213 1st Avenue S, Seattle, WA 98104
- $4,900,000
Listing courtesy of COMPASS.
- List Price
- $4,900,000
- Status
- ACTIVE
- MLS#
- 2334620
- Price Change
- ▼ $300,000 1773881139
- Days on Market
- 521
- Annual Tax Ammount
- 35662
Property Description
Invest in a piece of Seattle’s storied past with this turnkey mixed-use property in Pioneer Square. Built in 1900, this well maintained 4 story building blends historic character with modernity, for dependable returns and future growth. Residential units offer 13 tastefully designed units, including 4 upscale penthouses with rooftop decks, 4 spacious lofts, 4 micro lofts, and 1 large studio. Units feature open layouts, contemporary finishes, and rich hardwood flooring, with on-site laundry and an elevator. On the ground level, two retail spaces are fully leased, ensuring steady cash flow. Set on bustling 1st St with street parking and a Walk Score of 96, this asset stands as a dynamic investment opportunity in the heart of Pioneer Square.
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Additional Information
- Community
- Pioneer Square
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1900
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Hardwood, Carpet
- Driving Directions
- On the West side of 1st Street between S Washington St and S Main St.
- Electric Expenses
- 12962
- Other Expenses
- 31506
- Net Operating Income
- $324,264
- Gross Adjusted Income
- $460,966
- Gross Scheduled Income
- $480,640
- Water/Sewer/Garbage Expenses
- $12,962
- Cap Rate
- 6.62
- Vacancy Rate
- 5
- Total Expenses
- $136,703
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.