426 11th Ave E
- Prime Capitol Hill / Eastlake Location – Just blocks from Volunteer Park, one of the jewels of the Seattle Parks system including the Seattle Asian Art Museum, historic amphitheater, and expansive open green spaces to relax, gather, and enjoy.
- Building Features – Property includes a deck directly accessible from Unit 5 along with a yard amenity accessible for all tenants.
- Ample Parking – 10 total parking spaces resulting in a parking ratio of 1.4 spaces per unit.
- Transit-Oriented Location – Only an eight-minute walk or 0.3 miles from the light rail station providing exceptional access to Downtown Seattle, Bellevue, and the region.
Property Description
The Lee & Associates NW Multifamily Team is pleased to present Capitol Hill 7, a well-located 7-unit property positioned in Seattle’s Capitol Hill/Eastlake neighborhood. Built in 1964, the 5,800 SF asset offers an attractive scale for investors seeking a well-located investment opportunity with durable rental demand. The property features LVP flooring throughout, ten on-site parking spaces, common-area laundry, and separate storage lockers for each residence. The roof was installed in 2016, helping reduce near-term capital expenditure requirements. Unit 5 includes an added rear deck with a glass sliding door, providing an enhanced outdoor living amenity. Located near the intersection of Capitol Hill and Eastlake, residents benefit from convenient access to Seattle’s premier dining, nightlife, retail, parks, cultural amenities, and employment centers. The property is a 10-minute walk from the light rail Capitol Hill Station. With its strong in-city location, parking availability, dedicated storage, and value-add potential through future unit upgrades, Capitol Hill 7 presents an appealing opportunity for investors seeking exposure to one of Seattle’s most established rental submarkets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,695,000 |
| No. of Units: | 7 |
| Year Built: | 1964 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $242,143 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2823 W Sharp Ave
Spokane, Washington
1808 W Augusta Ave
Spokane, WashingtonBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout