206 12th Avenue E, Seattle, WA 98102
- $1,200,000
- 2,765
- SqFt
Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 2585317
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,765
- Area Total SqFt
- 2765
- Annual Tax Ammount
- 17166
- Lot Size (sq ft)
- 3,200
- Sewer
- Sewer Connected
Property Description
This 6-unit + Office apartment building offers a prime investment opportunity in the heart of Capitol Hill with immediate value-add potential. Just a short walk from the Capitol Hill Light Rail Station, it provides residents easy access to downtown, the University District, and SeaTac Airport. The property includes a balanced unit mix: 2 studios sharing a bathroom and four 1-bd units, 3 of which feature updates like LVP flooring, bathroom improvements, and some new countertops. An office space could be incorporated into a unit to boost square footage and income as well as the ability to add W/D in basement/workroom.
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Additional Information
- List Date
- 2026-09-22 17:43:13
- Community
- Capitol Hill
- Net Operating Income
- $65,372
- Gross Adjusted Income
- $103,238
- Gross Scheduled Income
- $108,672
- Total Monthly Income
- $9,056
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 11.04
- Total Expenses
- $37,866
- Cap Rate
- 5.45
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 206
- Potential Terms
- Cash, Conventional
- Year Built
- 1901
- Roof
- Composition
- Other Expenses
- 10500
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $9,056
- Gross Scheduled Income
- $108,672
- Vacancy Rate
- 5
- Gross Adjusted Income
- $103,238
- Tax Year
- 2026
- Insurance Expense
- $3,000
- W/S/G Expenses
- $7,200
- Total Expenses
- $37,866
- Net Operating Income
- $65,372
- Gross Rent Multiplier
- 11.04
- Cap Rate
- 5.45
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.