Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.
Sold
Listed by:
Dan S. Swanson,
Kidder Mathews
Bought with: ZNonMember-Office-MLS
$8,527,000
1310 E Thomas Street, Seattle, WA 98102
--beds
--baths
19,210sqft
Multi Family
Built in 1967
-- sqft lot
$6,684,300 Zestimate®
$444/sqft
$2,451 Estimated rent
Home value
$6,684,300
$5.35M - $8.42M
$2,451/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:46am
Listed by:
Dan S. Swanson,
Kidder Mathews
Bought with:
Non Member ZDefault
ZNonMember-Office-MLS
Source: NWMLS,MLS#: 2055635
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 19,210
- Total interior livable area: 19,210 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 10
Features
- Has view: Yes
- View description: City, Partial
Lot
- Size: 0.31 Acres
- Features: Corner Lot, Curbs, Paved, Sidewalk, Deck, Fenced-Partially
Details
- Parcel number: 6003501931
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Flat
Condition
- Year built: 1967
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Capitol Hill
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 701 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2023 | Sold | $8,527,000-12%$444/sqft |
Source:  NWMLS #2055635 | ||
| 6/29/2023 | Pending sale | $9,695,000$505/sqft |
Source: NWMLS #NWM2055635 | ||
| 5/25/2023 | Price change | $9,695,000-3%$505/sqft |
Source: NWMLS #NWM2055635 | ||
| 4/13/2023 | Listed for sale | $9,995,000+55%$520/sqft |
Source: NWMLS #NWM2055635 | ||
| 1/31/2022 | Sold | $6,450,000-7.9%$336/sqft |
Source: NWMLS #1830792 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Capitol Hill
Nearby schools
GreatSchools rating
- 4/10Lowell Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Edmonds S. Meany Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Garfield High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Lowell
- Middle: Meany Mid
- High: Garfield High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$6,684,300
2% more+ $134K
With Zillow Showcase(estimated)
$6,817,986