206 12th Avenue E Seattle WA 98102 MLS #NWM2374362

Listing Provided Courtesy of Paragon Real Estate Advisors
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.

Property Details

Price:
$1,500,000
MLS #:
NWM2374362
Status:
Active
Beds:
0
Baths:
0
Address:
206 12th Avenue E
Type:
Multi Family
Subdivision:
Capitol Hill
Neighborhood:
390 – Central Seattle
City:
Seattle
Listed Date:
May 12, 2025
State:
WA
Finished Sq Ft:
2,765
Total Sq Ft:
2,765
ZIP:
98102
Lot Size:
3,200 sqft / 0.07 acres (approx)
Year Built:
1901
Units:
7

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Hot Water Recirc Pump

Exterior

Construction Materials
Wood
Exterior Features
Wood
Roof
Composition

Financial

Net Operating Income
$62,489
Tax Year
2025
Taxes
$15,919

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206 12th Avenue E
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