525 E Roy Street, Seattle, WA 98102
- $3,195,000
- 9,986
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $3,195,000
- Status
- ACTIVE
- MLS#
- 2524172
- Days on Market
- 73
- Style
- 56 - 10+ Units
- Finished SqFt
- 9,986
- Lot Size (sq ft)
- 5,520
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 5.4% cap rate and 11.5 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 5.8% cap rate and 10.8 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.
/u.realgeeks.media/jetyourestate/Untitled-1.png)
Additional Information
- List Date
- 2026-05-14 21:00:18
- Community
- Capitol Hill
- Potential Terms
- Cash, Conventional
- Year Built
- 1957
- View
- City, Lake, Partial
- Roof
- Flat
- Site Features
- Fenced-Partially, Gated Entry
- School District
- Seattle
- Elementary School
- Lowell
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $23,141
- Gross Scheduled Income
- $277,691
- Vacancy Rate
- 5
- Gross Adjusted Income
- $263,807
- Tax Year
- 2026
- Insurance Expense
- $7,313
- W/S/G Expenses
- $13,405
- Total Expenses
- $92,435
- Net Operating Income
- $171,372
- Gross Rent Multiplier
- 11.5
- Cap Rate
- 5.4
Mortgage Calculator
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.