314 E MERCER ST
SEATTLE, WA 98102

$1,345,000

0 Beds

0 Baths

4,595 Sq Ft

Status Active

MLS# 2211088

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 5.4 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.

Details for 314 E MERCER ST

$293 / Sq Ft

0 parking spaces

Stove/Free Standing

No Info

0.0551 acres lot

Interior

Flooring

Concrete, Softwood, Hardwood, Vinyl Plank, Carpet

Interior Features

Concrete, Fir/Softwood, Hardwood, Wall To Wall Carpet

Living Area

4,595 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

["FullyFenced"]

Year Built

1909

Exterior And Lot

Exterior Features

Wood

Lot Features

Alley, Corner Lot, Curbs, Paved, Sidewalk

Lot Size Acres

0.0551

Lot Size Square Feet

2400

Lot Size Units

Square Feet

Utilities

Cooling

["None"]

Heating

Stove/Free Standing

Area And Schools

City

Seattle

County Or Parish

King

Elementary School

Lowell

High School

Garfield High

Middle Or Junior School

Meany Mid

School District

Seattle

Subdivision Name

Capitol Hill

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$13,182

Tax Year

2024