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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

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    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.
    Request Owner's contact information
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    Seattle, WA 98109
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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
    800 Harrison St, Unit Seattle Seattle, WA 98109
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