800 Harrison Street, Seattle, WA 98109
- $2,800,000
- 8,580
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 2564376
- Days on Market
- 269
- Style
- 56 - 10+ Units
- Finished SqFt
- 8,580
- Area Total SqFt
- 8580
- Annual Tax Ammount
- 30000
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
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).
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Additional Information
- List Date
- 2025-11-07 18:13:12
- Community
- South Lake Union
- Net Operating Income
- $121,311
- Gross Adjusted Income
- $208,104
- Gross Scheduled Income
- $212,351
- Total Monthly Income
- $17,696
- Insurance Expenses
- $14,854
- Water/Sewer/Garbage Expenses
- $13,341
- Gross Rent Multiplier
- 13.2
- Total Expenses
- $86,793
- Cap Rate
- 4.33
- Vacancy Rate
- 2
- Total Number of Units
- 12
- Unit Name
- 800
- Potential Terms
- Cash, Conventional
- Year Built
- 1911
- Roof
- Flat, Torch Down
- Other Expenses
- 28598
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $17,696
- Gross Scheduled Income
- $212,351
- Vacancy Rate
- 2
- Gross Adjusted Income
- $208,104
- Tax Year
- 2025
- Insurance Expense
- $14,854
- W/S/G Expenses
- $13,341
- Total Expenses
- $86,793
- Net Operating Income
- $121,311
- Gross Rent Multiplier
- 13.2
- Cap Rate
- 4.33
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.