$1,995,000
A rare five-unit income opportunity in prime Capitol Hill: this fourplex now includes a newly completed lower-level ADU (finished May 2026), currently leased month-to-month. Breathtaking Lake Union and Gas Works Park views from four units, with downtown and Space Needle views from the property. Recent updates include a brand-new torch-down roof with all-new flashing, stucco and trim repairs, fresh exterior paint, professionally repaired and reinforced foundation cracks, galvanized pipes replaced with PEX, a newer sewer main, new water heaters (2021-2022), remodeled bathrooms in Apts 1 and 3, a new back deck, Trex front stairs, retaining wall and keycode entry. Private on-site laundry for 3 units, with new washer/dryers in two top units. Tenant-occupied with long-term and short-term tenancies, offering great owner-occupant potential. Convenient access to I-5, downtown, South Lake Union and the Eastside. Excellent 1031 investment opportunity. The property may qualify for residential financing as a 1-4 unit property with an ADU; buyer to verify. Contact the listing agent to schedule a tour.
2589625
MLS
⋅
ACTIVE
Status
1124 Lakeview Boulevard E Unit #1-4, Seattle
Listing Broker: Venture Real Estate Group LLC; Jamie Langsford; 206-934-0237; jlangsford@vreg.co
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