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(253) 209-4200
Real Estate Company
1124 Lakeview Boulevard E Unit #1-4, Seattle, WA 98102
- $1,995,000
- 3,042
- SqFt
Listing Broker: Venture Real Estate Group LLC; Jamie Langsford; 206-934-0237; jlangsford@vreg.co
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- 2589625
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,042
- Area Total SqFt
- 3042
- Annual Tax Ammount
- 12929
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 3,744
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- Community
- Capitol Hill
- Net Operating Income
- $115,442
- Gross Adjusted Income
- $141,492
- Gross Scheduled Income
- $152,141
- Total Monthly Income
- $12,630
- Insurance Expenses
- $2,944
- Water/Sewer/Garbage Expenses
- $4,489
- Gross Rent Multiplier
- 13.11
- Total Expenses
- $56,105
- Cap Rate
- 5.79
- Vacancy Rate
- 7
- Total Number of Units
- 5
- Unit Name
- 1124
- Potential Terms
- Cash, Conventional
- Year Built
- 1912
- View
- City, Lake, Mountains, Territorial
- Roof
- Torch Down
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
- Electric Expenses
- 932
- Other Expenses
- 34809
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Lowell
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $12,630
- Gross Scheduled Income
- $152,141
- Vacancy Rate
- 7
- Gross Adjusted Income
- $141,492
- Tax Year
- 2025
- Insurance Expense
- $2,944
- W/S/G Expenses
- $4,489
- Total Expenses
- $56,105
- Net Operating Income
- $115,442
- Gross Rent Multiplier
- 13.11
- Cap Rate
- 5.79
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.