2201 S Main Street, Seattle, WA 98144
- $2,499,900
- 9,300
- SqFt
Listing courtesy of Lumin Brokers of Washington.
- List Price
- $2,499,900
- Status
- ACTIVE
- MLS#
- 2567938
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Finished SqFt
- 9,300
- Area Total SqFt
- 9300
- Annual Tax Ammount
- 37271.64
- Lot Size (sq ft)
- 8,000
- Sewer
- Sewer Connected
Property Description
Well positioned between Downtown Seattle and Lake Washington, Hill Town Apartments boasts a “Walker’s Paradise” Walk Score of 94, placing residents steps from the Central District's restaurants, coffee shops, parks, and entertainment. The 12-unit community is evenly split between one- and two-bedroom homes, averaging 733 square feet, with every unit featuring a private deck and spacious layout. On-site parking totals 12 spaces, of which 6 are covered and 6 is off-street. The property has been well-maintained with updated electrical panels and dual-pane windows throughout. Select units feature upgraded flooring, bathrooms, and kitchens, reducing near-term capex exposure for a new owner. In-place rents average $2.24/SF, offering likely upside as unit renovations continue and turnover allows repositioning toward market rates. Offered at just over $208,000 per unit and $284 per square foot, Hill Town Apartments presents an opportunity to acquire a well-located, value-add asset in one of Seattle's most connected in-city neighborhoods.
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Additional Information
- List Date
- 2026-08-12 00:58:13
- Community
- Central Area
- Net Operating Income
- $181,313
- Gross Adjusted Income
- $262,670
- Gross Scheduled Income
- $276,495
- Total Monthly Income
- $22,815
- Insurance Expenses
- $8,171
- Water/Sewer/Garbage Expenses
- $19,477
- Gross Rent Multiplier
- 9.04
- Total Expenses
- $81,356
- Cap Rate
- 7.25
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 2201
- Potential Terms
- Cash, Conventional
- Year Built
- 1967
- View
- City, Territorial
- Roof
- Flat
- Site Features
- Cable TV, Deck, High Speed Internet
- Electric Expenses
- 1859
- Other Expenses
- 14578
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $22,815
- Gross Scheduled Income
- $276,495
- Vacancy Rate
- 5
- Gross Adjusted Income
- $262,670
- Tax Year
- 2026
- Insurance Expense
- $8,171
- W/S/G Expenses
- $19,477
- Total Expenses
- $81,356
- Net Operating Income
- $181,313
- Gross Rent Multiplier
- 9.04
- Cap Rate
- 7.25
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.