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About the Listing 128 - 38720
Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 5.4% cap rate and 11.5 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 5.8% cap rate and 10.8 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
2524172
Year Built
1957
Total Square Footage
7,525
Lot/Acreage
0.13
County
King
Neighborhood
Capitol Hill
School District
Seattle
Elementary School
Lowell
Middle School
Meany Middle
High School
Garfield High
Interior Details
- Bedrooms: 15
- Bathrooms: 11 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Alley,Corner Lot,Curbs,Paved,Sidewalk,Fenced-Partially,Gated Entry,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: Multi-Family
- Roof: Flat
- Others: Metal/Vinyl
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $29,552
- Taxes w/Assessments: N/A
- Tax/Property ID: 6848200380
- Tax Year: 2026
Payment Calculator
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Questions About..
525 E Roy St Seattle, WA 98102
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