1111 18th Ave Seattle, WA 98122
Minor NeighborhoodEstimated payment $12,532/month
Highlights
- 0.17 Acre Lot
- Mountain View
- 3-minute walk to T.T. Minor Playground
- Garfield High School Rated A
- No HOA
About This Lot
Investor alert! LR3-zoned 7,200 SF lot in Capitol Hill with alley access & flat topography—ideal for townhomes or multifamily redevelopment. Meanwhile, collect income from the fully leased 9-unit Laurel Gate Apartments, a 5,200 SF Colonial Revival reimagined into 8 charming apartments plus landlord’s unit. Meticulous upgrades include seismic retrofit, new plumbing/wiring, gas heat, and Thermopane windows. 7 parking stalls, shared laundry, secure mail, and strong tenant retention. Walk score 94. One mile to light rail. A rare land bank with income.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2422561
Property Details
Property Type
- Land
Est. Annual Taxes
- $19,756
Lot Details
- 7,200 Sq Ft Lot
- Lot Dimensions are 120' x 60'
- Zoning described as Multi-Family
Property Views
- Mountain
- Territorial
Schools
- Madrona Elementary School
- Meany Mid Middle School
- Garfield High School
Utilities
- Septic Design Installed
Community Details
- No Home Owners Association
- Laurel Gate—8 Condos
- Capitol Hill Subdivision
Listing and Financial Details
- Tax Lot 17 Plat Lot: 12
- Assessor Parcel Number 7234600910
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 2422561
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Based on information submitted to the MLS GRID
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