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800 Harrison St, Unit Seattle Seattle, WA 98109

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For Sale
$3,500,000

12-unit apartment building in South Lake Union with value-add potential.

Property Features for 800 Harrison St

General Information

Standard status
Active

Building Details

Year built
1911

Source: PARAGON REAL ESTATE ADVISORS Agent RYAN ILES

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


Overview

South Lake Union Apartment Building

The Harrison Apartments present a rare investment opportunity in the heart of South Lake Union. Positioned on a 7,200 square foot corner lot with alley access, this 12-unit apartment building is being offered for the first time in over three decades. The property features a fully occupied apartment complex with immediate value-add potential. Current rents are estimated to be approximately 40% below market, with additional upside achievable through unit renovations as turnovers occur. The building consists of 10 one-bedroom/one-bath units (approximately 700 square feet each) and 2 two-bedroom/one-bath units (approximately 850 square feet each). The interior of 5 of the 12 units have been partially updated with new LVP flooring, sinks and countertops. The property is zoned SM-SLU 85-.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Spa & Massage Restaurant Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.3408623
Latitude
47.6222078

FAQs

What type of property is this?
Apartment building - 12-unit apartment building in South Lake Union with value-add potential.
Where is this apartment building located?
The property is located at 800 Harrison St, Unit Seattle Seattle, WA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Significant value-add potential: Rents are approximately 40% below market, offering immediate opportunity to increase revenue.; - Prime South Lake Union location: Situated in a highly desirable and sought-after area.; - Rare investment opportunity: First time on the market in over 30 years.
More about this property
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