525 E Roy Street, Seattle, WA 98102

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Listing Firm: Kidder Mathews (360-705-2800). Listings with the three tree icon are courtesy of NWMLS.

525 E Roy Street

Seattle, WA 98102

LISTING #2524172

REQUEST DETAILS SCHEDULE A SHOWING

$3,195,000

STATUS Active

YEAR BUILT 1957

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 5.4% cap rate and 11.5 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 5.8% cap rate and 10.8 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.

PROPERTY DETAILS

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Location Information

County King

Community Seattle

Latitude 47.624998

Longitude -122.324408

Directions The property is located at the Southwest corner of E Roy Street and Belmont Ave E.

Subdivision Name Capitol Hill

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard

Cooling None

Exterior Features

Style 10+ Units

Is New Construction Yes

Exterior Metal/Vinyl

Roof Flat

Water Source Public

Septic or Sewer Sewer Connected

Covered Spaces 0

Power Production Type Electric

Security Features Partially Fenced, Security Gate

Parking Spaces 6

Site Features Fenced-Partially, Gated Entry

Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk

Lot Size in Acres 0.1267

Lot Size in Sq. Ft. 5,520

Building Total Area 9986 Square Feet

Has Waterfront No

Has View Yes

View Description City, Lake, Partial

School

High School District Seattle

High School Garfield High

Elementary School Lowell

Jr. High School Meany Mid

Additional Information

Possession Closing

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1957

Status Active

Tax Year 2026

Tax Amount $29,552

Lot Acres Source County Records

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