Listed by Paragon Real Estate Advisors
$4,650,000
PENDING

605 E Denny Way Seattle, WA 98122

Capitol Hill Neighborhood

Estimated payment $28,515/month

Total Views 2,204
7 Beds
30 Baths
15,325 Sq Ft
$303 Price per Sq Ft

About This Home

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.

Listing Agent

Ryan Iles

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

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

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1927
  • MLS Status: Pending
  • Prev Status: Pending
  • 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

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
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)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2429318

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98102 Capitol Hill

605 E Denny Way, Seattle, WA

Pending

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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Ryan Iles
Listing Agent
Ryan Iles
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Paragon Real Estate Advisors
(206) 678-0649