Capitol Hill Six-Plex For
317 17th Ave E Seattle, WA 98112
317 17th Ave E, Seattle, WA, 98112
$1,699,950
For Sale
$1,699,950
Well-maintained six-plex in Capitol Hill with high occupancy rates.
Property Size4,680 SF
Price / SF$363.24
Days on Market99
Property Features for 317 17th Ave E
General Information
- Standard status
- Active
- Size
- 4,680 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency
JOHN L. SCOTT -SEATTLE CENTER
(206) 448-9600
Listed by
JIM DIERST
Source
Corcoran
Added: Apr 9 Checked: Jul 16 at 5:48 am
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 JOHN L. SCOTT -SEATTLE CENTER
Investment Insights
Based on property information with market context.
This is a classic, well-maintained six-plex located on a NR3 lot in Capitol Hill. The property has a proven record of high occupancy rates. There are four 1 bed/1 bath units featuring hardwood floors. Updates in 2 units include refreshed kitchen + bath, updated plumbing + electrical and hardwood floors. The upstairs units have large windows that provide natural light. The property includes a spacious basement with shared coin-operated laundry, storage, and bike racks. Four off-street parking spaces are located in the back of the units. The property is located close to Volunteer Park and Broadway, which offers shopping and restaurants, and is close to light rail. The property size is 4680 square feet. All 6 units have renters who would like to stay, some M2M and some on year leases.
Key Highlights
- Prime Capitol Hill location near Volunteer Park, Broadway, and light rail.
- Six‑plex with a history of high occupancy.
- Four off‑street parking spaces.
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 | $126.4k | $27.00 |
| − Vacancy | −$5.7k | −$1.22 |
| EGI | $120.7k | $25.79 |
| − OpEx | −$36.2k | −$7.74 |
| NOI | $84.5k | $18.05 |
4,680 SF · lease $27.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,472 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$1.13M
$987.4K – $1.32M
NOI $78,988 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,559 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Casa Latina Seattle
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained six-plex in Capitol Hill with high occupancy rates.
Where is this quadplex located?
The property is located at 317 17th Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $1,699,950.
What are key features of this property?
This property features: Prime Capitol Hill location near Volunteer Park, Broadway, and light rail.; Six‑plex with a history of high occupancy.; Four off‑street parking spaces.
