Huge price drop! This classic 5-unit apartment building in prime Capitol Hill location offers the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Nice mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.8 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill + downtown.
Sold
Listed by:
Jed A Kliman,
Windermere RE Greenwood
Bought with: COMPASS
$1,150,000
314 E Mercer Street, Seattle, WA 98102
--beds
--baths
4,595sqft
Multi Family
Built in 1909
-- sqft lot
$1,259,600 Zestimate®
$250/sqft
$1,904 Estimated rent
Home value
$1,259,600
$1.12M - $1.42M
$1,904/mo
Zestimate® history
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$6,771/mo
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Zillow last checked: 7 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Jed A Kliman,
Windermere RE Greenwood
Bought with:
Colin Foote, 114283
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2211088
Facts & features
Interior
Heating
- Stove/Free Standing, Natural Gas
Cooling
- None
Features
- Flooring: Concrete, Softwood, Hardwood, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,595
- Total interior livable area: 4,595 sqft
Property
Features
- Patio & porch: Concrete, Fir/Softwood, Hardwood, Wall to Wall Carpet
- Has view: Yes
- View description: City, Partial, Territorial
Lot
- Size: 2,400 sqft
- Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Details
- Parcel number: 6848200025
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1909
- Major remodel year: 1980
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Capitol Hill
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 686 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2024 | Sold | $1,150,000-8%$250/sqft |
Source:  NWMLS as distributed by MLS GRID #2211088 Report a problem | ||
| 7/15/2024 | Pending sale | $1,250,000$272/sqft |
Source: NWMLS as distributed by MLS GRID #2211088 Report a problem | ||
| 6/21/2024 | Price change | $1,250,000-7.1%$272/sqft |
Source: NWMLS as distributed by MLS GRID #2211088 Report a problem | ||
| 5/22/2024 | Price change | $1,345,000-3.6%$293/sqft |
Source: NWMLS as distributed by MLS GRID #2211088 Report a problem | ||
| 5/2/2024 | Listed for sale | $1,395,000$304/sqft |
Source: NWMLS as distributed by MLS GRID #2211088 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Capitol Hill
Nearby schools
GreatSchools rating
- 4/10Lowell Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10Edmonds S. Meany Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Garfield High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Lowell
- Middle: Meany Mid
- High: Garfield High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,259,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,259,600
- Washington
- King County
- Seattle
- 98102
- Capitol Hill
- 314 E Mercer Street