A rare opportunity to acquire a well-maintained 9-unit property in one of Seattle’s most desirable rental markets. Built in 1966, this classic midcentury asset combines strong in-place income with meaningful upside potential in a premier Capitol Hill location. With a Walker’s Paradise score of 95, it offers easy access to… Read More Downtown & SLU as well as to an abundance of neighborhood restaurants & retail. Within a 10-min walk there are 7 bus lines and a light rail station. The building features a highly rentable unit mix consisting of 4 two-beds, 4 one-beds, and 1 studio. There is a ±1,200-SF top-floor penthouse unit – ideal for an owner-occupant – offering two bedrooms plus a den, one-and-a-half bathrooms, and sweeping Downtown and Space Needle views. Edgene Apartments has been thought fully maintained and upgraded, including updated dual-pane windows, in-unit laundry and dishwashers in all units other than the studio, and elevator service. The property also offers an uncommon 11 parking spaces – 9 off-street and 2 garage – providing a valuable amenity in this dense urban neighborhood. New ownership may realize approximately ±20% income growth by raising rents to market, implementing RUBS, and monetizing parking. Condo documents are already in place comprising 12 parcels (1 for the land, 2 for parking, and 9 individual unit parcels), creating flexibility for future sell-off strategies and providing investors with both income growth potential and long-term disposition optionality. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
72
Days on Website
21
Last Updated
Property Type
Multi Family
Square Ft.
9,828
Lot Size
0.1 Acres
Year Built
1966
Property Tax
$25,081
MLS Number
2512757
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: 9828, Building Area Units: Square Feet, Calculated Square Footage: 9828, Elevation Units: Feet, Leasable Area: 6258, Living Area: 0, Number Of Units Total: 9, Stories Total: 3, Structure Type: "Multi Family", Units In Building Total: 9, Year Built: 1966
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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