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314 E Mercer St

Seattle, WA 98102 View Map $1,395,000 Schedule a Tour
Sq.Ft.4,595
Year1909
Conor MacEvilly

Conor MacEvilly

(206) 349-8477

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Listing Office

Office:Windermere Re Greenwood

5-9 units for sale at 314 E Mercer St Seattle, WA 390 - Central Seattle 98102, MLS#2211088


Status: Active
Property Type:5-9 Units
MLS® #:2211088
Sq. Feet:4,595
Lot Size:0.06 Acres
County:King
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 5.2 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.

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Detailed Maps

Community Information

Address:314 E Mercer St, Seattle, WA 98102
Area:390 - Central Seattle
County:King
City:Seattle
Subdivision:Capitol Hill
Zip Code:98102

School Information

School District:Seattle
High School:Garfield High
Middle School:Meany Mid
Elementary School:Lowell

Architecture

Year Built:1909
Stories:3
Possible Use: Multi-Family
Year Built Effective: 1980
Building Style: 5-9 Units
Building Condition: Good
Roof: Composition
Foundation: Poured Concrete

Features / Amenities

Interior Features: Concrete, Fir/Softwood, Hardwood, Wall to Wall Carpet
Flooring: Concrete, Softwood, Hardwood, Vinyl Plank, Carpet
Exterior Features: Wood
Security Features: FullyFenced
Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Heating: Stove/Free Standing

Property Features

Lot Size: 0.06 Acres
Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
View: City, Mountain(s), Partial, Territorial
Sq.Ft. Size: 4595
Lot Sq.Ft. Size: 2400
Sewer: Sewer Connected
Water: Public
Directions:From Broadway, go west on E Mercer St to property. Great Capitol Hill location.

Tax and Financial Info

Tax Year: 2024
Tax Annual Amount: $13,182
Fuel Expense: $500
Electric Expense: $500
Insurance Expense: $3,500
Net Income: $73,008
Listing Terms: Cash Out, Conventional
Total Monthly Income: $9,450
Net Operating Income: $73,008
Total Expenses: $36,990
Offers: Seller,will,review,offers
Possession: Closing

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314 E Mercer St Seattle,  WA 98102
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314 E Mercer St Seattle, WA 98102
 
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All listings featuring the icon Board of Realty Logo are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2024. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by Keller Williams Realty Greater Seattle and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Listing information last updated on May 17, 2024 at 9:30 PM PST.
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