Listed by Capstone Commercial, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE
1 Bed
1 Bath
10,130 Sq Ft
4,225 Sq Ft Lot

Last Sold January 09, 2024

Last sale price $2,700,000 $267 Per Sq Ft

34 Days on Market

Highlights

  • City View
  • Corner Lot
  • Baseboard Heating
  • Garfield High School Rated A
  • No HOA
  • 2-minute walk to Tashkent Park

About This Home

As of January 2024

Located in the heart of Seattle’s vibrant Capitol Hill neighborhood is an extraordinary opportunity for investors seeking both current income and future potential. The East Roy Apt, a 12-unit apartment building boasts a desirable location. This mid-century building features 9 one-bedroom and 3 two-bedroom units, offering spacious layouts designed for comfortable living. Timeless walk-up design and open floor plans, thoughtfully designed to seamlessly integrate kitchens, dining areas, and generously sized living rooms. Select units have undergone modern renovations, featuring upgraded kitchen cabinets, stylish vinyl plank flooring, and contemporary lighting elements. Upgrading the remaining units would add value and rent upside.

Last Agent to Sell the Property

Ian Brown

Capstone Commercial License #48896 Listed on: 09/14/2023

Last Buyer's Agent

Ilanit Inbar

Skyline Properties, Inc. License #125766

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2162219

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,432

Year Built

  • Built in 1958

Lot Details

  • 4,225 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Composite

Interior Spaces

  • 10,130 Sq Ft Home
  • 3-Story Property
  • Vinyl Flooring
  • City Views

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6848200835

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,432

Year Built

Built in 1958

Lot Details

4,225 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10130
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: City
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Available
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6848200835
  • Lot Size Acres: 0.097
  • Lot Size Sq Ft: 4225
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13.65
  • LeasedItems: None
  • TotalMonthlyIncome: 18315

Tax Info

  • Year: 2023
  • Tax Annual Amount: 30432

Multi Family

  • Number Of Units Total: 12
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false
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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
01/09/2024 01/09/24 Sold $2,700,000 -10.0% $267 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $3,000,000 -- $296 / 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 $24,516 $2,565,000 $1,352,000 $1,213,000
2023 $35,338 $3,808,000 $1,352,000 $2,456,000
2022 $32,572 $3,648,000 $1,035,100 $2,612,900
2021 $35,095 $3,602,000 $1,035,100 $2,566,900
2020 $32,512 $3,692,000 $1,225,200 $2,466,800
2018 $25,788 $2,873,000 $845,000 $2,028,000
2017 $23,587 $2,636,000 $845,000 $1,791,000
2016 $18,156 $2,493,000 $507,000 $1,986,000
2015 $16,046 $1,871,000 $464,700 $1,406,300
2014 -- $1,690,000 $464,700 $1,225,300
2013 -- $1,565,000 $464,700 $1,100,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2162219

Northwest Multiple Listing Service (NWMLS)
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