A profitable, character-rich multifamily asset in highly desirable Capitol Hill neighborhood. Built in 1928, this well-maintained wood-frame property features 11 corner units (9 1-beds and 2 2-beds) each offering abundant natural light and spacious floor plans with dining areas and mulitple large closets. Property features old-world charm and all units… Read More are fully remodeled or new. Updated Square D panels and main service also appears to have been updated. Bathroom plumbing updates have been made on turnover. Select units feature walk-in closets, dining areas, and/or updated countertops. West facing top-floor units offer views of Downtown Seattle/Space Needle. Stable cash flow, historically low vacancy rates, and 6 parking spaces. With a walk score of 96, residents are near transit, restaurants, groceries, parks, and major employers. The property offers compelling value-add upside with multiple strategies: add a 12th unit in the existing building, retain the existing structure and add new units in the current parking area, or pursue a full redevelopment of the MR-zoned parcel, which can accommodate an estimated ±50-unit building (buyer to verify). Irreplaceable 1920s craftsmanship, dependable performance, and meaningful future potential, the Oriana Apartments stands as an exceptional opportunity in one of Seattle’s most dynamic and amenity-rich urban neighborhoods. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
84
Days on Website
84
Last Updated
Property Type
Multi Family
Square Ft.
9,176
Lot Size
0.17 Acres
Year Built
1928
Property Tax
$30,098
MLS Number
2482505
30 Days Snapshot Of 98102
$1.02M
-10%
(avg) sold price
28
+27%
homes sold
50
-39%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 9176, Building Area Units: Square Feet, Calculated Square Footage: 9176, Elevation Units: Feet, Leasable Area: 8159, Living Area: 0, Number Of Units Total: 11, Stories Total: 3, Structure Type: "Multi Family", Units In Building Total: 11, Year Built: 1928
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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