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Listed by Paragon Real Estate Advisors
$ 3,500,000
Est. payment | /mo
14 Beds
12 Baths
8,580 SqFt
$ 3,500,000
Est. payment | /mo
14 Beds
12 Baths
8,580 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,580 sqft
Price per Sqft $407
Subdivision South Lake Union
MLS Listing ID 2428136
Style 56 - 10+ Units
Bedrooms 14
Year Built 1911
Annual Tax Amount $34,000
Lot Size 7,200 Sqft
Property Sub-Type Multi Family
Property Description
The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Flat,Torch Down
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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Brian Side
Managing Broker - Founder, REALTOR® | Lic# 122845