-bus line. Future redevelopment possibility with 13, 216 SqFt of NC2P-55 upzoned land.
Property Features
Bedrooms
Interior Features
- Laminate Hardwood
- Wall to Wall Carpet
- Flooring: Laminate Hardwood, Wall to Wall Carpet
Bathrooms
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
Exterior and Lot Features
Land Info
- Lot Description: Alley
- Lot Size Acres: 0.3034
- Lot Size Square Feet: 13216
Garage and Parking
- Open Parking Spaces: 10
- Open Parking: Yes
- Parking Total: 10
- Uncovered Spaces: 10
Amenities and Community Features
Rental Info
- Gross Scheduled Income: 235440
- Leasable Area: 7976
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 13
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Bedrooms in Unit-7: 1
- Bedrooms in Unit-8: 1
- Bedrooms in Unit-9: 1
- Bedrooms in Unit-10: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 1
- Total Bathrooms in Unit-8: 1
- Total Bathrooms in Unit-9: 1
- Total Bathrooms in Unit-10: 1
- Unit-1 Square Feet: 682
- Unit-2 Square Feet: 516
- Unit-3 Square Feet: 620
- Unit-4 Square Feet: 620
- Unit-5 Square Feet: 620
- Unit-6 Square Feet: 620
- Unit-7 Square Feet: 620
- Unit-8 Square Feet: 620
- Unit-9 Square Feet: 620
- Unit-10 Square Feet: 620
- Unit 1 Total Actual Rent: 1750
- Unit 2 Total Actual Rent: 1550
- Unit 3 Total Actual Rent: 1495
- Unit 4 Total Actual Rent: 1550
- Unit 5 Total Actual Rent: 1420
- Unit 6 Total Actual Rent: 1450
- Unit 7 Total Actual Rent: 1365
- Unit 8 Total Actual Rent: 1425
- Unit 9 Total Actual Rent: 1350
- Unit 10 Total Actual Rent: 1625
School Information
- High School District: Seattle
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Patio
- Annual Tax Amount: 29134
- Source Listing Status: Active
- Country Region: US
- County: King
- Cap Rate: 5.53
- Directions: From I-5 Take exit 163A for W Seattle Bridge, Continue onto West Seattle Bridge, Turn left onto 35th Ave SW and follow all the way down to property.
- Tax Year: 2024
- Other Expense: 34361
- Source Property Type: Multi-Family
- Possible Use: Multi-Family
- Insurance Expense: 5736
- Area: 140 - West Seattle
- List Development Name: Fauntleroy
- Source Neighborhood: Fauntleroy
- Parcel Number: 2491200880
- Subdivision: Fauntleroy
- Zoning: Multi-Family
- Source System Name: C2C
- Buyer Agent Commission: 2
Commercial Info
- Net Operating Income: 169866
- Operating Expense: 82735
Utilities
- Power Production Type: Electric
- Sewer: Available
Building and Construction
- Building Area Total: 7976
- Building Area Units: Square Feet
- Foundation Details: Slab
- Living Area Units: Square Feet
- Property Age: 65
- Property Condition: Good
- Roof: Flat
- Building Total Stories: 2
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
- Year Built Effective: 1988
