426 11th Avenue E, Seattle, WA 98102
- $1,695,000
Listing courtesy of Lee & Associates Commercial RE.
- List Price
- $1,695,000
- Status
- ACTIVE
- MLS#
- 2583141
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Lot Size (sq ft)
- 5,986
Property Description
We are pleased to present Capitol Hill 7, a well-located 7-unit property positioned in Seattle’s Capitol Hill/Eastlake neighborhood. Built in 1964, the 5,800 SF asset offers an attractive scale for investors seeking a well-located investment opportunity with durable rental demand. The property features LVP flooring throughout, ten on-site parking spaces, common-area laundry, and separate storage lockers for each residence. The roof was installed in 2016, helping reduce near-term capital expenditure requirements. Unit 5 includes an added rear deck with a glass sliding door, providing an enhanced outdoor living amenity. Located near the intersection of Capitol Hill and Eastlake, residents benefit from convenient access to Seattle’s premier dining, nightlife, retail, parks, cultural amenities, and employment centers. The property is a 10-minute walk from the light rail Capitol Hill Station. With its strong in-city location, parking availability, dedicated storage, and value-add potential through future unit upgrades, Capitol Hill 7 presents an appealing opportunity for investors seeking exposure to one of Seattle’s most established rental submarkets.
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Additional Information
- List Date
- 2026-09-15 22:29:16
- Community
- Capitol Hill
- Potential Terms
- Cash, Conventional
- Year Built
- 1964
- Roof
- Flat
- Site Features
- Deck, Patio
- School District
- Seattle
- Total Monthly Income
- $13,016
- Gross Scheduled Income
- $161,100
- Vacancy Rate
- 5
- Gross Adjusted Income
- $153,045
- Tax Year
- 2026
- Insurance Expense
- $5,103
- W/S/G Expenses
- $15,977
- Total Expenses
- $60,493
- Net Operating Income
- $95,702
- Gross Rent Multiplier
- 10.5
- Cap Rate
- 5.65
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.