1310 E Thomas St
Seattle WA 98102

1310 East Thomas Street

1310 E Thomas St Seattle WA 98102

Listing #: 660938 | Status: Available | Last Modified: 6/21/2023 |

For Sale
Dan Swanson
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
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Price Information
  • Listing Price$ 9,695,000.0
  • $/SF$ 515.4
  • $/Unit$ 484,750.0
  • Listing StatusAvailable
  • Days on Market591
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units20
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors4
  • # of Units20
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF19210
  • Net Rentable Area18810
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF13537
  • Acres0.31
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building ClassB
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaCapitol Hill/First Hill
  • Tax ID #6003501931
  • Additional Parcels
  • ZoningLR3 (M)
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces14
  • Total Parking Spots14
  • Parking Ratio
Construction
  • Year Built1967
  • Year Renovated2023
  • Completion Date
  • Roof Type
  • Construction TypeWood

Fully renovated 20-unit in Capitol Hill

Public Comments

Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. Its walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property’s 20-unit size should generate nearly $60,000 in monthly rent and supports competent professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM. 1310 E Thomas offers pricing more than 10% below new construction whi

Listing Images