About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1310 E Thomas St, Seattle, WA 98102

$9,332,337

Last sold 09/07/2023 for $8.52M

—
bed
—
bath
19,210
Sqft ($444/Sqft)

House not for sale

About 1310 E Thomas St

Property type House

Neighborhood

Year built 1967

HOA fee $0/month

Lot size 0.31 Acre

Movoto estimate

Property description

Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.

Listed by

Listing Agent - Dan Swanson

Listing Office - Kidder Mathews

Source: NWMLS

MLS#2055635 • last updated 2 years ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Cooling/AC	None
Heating	Wall Unit(s)
Levels/Style	Multi Family
MLS #	2055635
SubType	Multi-Family
Type	Residential Income
SqFt	19210
Status	Sold
Lot Size (SqFt)	13537
Lot Size (Acres)	0.3108
Property Tax	64392
Buying Office	ZNonMember-Office-MLS
Year Built	1967
Buying Office Phone	425-820-9200

Interior
Flooring	Vinyl Plank

Exterior
Roof	Flat
# Open Parking Spaces	10
# Parking Spaces	10
# Uncovered Spaces	10
Exterior Features	Stucco

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric
Security Features	FullyFenced

Location
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
Elementary School	Lowell
Middle School	Meany Mid
High School District	Seattle
High School	Garfield High
APN	6003501931
Directions	The Property Is In The Northeast Corner Of 13th Ave E And Thomas St.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	521691
Capitalization Rate	5.4
Expense: Insurance	4705
Gross Scheduled Income	737664
Expense: Other	74992
Gross Adjusted Income	700781
Total Expenses	179089
Gross Rent Multiplier	13.1
Nwm_Totalmonthlyincome	61472
Vacancy Rate	5

Lot/ Land Details
Site Features	Deck, Fenced-Partially

$9.33M

Range: $8.39M-$10.2M

Last 30 days

Rental est.: $648/month

• Gross rent multiplier: 1097.3

Lower your payment with the loan terms that fit you.

Sep 2023
Public Records
Sep 7, 2023 Sold
$8,507,000 (-0.2%)
Sep 2023
MLS # 2055635
Sep 7, 2023 Sold
$8,527,000 (-12.0%)
Jun 28, 2023 Pending
—
May 25, 2023 Price Change
$9,695,000 (-3.0%)
Apr 13, 2023 Listed
$9,995,000 (+55.0%)
Jan 2022
MLS # 1830792
Jan 31, 2022 Sold
$6,450,000
Nov 9, 2021 Pending
—
Aug 26, 2021 Listed
$7,000,000
Jan 2022
Public Records
Jan 28, 2022 Sold
$6,449,000 (-7.9%)

Year Property taxes Tax assessment
2024
$60,622 -5.9%

$6,945,000 -8.8%
2023
$64,392 -0.6%

$7,615,000 +7.86%
2022
$64,760 -17.5%

$7,060,000 -13.73%
2021
$78,465

$8,184,000

1310 E Thomas St
$8.52M
Broadway
$525K -51% y/y
98102
$799K -21% y/y
Seattle
$680K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1208 E Thomas St, Seattle, WA 98102	$1,253,000	4/2	1,950	0.04
1211 E Thomas St, Seattle, WA 98102	$1,190,000	3/1	1,740	0.06
1212 E Harrison St, Seattle, WA 98102	$1,229,000	3/1	1,980	0.06
1406 E Thomas St, Seattle, WA 98112	$1,723,000	4/2	3,135	0.06
411 14th Ave E, Seattle, WA 98112	$1,514,000	5/1	2,180	0.07
1412 E Thomas St, Seattle, WA 98112	$1,198,000	3/2	1,870	0.07
1404 E Harrison St, Seattle, WA 98112	$1,071,000	3/1	1,400	0.07
406 14th Ave E, Seattle, WA 98112	$1,093,000	3/1	1,400	0.07

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.