1716 Boylston Avenue, Seattle, WA 98112
- $5,000,000
- 19,470
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $5,000,000
- Status
- ACTIVE
- MLS#
- 2558190
- Days on Market
- 5
- Style
- 56 - 10+ Units
- Finished SqFt
- 19,470
- Lot Size (sq ft)
- 10,200
Property Description
Hollywood Court is a 25-unit multifamily investment located in Seattle's highly desirable Capitol Hill neighborhood. The property consists of two buildings: the original 19-unit Hollywood Court, constructed in 1907, and a newer 6-unit building completed in 1998, offering investors a unique blend of historic character and more modern construction. Hollywood Court presents a compelling value-add opportunity in one of Seattle's most established and supply-constrained rental markets. The property benefits from a diverse unit mix and strong in-place occupancy, with the opportunity to enhance revenue through interior renovations, operational improvements, and continued alignment to market rents. Ideally positioned in the heart of Capitol Hill, the property offers unmatched access to Seattle's top lifestyle amenities and employment centers. Residents are within walking distance of light rail, Seattle Central College, Cal Anderson Park, and a vibrant mix of restaurants, cafes, and nightlife, while also maintaining close proximity to major employers in South Lake Union and Downtown Seattle, With its scale, location, and repositioning potential, Hollywood Court represents a rare opportunity to acquire a legacy asset with both near-term upside and long-term appreciation in one of Seattle's most dynamic rental submarkets.
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Additional Information
- List Date
- 2026-07-21 22:17:14
- Community
- Capitol Hill
- Potential Terms
- Cash, Conventional
- Year Built
- 1907
- Roof
- Flat
- Site Features
- Fenced-Partially, Gas Available, Rooftop Deck
- School District
- Seattle
- Elementary School
- Lowell
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $42,591
- Gross Scheduled Income
- $539,533
- Vacancy Rate
- 6
- Gross Adjusted Income
- $511,093
- Tax Year
- 2026
- Insurance Expense
- $25,000
- W/S/G Expenses
- $67,190
- Total Expenses
- $226,406
- Net Operating Income
- $284,688
- Gross Rent Multiplier
- 9.3
- Cap Rate
- 5.7
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.