Listed by Windermere Real Estate Co.
$1,998,000
$20K PRICE DROP

Estimated payment $12,291/month

Total Views 5,687
7 Beds
9 Baths
5,468 Sq Ft
$365 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • Mountain View
  • Wood Burning Stove
  • Garfield High School Rated A
  • Deck
  • 3-minute walk to T.T. Minor Playground

About This Home

Beyond the English laurel and torii gate, this 5,500 SF Federal Avenue style colonial revival found new life under the meticulous care of its carpenter-owner as Laurel Gate—8 distinctive apartments. Relish 124-yr-old fir floors, balconies, exposed brick fireplaces, fanciful attic lofts and repurposed wood details throughout. Each home reveals a bespoke layout brimming with character to bring in top rent. A seismic retrofit, new plumbing and wiring, added insulation and upgrades at every turn beam with pride of ownership. From the lush front lawn and communal garden shed to the secure mailbox, shared laundry and alley parking, a sense of community and stewardship retains tenants. The 7200 SF lot with LR3 zoning offers development potential.

Listing Agent

Edward Krigsman

Windermere Real Estate Co. License #2270 Listed on: 05/22/2025

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2380418

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,756

Year Built

  • Built in 1900

Lot Details

  • 7,200 Sq Ft Lot
  • Lot Dimensions are 120' x 60'
  • Partially Fenced Property
  • Sprinkler System
  • Value in Land
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,468 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Thermal Windows

Flooring

  • Engineered Wood
  • Softwood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 9 Bathrooms

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Madrona Elementary School
  • Meany Mid Middle School
  • Garfield High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Laurel Gate—8 Condos
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7234600910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,756

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1900
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Laurel Gate—8
  • New Construction: No
  • CalculatedSquareFootage: 5468
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Hardwood, Softwood, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,Coin Op Laundry,See Remarks,Storage,Thermal Windows

Exterior Features

  • Roof: Composition, Flat
  • View: Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete, Wood
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Pillar/Post/Pier, Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Stove/Free Standing, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • CableConnected: Astound Internet
  • InternetConnected: Astound Internet
  • WaterSewerGarbage: 9300

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 660

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 7234600910
  • Lot Size Acres: 0.1653
  • Lot Size: 120' x 60'
  • Lot Size Sq Ft: 7200
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Outbuildings,Sprinkler System
  • MLSLotSizeSource: KCAR
  • MLSSquareFootageSource: King County Assessor's Office
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 151620

Multi Family

  • Gross Scheduled Income: 151620
  • Net Operating Income: 89964
  • Number Of Units Total: 8
  • Electric Expense: 1044
  • Insurance Expense: 5472
  • Leasable Area: 5392
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 19756

MLS Schools

  • Elementary School: Madrona Elementary

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $1,998,000 -1.0% $365 / Sq Ft
05/22/2025 05/22/25 For Sale $2,018,000 -32.7% $369 / Sq Ft
07/03/2018 07/03/18 Sold $3,000,000 0.0% $615 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $3,000,000 -- $615 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2380418

Northwest Multiple Listing Service (NWMLS)