Four-Unit Multifamily
For Sale
$1,698,750
1745 12TH Unit 1 - 4, Seattle, WA 98144
1900-built four-unit property with a solar-offset top unit and studio through 3-bedroom penthouse layouts.
Property Size4,589 SF
Price / SF$370.18
Days on Market181
Property Features for 1745 12TH Unit 1 - 4
General Information
Standard status
Active
Size
4,589 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
Keller Williams Downtown Sea
Listed By:
Nicholas T. Vilvandre · License #107068
(206) 612-7883
Source:
Skylineproperties
Added: Apr 25
Changed: Oct 21
Last Checked: Oct 21 at 12:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Downtown Sea
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Investment Insights
Based on property information with market context.
This classic 1900-built four-unit multifamily property offers a practical mix of living configurations, including a 3-bedroom view penthouse, a 2-bedroom unit, a studio, and a 1-bedroom garden unit, along with a non-conforming caretaker unit. The top-floor unit also benefits from solar offset for electric use, adding a specific energy-related improvement within the building’s existing layout.
The property is located on a quiet street near light rail, with access to Downtown Seattle, SODO, and major commuter routes. With multiple units in place and additional units described as coming available, the building supports owner-occupant or house-hacking scenarios while maintaining rental income.
The property is located on a quiet street near light rail, with access to Downtown Seattle, SODO, and major commuter routes. With multiple units in place and additional units described as coming available, the building supports owner-occupant or house-hacking scenarios while maintaining rental income.
Key Highlights
- 1900‑built 4‑unit property with a mix of studio, 1‑bedroom garden unit, 2‑bedroom unit, and 3‑bedroom view penthouse
- Top (penthouse) unit includes solar offset for electric use
- Includes a non‑conforming caretaker unit in addition to the main 4‑unit layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,829
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,580
$1.7M
Cap Rate 7%
$1,183,271
$1.2M
Cap Rate 9%
$920,322
$920.3K
Market Conditions
NOI Build-Up for 4,589 SF
Gross rent
$123.9K $27.00/SF
− Vacancy
−$5.6K −$1.22/SF
EGI
$118.3K $25.79/SF
− OpEx
−$35.5K −$7.74/SF
NOI
$82.8K $18.05/SF
Area
Seattle, WA
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,580
Cap Rate 7%
$1,183,271
Cap Rate 9%
$920,322
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,829 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$1.11M
$968.2K – $1.29M
NOI $77,452 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,643 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 98144, WA
32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - 1900-built four-unit property with a solar-offset top unit and studio through 3-bedroom penthouse layouts.
Where is this quadplex located?
The property is located at 1745 12TH Unit 1 - 4 Seattle, WA.
What is the asking price?
The asking price for this property is $1,698,750.
What are key features of this property?
This property features: 1900‑built 4‑unit property with a mix of studio, 1‑bedroom garden unit, 2‑bedroom unit, and 3‑bedroom view penthouse; Top (penthouse) unit includes solar offset for electric use; Includes a non‑conforming caretaker unit in addition to the main 4‑unit layout
