Listed by Paragon Real Estate Advisors, Bought with Sound Asset Partners LLC
$3,900,000
SOLD JAN 16, 2026
7 Beds
30 Baths
15,325 Sq Ft
5,197 Sq Ft Lot

Recently Sold

$254 Per Sq Ft

16% Below List Price

About This Home

As of January 2026

Major price improvement. $155,000/unit and Proforma 7.28% cap rate with conservative market rents! The Winchester Apartments offer a singular opportunity to own a true trophy asset with a rich history in one of the finest rental locations in the city of Seattle. The property has been lovingly cared for by past owners and is in great condition with a very stable occupancy history. New ownership will benefit from strong future rent growth and appreciation and has several options to realize immediate income upside and ways of adding value.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 09/04/2025

Last Buyer's Agent

Alan Sit

Sound Asset Partners LLC License #105799

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2429318

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $47,500

Year Built

  • Built in 1927

Home Design

  • 15,325 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 30 Bathrooms

Additional Features

  • 5,196 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 6848700095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$47,500

Year Built

Built in 1927

Lot Details

5,196 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1927
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 15325
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Fireplace: No
  • Stories: 5
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6848700095
  • Lot Size Acres: 0.1193
  • Lot Size Sq Ft: 5196
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 8.86
  • LeasedItems: None
  • TotalMonthlyIncome: 43749

Tax Info

  • Year: 2025
  • Tax Annual Amount: 47500

Multi Family

  • Number Of Units Total: 30
  • EnergySource: Electric
  • 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
01/16/2026 01/16/26 Sold $3,900,000 -16.1% $254 / Sq Ft
11/04/2025 11/04/25 Pending -- -- --
10/14/2025 10/14/25 For Sale $4,650,000 0.0% $303 / Sq Ft
09/22/2025 09/22/25 Pending -- -- --
09/04/2025 09/04/25 For Sale $4,650,000 -- $303 / 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 $54,101 $5,760,000 $2,078,400 $3,681,600
2023 $64,564 $7,015,000 $2,078,400 $4,936,600
2022 $71,683 $8,105,000 $2,078,400 $6,026,600
2021 $76,365 $8,012,000 $2,078,400 $5,933,600
2020 $78,154 $8,107,000 $2,078,400 $6,028,600
2018 $63,326 $8,034,000 $1,792,600 $6,241,400
2017 $62,872 $6,548,000 $1,870,500 $4,677,500
2016 $53,441 $6,728,000 $675,400 $6,052,600
2015 -- $5,571,000 $675,400 $4,895,600
2014 -- $4,849,000 $675,400 $4,173,600
2013 -- $4,533,000 $649,500 $3,883,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2429318

Northwest Multiple Listing Service (NWMLS)
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