321 Broadway E Seattle, WA 98102
Capitol Hill NeighborhoodEstimated payment $37,826/month
Highlights
- Lake View
- No HOA
- Forced Air Heating System
- Garfield High School Rated A
- Vinyl Plank Flooring
- 4-minute walk to Broadway Hill Park
About This Home
Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle’s most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2458589
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $67,567
Year Built
- Built in 1910
Lot Details
- 5,714 Sq Ft Lot
- Value in Land
- Property is in good condition
Property Views
- Lake
- City
- Territorial
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 15,560 Sq Ft Home
- 4-Story Property
- Vinyl Plank Flooring
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
- North Capitol Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 6850700380
Map
Home Values in the Area
Average Home Value in this Area
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 | $67,567 | $7,233,000 | $3,599,800 | $3,633,200 |
| 2023 | $68,129 | $8,117,000 | $3,599,800 | $4,517,200 |
| 2022 | $68,582 | $8,278,000 | $3,599,800 | $4,678,200 |
| 2021 | $74,836 | $7,669,000 | $3,599,800 | $4,069,200 |
| 2020 | $66,996 | $7,950,000 | $3,428,400 | $4,521,600 |
| 2018 | $57,148 | $6,564,000 | $1,942,700 | $4,621,300 |
| 2017 | $53,349 | $5,908,000 | $1,942,700 | $3,965,300 |
| 2016 | $45,481 | $5,704,000 | $1,285,600 | $4,418,400 |
| 2015 | -- | $4,737,000 | $942,800 | $3,794,200 |
| 2014 | -- | $4,075,000 | $857,100 | $3,217,900 |
| 2013 | -- | $3,966,000 | $857,100 | $3,108,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $6,200,000 | -- | $398 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2458589
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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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