Listed by 206 Property Advisors
$2,195,000

Estimated payment $13,412/month

Total Views 207
2 Beds
4 Baths
5,448 Sq Ft
$403 Price per Sq Ft

Highlights

  • City View
  • Wood Flooring
  • Baseboard Heating
  • Garfield High School Rated A
  • No HOA
  • 1-minute walk to Thomas Street Mini Park

About This Home

Exceptional opportunity to own a historic retail flex space below two gorgeous rental units adjacent to South Lake Union on Capitol Hill's western slope.The versatile commercial space has a well-designed layout with private offices, conference room, two bathrooms, large private back patio, a basement kitchen, and 1920's original features such as terrazo flooring and a working walk-in bank vault. The 2nd floor features two huge 1-bedroom apartments with modern convienceces and charming period details. With walk-in closets, lots of light, tall cielings, and built-ins, units are rarely vacant and fetch top market rents for this thriving urban area. ADU pontential in the back. Property could qualify for SBA loan to an occupied business.

Listing Agent

James Eeckhoudt

206 Property Advisors License #24019484 Listed on: 08/14/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2420922

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,419

Year Built

  • Built in 1925

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 5,448 Sq Ft Home
  • 3-Story Property
  • City Views

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Schools

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

Additional Features

  • 4,271 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2925049092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,419

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1925
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5448
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: City
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 4194

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: 2925049092
  • Lot Size Acres: 0.098
  • Lot Size: 4,271
  • Lot Size Sq Ft: 4271
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • MLSSquareFootageSource: King County

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 11402

Multi Family

  • Gross Scheduled Income: 136824
  • Net Operating Income: 97203
  • Number Of Units Total: 3
  • Insurance Expense: 4507
  • Leasable Area: 4106
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2025
  • Tax Annual Amount: 17419

MLS Schools

  • Elementary School: Lowell

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

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 $17,419 $1,807,400 $1,708,400 $99,000
2023 $13,184 $2,036,700 $1,708,400 $328,300
2022 $14,238 $1,538,500 $1,537,500 $1,000
2021 $16,528 $1,538,500 $1,537,500 $1,000
2020 $15,361 $1,709,400 $1,708,400 $1,000
2018 $10,917 $1,474,400 $1,473,400 $1,000
2017 $7,189 $1,090,100 $1,089,100 $1,000
2016 $6,617 $728,700 $533,800 $194,900
2015 $6,445 $664,400 $533,800 $130,600
2014 -- $664,400 $533,800 $130,600
2013 -- $627,500 $533,800 $93,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $2,195,000 -- $403 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Chicago Title
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,040,000 Commercial
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2420922

Northwest Multiple Listing Service (NWMLS)

APN: 292504-9092