1111 Seattle St, Unit 12 Seattle, WA 98122
9-unit apartment building on LR3-zoned lot, ideal for redevelopment.
Lot size:
0.17 AcresProperty Features for 1111 Seattle St
General Information
- Lot size
- 0.17 Acres
Source:
Corcoran
Listing Agent: Edward Krigsman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Capitol Hill Multifamily Redevelopment Opportunity
This property presents an investment opportunity in Capitol Hill, featuring a 7,200 square foot lot zoned LR3 with alley access and flat topography. The site is suitable for townhomes or multifamily redevelopment. Currently, the property includes the fully leased 9-unit Laurel Gate Apartments, a 5,200 square foot Colonial Revival building that has been reconfigured into 8 apartments plus a landlord's unit. Upgrades to the building include a seismic retrofit, new plumbing and wiring, gas heat, and Thermopane windows. The property also features 7 parking stalls, shared laundry facilities, and secure mail. The location has a walk score of 94 and is one mile from light rail. The property is currently generating income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.385469
- Latitude
- 47.589099
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FAQs
What type of property is this?
Apartment building - 9-unit apartment building on LR3-zoned lot, ideal for redevelopment.
Where is this apartment building located?
The property is located at 1111 Seattle St, Unit 12 Seattle, WA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: - LR3 zoning on a 7,200 SF lot in Capitol Hill ideal for townhomes or multifamily redevelopment.; - Currently operating as the fully leased Laurel Gate Apartments, a 9-unit building generating income.; - Meticulous upgrades including seismic retrofit, new plumbing/wiring, gas heat, and Thermopane windows.