Listed by Westlake Associates, Inc., Bought with Westlake Associates, Inc.
$5,150,000
SOLD MAY 20, 2025

603 3rd Ave W Seattle, WA 98119

Lower Queen Anne Neighborhood
12 Beds
24 Baths
12,510 Sq Ft
10,300 Sq Ft Lot

Recently Sold

$412 Per Sq Ft

5% Below List Price

24 Days on Market

Highlights

  • City View
  • Wood Flooring
  • No HOA
  • John Hay Elementary School Rated A
  • Corner Lot
  • 5-minute walk to Counterbalance Park

About This Home

As of May 2025

The Regan Lee’s 24 spacious studio and one-bedroom units showcase original hardwood floors, mahogany doors, rich wood trim, arched entryways, and abundant natural light, preserving the elegance of a bygone era. The property also features eight garage stalls along the alley, providing both parking convenience and additional income. With current rents well below market, The Regan Lee offers a compelling opportunity to increase NOI through strategic renovations and rent optimization. Additionally, investors may explore redevelopment potential of the existing garage space to add units and further maximize value (buyer to verify).

Last Agent to Sell the Property

Curran Hagstrom

Westlake Associates, Inc. License #103072 Listed on: 03/24/2025

Co-Listed By

Collin Hagstrom

Westlake Associates, Inc. License #49398

Last Buyer's Agent

Richard Kemp

Westlake Associates, Inc. License #31127

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2348870

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,397

Year Built

  • Built in 1929

Lot Details

  • 10,300 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Parking

  • 8 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 12,510 Sq Ft Home
  • 3-Story Property
  • City Views

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 24 Bathrooms

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3876900030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,397

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1929
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 12510
  • Special Features: None
  • Cumulative Days on Market: 24

Interior Features

  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceramic Tile
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: City
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 33549

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3876900030
  • Lot Size Acres: 0.2365
  • Lot Size Sq Ft: 10300
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: King County Assessor
  • MLSSquareFootageSource: King County Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.21
  • LeasedItems: None
  • TotalMonthlyIncome: 36850

Multi Family

  • Gross Scheduled Income: 442199
  • Net Operating Income: 220279
  • Number Of Units Total: 24
  • Insurance Expense: 45539
  • Leasable Area: 12510
  • EnergySource: Electric
  • UnitsInBuildingTotal: 24
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 50397

Range of Values:

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Sold Price
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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 Change Sq Ft Price
05/20/2025 05/20/25 Sold $5,150,000 -4.6% $412 / Sq Ft
04/17/2025 04/17/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $5,400,000 -- $432 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Curran Hagstrom

    Seller's Agent in 2025

    Curran Hagstrom

    Westlake Associates, Inc.

    (206) 505-9416

    1 in this area

    7 Total Sales

    Curran Hagstrom
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Collin Hagstrom

    Westlake Associates, Inc.

    (206) 505-9400

    1 in this area

    7 Total Sales

    Collin Hagstrom
    Section Image
  • Richard Kemp

    Buyer's Agent in 2025

    Richard Kemp

    Westlake Associates, Inc.

    (206) 505-9430

    1 in this area

    2 Total Sales

    Richard Kemp
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2348870

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98119 Lower Queen Anne

603 3rd Ave W, Seattle, WA

This home is located at 603 3rd Ave W, Seattle, WA 98119 and is currently priced at $5,150,000, approximately $411 per square foot. This property was built in 1929. 603 3rd Ave W is a home located in King County with nearby schools including John Hay Elementary School, Mcclure Middle School, and Lincoln 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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