Courtesy of: Jed A Kliman | Windermere RE Greenwood
$1,395,000Seattle, WA 98102
0.06 Acres
King County
Key Features
MLS ID: 2211088
Year Build: 1909
Status: Active
Property Type: Residential Income
Area: 390 - Central Seattle
Exterior: ["Wood"]
Address: 314 E Mercer Street , Seattle, WA 98102
City: Seattle
State: WA
Zip: 98102
County: King
Description
This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.2 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.
Property Map
From Broadway, go west on E Mercer St to property. Great Capitol Hill location.
Listing # Courtesy of Jed A Kliman of Windermere RE Greenwood. Last Updated: May 14, 2024.
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