Listed by Paragon Real Estate Advisors
$2,800,000

Estimated payment $17,949/month

Total Views 691
14 Beds
12 Baths
8,580 Sq Ft
$326 Price per Sq Ft

Highlights

  • No HOA
  • 2-minute walk to Westlake & Thomas
  • 4-minute walk to Denny Park
  • Garfield High School Rated A
  • Wood Siding

About This Home

The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).

Listing Agent

Will Douglas

Paragon Real Estate Advisors License #23011013 Listed on: 08/04/2026

Co-Listing Agent

Ryan Iles

Paragon Real Estate Advisors License #108410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2564376

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,000

Year Built

  • Built in 1911

Home Design

  • Flat Roof Shape
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 8,580 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 12 Bathrooms

Additional Features

  • 7,200 Sq Ft Lot
  • Wall Furnace

Community Details

  • No Home Owners Association
  • South Lake Union Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1988201580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,000

Year Built

Built in 1911

Lot Details

7,200 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1911
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 8580
  • Special Features: None

Interior Features

  • Total Bedrooms: 14
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat, Torch Down
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: See Remarks, Wall Furnace
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1988201580
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false
  • GrossRentMultiplier: 13.2
  • LeasedItems: None
  • TotalMonthlyIncome: 17696

Tax Info

  • Year: 2025
  • Tax Annual Amount: 30000

Multi Family

  • Number Of Units Total: 12
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2564376

Northwest Multiple Listing Service (NWMLS)
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