Listed by Paragon Real Estate Advisors
$1,500,000

206 12th Ave E Seattle, WA 98102

Capitol Hill Neighborhood

Estimated payment $9,311/month

Total Views 5,785
4 Beds
7 Baths
2,765 Sq Ft
$542 Price per Sq Ft

Highlights

  • No HOA
  • Hot Water Circulator
  • 3-minute walk to Williams Place
  • Garfield High School Rated A
  • Wood Siding

About This Home

SELLER FINANCING AVAILABLE - This 6-unit apartment building offers a prime investment opportunity in the heart of Capitol Hill with immediate value-add potential. Just a short walk from the Capitol Hill Light Rail Station, it provides residents easy access to downtown, the University District, and SeaTac Airport. The property includes a balanced unit mix: 2 studios sharing a bathroom and four 1-bd units, 3 of which feature updates like LVP flooring, bathroom improvements, and some new countertops. These upgraded units are currently vacant, ready for lease-up at market rents. An office space could be incorporated into a unit to boost square footage and income as well as the ability to add W/D in basement/workroom.

Listing Agent

Will Douglas

Paragon Real Estate Advisors License #23011013 Listed on: 05/12/2025

Co-Listing Agent

Ryan Iles

Paragon Real Estate Advisors License #108410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2374362

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,919

Year Built

  • Built in 1901

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,765 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 7 Bathrooms

Additional Features

  • 3,200 Sq Ft Lot
  • Hot Water Circulator

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6003501630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,919

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1901
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2765
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water Recirc Pump
  • Heating Yn: Yes
  • WaterSewerGarbage: 7200

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6003501630
  • Lot Size Acres: 0.0735
  • Lot Size Sq Ft: 3200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.58
  • LeasedItems: None
  • TotalMonthlyIncome: 8576

Multi Family

  • Gross Scheduled Income: 102912
  • Net Operating Income: 62489
  • Number Of Units Total: 7
  • Insurance Expense: 1659
  • Leasable Area: 2765
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 15919

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 List to Sale Price per Sq Ft
05/12/2025 05/12/25 For Sale $1,500,000 -- $542 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2374362

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98102 Capitol Hill

206 12th Ave E, Seattle, WA

This home is located at 206 12th Ave E, Seattle, WA 98102 and is currently priced at $1,500,000, approximately $542 per square foot. This property was built in 1901. 206 12th Ave E 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) 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. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Will Douglas
Listing Agent
Will Douglas
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Paragon Real Estate Advisors
(206) 202-9548