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Listed by Paragon Real Estate Advisors
$3,200,000
Est. payment /mo
18 Baths
8,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,700 sqft
Price per Sqft $367
Subdivision Capitol Hill
MLS Listing ID 2441868
Style 56 - 10+ Units
Year Built 1928
Annual Tax Amount $36,914
Lot Size 4,800 Sqft
Property Sub-Type Multi Family
Property Description
18-unit multifamily property located in the heart of Capitol Hill. Significant recent upgrades—including new electrical service mains and subpanels (2013) and high-efficiency tankless water heaters (2022). Offered at just $177,778/unit and $368/SF, The Strand represents a compelling basis play in the heart of Capitol Hill. The property delivers a current 5.9% cap rate, giving investors durable in-place income along with the upside potential of interior enhancements and rent growth in one of Seattle's most sought-after rental markets. The Strand offers a rare opportunity to secure a character-rich asset at an attractive cost basis and benefit from continued appreciation in one of Seattle's most resilient, high-demand submarkets.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Hardwood, Laminate
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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