Four-Unit Multifamily
1745 12TH Unit 1 - 4 Seattle, WA 98144
1745 12TH Unit 1 - 4, Seattle, WA, 98144
$1,749,500
For Sale
$1,749,500
1900-built four-unit property with a solar-offset top unit and studio through 3-bedroom penthouse layouts.
Property Size4,589 SF
Price / SF$381.24
Days on Market88
Property Features for 1745 12TH Unit 1 - 4
General Information
- Standard status
- Active
- Size
- 4,589 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Downtown Sea
Listed by
Nicholas T. Vilvandre
(206) 522-3400
Source
Skylineproperties
Added: Apr 25 Updated: Jul 20 at 2:07AM Checked: Jul 20 at 2:07AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.9k | $27.00 |
| − Vacancy | −$5.6k | −$1.22 |
| EGI | $118.3k | $25.79 |
| − OpEx | −$35.5k | −$7.74 |
| NOI | $82.8k | $18.05 |
4,589 SF · lease $27.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,829 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$1.11M
$968.2K – $1.29M
NOI $77,452 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,643 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 $1,749,500.
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
