NOT LISTED FOR SALE

1310 E Thomas St Seattle, WA 98102

Capitol Hill Neighborhood
-- Bed
-- Bath
19,210 Sq Ft
0.31 Acres

Last Sold September 07, 2023

Last sale price $8,527,000 $444 Per Sq Ft

76 Days on Market

Highlights

  • City View
  • 0.31 Acre Lot
  • Corner Lot
  • Garfield High School Rated A
  • Deck
  • 4-minute walk to Williams Place

About This Home

As of September 2023

Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.

Last Listed By

Dan Swanson

Kidder Mathews License #13533 Listed on: 04/13/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2055635

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $64,392

Year Built

  • Built in 1967

Lot Details

  • 0.31 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Property Views

  • City
  • Limited

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 19,210 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring

Parking

  • 10 Parking Spaces
  • Open Parking

Schools

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

Additional Features

  • Deck
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6003501931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,392

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 1
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 19210
  • Special Features: None
  • Cumulative Days on Market: 350

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: City, Partial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 35000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 6003501931
  • Lot Size Acres: 0.3108
  • Lot Size Sq Ft: 13537
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.1
  • LeasedItems: None
  • TotalMonthlyIncome: 61472

Multi Family

  • Gross Scheduled Income: 737664
  • Net Operating Income: 521691
  • Number Of Units Total: 20
  • Insurance Expense: 4705
  • Leasable Area: 17288
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 64392

MLS Schools

  • Elementary School: Lowell

Range of Values:

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Sold Price
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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
09/07/2023 09/07/23 Sold $8,527,000 -12.0% $444 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
05/25/2023 05/25/23 Price Changed $9,695,000 -3.0% $505 / Sq Ft
04/13/2023 04/13/23 For Sale $9,995,000 +55.0% $520 / Sq Ft
01/31/2022 01/31/22 Sold $6,450,000 -7.9% $400 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $7,000,000 -- $434 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Swanson

    Seller's Agent in 2023

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    5 in this area

    57 Total Sales

    Dan Swanson
    Section Image
  • Joe Kinkopf

    Seller's Agent in 2022

    Joe Kinkopf

    Northmarq Commercial, LLC

    (206) 321-8344

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2055635

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98102 Capitol Hill

1310 E Thomas St, Seattle, WA

This home is located at 1310 E Thomas St, Seattle, WA 98102 since 13 April 2023. This property was built in 1967. 1310 E Thomas St is a home located in King County with nearby schools including Lowell Elementary School, Meany Middle School, and Garfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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