MLS#2211088: 314 E Mercer Street, Seattle, WA 98102
314 E Mercer Street Seattle, WA 98102
Listing Courtesy of: Northwest MLS / Windermere Nw / Jed Kliman

  314 E Mercer Street Seattle, WA 98102

Active (31 Days)
$1,345,000

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 5.4 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.

MLS #:
2211088
Taxes
$13,182(2024)
Lot Size
2,400 SQFT
Type
Multifamily
Year Built
1909
Style
5-9 Units
Views
City, Partial, Territorial, Mountain(s)
School District
Seattle
County
King County
Community
Capitol Hill

Listed By

Jed Kliman, Windermere Nw
Source
Northwest MLS as distributed by MLS Grid
Last checked May 24 2024 at 3:40 AM GMT+0000
Bathroom Details
Interior Features
  • Hardwood
  • Concrete
  • Fir/Softwood
  • Wall to Wall Carpet
Subdivision
  • Capitol Hill
Lot Information
  • Alley
  • Corner Lot
  • Curbs
  • Sidewalk
  • Paved
Property Features
  • Deck
  • Fenced-Partially
  • Gas Available
  • Cable Tv
  • High Speed Internet
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Stove/Free Standing
Flooring
  • Concrete
  • Hardwood
  • Carpet
  • Softwood
  • Vinyl Plank
Exterior Features
  • Wood
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Natural Gas
School Information
  • Elementary School: Lowell
  • Middle School: Meany Mid
  • High School: Garfield High
Additional Listing Info
  • Buyer Brokerage Commission: 3.0
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 22, 2024
Price Changed
$1,345,000
-4%
-50,000
Mar 20, 2024
Original Price
$1,395,000
-
-

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 2024 5/23/24 20:40. 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.