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    1111 18Th Ave Seattle, WA 98144

    For Sale
    $1,998,000

    Eight distinctive apartments with development potential on a 7200 SF lot.

    Lot size:
    0.17 Acres

    Property Features for 1111 18Th Ave

    General Information

    Lot size
    0.17 Acres

    Source: Windermere Real Estate Co. Agent Edward Krigsman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Federal Avenue Apartments For Sale

    This 5,500 SF Federal Avenue style colonial revival, known as Laurel Gate, features eight distinctive apartments. The property has been renovated by its carpenter-owner. The apartments feature 124-year-old fir floors, balconies, exposed brick fireplaces, fanciful attic lofts, and repurposed wood details. Each apartment has a bespoke layout. Upgrades include a seismic retrofit, new plumbing and wiring, and added insulation. The property includes a lush front lawn, communal garden shed, secure mailbox, shared laundry, and alley parking. The 7200 SF lot has LR3 zoning and offers development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mysterious Red X Recording Studio Chachos Place Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3092206
    Latitude
    47.612051

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    FAQs

    What type of property is this?
    Apartment building - Eight distinctive apartments with development potential on a 7200 SF lot.
    Where is this apartment building located?
    The property is located at 1111 18Th Ave 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: - Eight distinctive apartments in a meticulously renovated colonial revival.; - High-income potential due to bespoke layouts and character-rich apartments.; - Seismic retrofit, new plumbing and wiring, and added insulation.
    (206) 387-6789
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1111 18Th Ave Seattle, WA 98144
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