$2,550,000
SOLD DEC 22, 2025
12 Beds
11 Baths
9,350 Sq Ft
4,800 Sq Ft Lot

Recently Sold

$273 Per Sq Ft

14% Below List Price

Highlights

  • Property Fronts a Bay or Harbor
  • No HOA
  • Forced Air Heating System
  • Garfield High School Rated A
  • Thermal Windows
  • 1-minute walk to Summit Slope Park

About This Home

As of December 2025

The Lanning, an 11-unit apartment in the heart of Capitol Hill. This well-maintained brick veneer building, built in 1910, offers spacious layouts 827 SF on avg, a rare find in a neighborhood known for compact apartments. The unit mix consists of 10 one-bedroom units and 1 two-bedroom unit, well-preserved hardwood floors, and in-unit w/d in 10 of the units. Steps from Broadway’s vibrant retail corridor, the Light Rail Station & SLU. Currently operating with below market rents, The Lanning presents a clear value-add opportunity. Whether repositioning as a bespoke high-end rental or realizing efficiencies as stabilized asset, The Lanning represents an unparalleled opportunity to own in one of Seattle’s most resilient and dynamic submarkets.

Last Agent to Sell the Property

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 08/04/2025

Co-Listed By

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Last Buyer's Agent

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 08/04/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2416448

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,995

Year Built

  • Built in 1910

Lot Details

  • 4,800 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 9,350 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6848200606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,995

Year Built

Built in 1910

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1910
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 9350
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,See Remarks,Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront Features: Bayfront
  • Waterfront: Yes
  • Construction Type: Brick, Cement Plank, Stucco
  • Exterior Features: Brick, Cement Planked, Stucco
  • Foundation Details: Block, Poured Concrete, See Remarks
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Other – See Remarks
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6848200606
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4800
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 20485

Tax Info

  • Year: 2025
  • Tax Annual Amount: 30995

Multi Family

  • Number Of Units Total: 11
  • EnergySource: Electric
  • UnitsBelowGrade: true
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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
12/22/2025 12/22/25 Sold $2,550,000 -5.6% $273 / Sq Ft
10/03/2025 10/03/25 Pending -- -- --
09/10/2025 09/10/25 Price Changed $2,700,000 -8.5% $289 / Sq Ft
08/04/2025 08/04/25 For Sale $2,950,000 -- $316 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $30,092 $3,158,000 $1,920,000 $1,238,000
2023 $30,374 $3,247,000 $1,920,000 $1,327,000
2022 $34,255 $3,866,000 $1,776,000 $2,090,000
2021 $37,015 $3,781,000 $1,776,000 $2,005,000
2020 $31,641 $3,888,000 $1,920,000 $1,968,000
2018 $27,051 $2,893,000 $1,656,000 $1,237,000
2017 $26,506 $2,760,000 $1,704,000 $1,056,000
2016 $22,815 $2,801,000 $600,000 $2,201,000
2015 -- $2,347,000 $600,000 $1,747,000
2014 -- $2,069,000 $600,000 $1,469,000
2013 -- $2,031,000 $600,000 $1,431,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2416448

Northwest Multiple Listing Service (NWMLS)
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