206 12th Avenue E Seattle, WA 98102

Active (3 Days)

$1,500,000

2,765

SQFT

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- 2765sqft,bd,%sbth,MLS#2374362

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Description

SELLER FINANCING AVAILABLE - This 6-unit apartment building offers a prime investment opportunity in the heart of Capitol Hill with immediate value-add potential. Just a short walk from the Capitol Hill Light Rail Station, it provides residents easy access to downtown, the University District, and SeaTac Airport. The property includes a balanced unit mix: 2 studios sharing a bathroom and four 1-bd units, 3 of which feature updates like LVP flooring, bathroom improvements, and some new countertops. These upgraded units are currently vacant, ready for lease-up at market rents. An office space could be incorporated into a unit to boost square footage and income as well as the ability to add W/D in basement/workroom.

MLS #:
2374362

Taxes
$15,919(2025)

Lot Size
3,200 SQFT

Type
Multifamily

Year Built
1901

Style
5-9 Units

School District
Seattle

County
King County

Community
Capitol Hill

Listed By

Will Douglas, Paragon Real Estate Advisors

Source
Northwest MLS as distributed by MLS Grid
Last checked May 15 2025 at 6:22 PM GMT+0000

Bathroom Details

Subdivision

Capitol Hill

Property Features

Fireplace: 0

Heating and Cooling

Hot Water Recirc Pump

Exterior Features

Wood
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Electric

Additional Listing Info

Buyer Brokerage Compensation: 2

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Location

Map View | Street View

Listing to Address

Address to Listing

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 5/15/25 11:22. 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.