409 10th Avenue E, Seattle, WA 98102
- $4,650,000
- 11,105
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $4,650,000
- List Price
- $4,790,000
- Status
- SOLD
- MLS#
- 2458198
- Closing Date
- Mar 06, 2026
- Days on Market
- 11
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 11,105
- Area Total SqFt
- 11105
- Annual Tax Ammount
- 44989
- Lot Size (sq ft)
- 5,958
- Sewer
- Sewer Connected
Property Description
Classic 22-unit Capitol Hill trophy asset built in 1928 just off the vibrant Broadway retail corridor in a quiet residential setting with excellent access to bars, restaurants, shops, and amenities. Brimming with old-world charm, the building features stained glass, vintage tile, coved ceilings, and arched doorways that attract residents who value character. Strong in-place cash flow with upside by bringing classic units to market rent or completing full renovations to achieve top-of-market rents. Just two blocks to Capitol Hill Light Rail and offering gated parking for added convenience.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-02-23 00:00:00
- Community
- Capitol Hill
- Net Operating Income
- $296,188
- Gross Adjusted Income
- $451,690
- Gross Scheduled Income
- $389,113
- Total Monthly Income
- $34,894
- Insurance Expenses
- $6,353
- Water/Sewer/Garbage Expenses
- $13,601
- Gross Rent Multiplier
- 16
- Total Expenses
- $155,502
- Cap Rate
- 6.2
- Total Number of Units
- 3
- Unit Name
- 409
- Potential Terms
- Cash, Conventional
- Year Built
- 1928
- View
- City
- Roof
- Torch Down
- Electric Expenses
- 13601
- Other Expenses
- 63356
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $34,894
- Gross Scheduled Income
- $389,113
- Gross Adjusted Income
- $451,690
- Tax Year
- 2025
- Insurance Expense
- $6,353
- W/S/G Expenses
- $13,601
- Total Expenses
- $155,502
- Net Operating Income
- $296,188
- Gross Rent Multiplier
- 16
- Cap Rate
- 6.2
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.