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314 E Mercer Street

Seattle, WA 98102
  • $1,395,000
  • STATUS: Pending
  • ID#: 2211088
Under Contract
$1,395,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,595
    SQFT
  • $304
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1909
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Windermere RE Greenwood.
Mortgage Calculator is provided by BoomTown.

Description

This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.2 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pilchard Properties | Realty One Group Orca are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-04T00:14:42.26. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-04T00:14:42.26. 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.
www.pilchardproperties.com/homes/148733332
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314 E Mercer Street Seattle, WA 98102

  • Price: $1,395,000
  • Status: Pending
  • On Site: Days
  • ID#: 2211088
0
Beds
0
Baths
0
½ Baths
0.06
Acres
4,595
SQFT
$304
$/SQFT
1909
Built
Neighborhood:
Capitol Hill
County:
King
Area:
Central Seattle/Genesee/Columbia Cty
Elementary School:
Lowell
Middle School:
Meany Mid
High School:
Garfield High
School District:
Seattle
Property Description
This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.2 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features AlleyCorner LotCurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 0 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View CityMountain(s)PartialTerritorial View YN Yes Waterfront YN No

Interior Features

Building Area Total 4595 Cooling None Cooling YN No Fireplace YN No Flooring ConcreteSoftwoodHardwoodVinyl PlankCarpet Heating Stove/Free Standing Heating YN Yes Interior Features ConcreteFir/SoftwoodHardwoodWall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities BasementCoin Op LaundryStorage Association Fee 0 Association YN No Energy Source Natural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 73008 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Natural Gas Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Site Features Cable TVDeckFenced-PartiallyGas AvailableHigh Speed Internet Special Listing Conditions None Tax Annual Amount 13182 Tax Year 2024 Units In Building Total 5 Water Source Public Year Built Effective 1980 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pilchard Properties | Realty One Group Orca are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-04T00:14:42.26. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-04T00:14:42.26. 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.
 
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Pilchard Properties | Realty One Group Orca
9317 State Ave, Suite A
Marysville WA, 98270
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Windermere RE Greenwood.
Mortgage Calculator is provided by BoomTown.