314 E Mercer Street, Seattle WA, 98102
(Active)
$1,395,000
|
4,595 sqft
|
MLS# 2211088
Last Updated: 5/19/2024 3:12 AM
Description for
314 E Mercer Street
Seattle, WA 98102
This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.2 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.
Price
$1,395,000
Capitol Hill
King
4,595 (approx)
2211088
Active
Description
This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.2 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.
Listing Information
| Property Type: Multi-Family, 3+ Story | ||
| 0.06 Acres | 4,595 (approx) | 1909 |
| 3 | Wood | Multi-Family |
Capitol Hill
Public
Cable Available, Sewer Connected
Neighborhood
School Information
| District: Seattle | ||
| Lowell | Meany Mid | Garfield High |
Room Information
Interior Features
Hardwood, Concrete, Carpet, Wood, Softwood
None
Gas Heat
Concrete,Fir/Softwood,Hardwood,Wall to Wall Carpet
Exterior / Lot Features
Wood
Deck
Composition
City, Mountain, Other
Alley,Corner Lot,Curbs,Paved,Sidewalk
Driving Directions
From Broadway, go west on E Mercer St to property. Great Capitol Hill location.
Financial Considerations
| 6848200025 |
| $13,182 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98102 has a population of 758,862.
The median household income in Seattle, Washington 98102 is $97,647. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98102 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/1/2024 | Active | $1,395,000 USD |
|
| 3/29/2024 | Pending | $1,395,000 USD |
|
| 3/20/2024 | Active | $1,395,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $11,942 USD | - | $1,413,000 USD | - |
| 2022 | $11,942 USD | 0.15% | $1,413,000 USD | 3.29% |
| 2020 | $11,924 USD | 26.11% | $1,368,000 USD | 24.59% |
| 2019 | $9,455 USD | -3.82% | $1,098,000 USD | - |
| 2018 | $9,831 USD | 15.01% | $1,098,000 USD | 10.57% |