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Listed by:Kidder Mathews • Dan Swanson

$2,930,000

Est. payment - /mo

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15 Beds

11 Baths

9,986 SqFt

Active

525 E Roy ST Seattle, WA 98102

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,986 sqft

Price per Sqft $293

Subdivision Capitol Hill

MLS Listing ID 2524172

Style 56 - 10+ Units

Bedrooms 15

Year Built 1957

Annual Tax Amount $29,552

Lot Size 5,520 Sqft

Property Sub-Type Multi Family

Property Description

Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 6.0% cap rate and 10.1 GRM. Walker's Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 6.5% cap rate and 9.5 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Fenced-Partially, Gated Entry

View Y/N Yes

View City, Lake, Partial

Roof Type Flat

Building

Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Lowell

Middle Schools Meany Mid

High Schools Garfield High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

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Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Religious Organizations

Financial Services

Professional Services

Travel

Education

Pets

Monsoon Restaurant

615 19th Ave E, Seattle, WA 98112

Asian Fusion Phone: 206-325-2111
Ernest Loves Agnes

600-602 19th Ave E, Seattle, WA 98112

Pizza Phone: 206-535-8723
A Square Meal

1501 17th Ave E, Seattle, WA 98112

American (New) Phone: 206-328-3155
Volunteer Park Cafe & Marketplace

1501 17th Ave E, Seattle, WA 98112

Breakfast & Brunch Phone: 206-328-3155
Tallulah’s

550 19th Ave E, Seattle, WA 98112

American (New) Phone: 206-860-0077
Vios Café

903 19th Ave E, Seattle, WA 98112

American (Traditional) Phone: 206-329-3236

Educational Environment

Elementary Schools (2)Middle Schools (1)High Schools (1)

Name

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