800 Harrison St, Unit Seattle Seattle, WA 98109
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:
Corcoran
Listing 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
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3408623
- Latitude
- 47.6222078
Nearby Similar for Sale
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.