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317 E Thomas St, Seattle, WA 98102

$2,400,000
Last sold 02/20/2024 after 124 Days
—
bed
—
bath
8,320
Sqft ($288/Sqft)

House not for sale

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About 317 E Thomas St

Property type House

Neighborhood

Year built 1910

HOA fee $0/month

Lot size 3,000 Sqft

Property description

Charming, spacious, and well cared building, with 6 out of 8 units are 2-bedrms. Light-filled bay windows and western units feature sweeping views of Downtown, SLU w/ the Space Needle and Puget Sound beyond. Built in 1910, wiring & heating system updated over the years. windows have wood blinds and most of the hardwood floors in units have been preserved while the kitchens have received updates - butcher block countertops in most units, newer gas ranges, Bosch DW in all units. Centrally-positioned within the Capitol Hill neighborhood, 317 presents investors w/ a perfect opportunity to embellish upon this attractive vintage w tasteful updates supportive of stronger rents that will increase the financial returns of the investment over time.

Listed by

Listing Agent - Dea Sumantri

Listing Office - Lee & Associates Commercial RE

Source: NWMLS

MLS#2172267 • last updated 1 year ago

Movoto checked NWMLS for data 23 minutes ago

Overview
Cooling/AC	None
Levels/Style	Multi Family
MLS #	2172267
SubType	Multi-Family
Type	Residential Income
SqFt	8320
Status	Sold
Lot Size (SqFt)	3000
Lot Size (Acres)	0.0689
Property Tax	24705
Buying Office	EXp Realty
Year Built	1910
Buying Office Phone	888-317-5197
Condition	Good

Interior
Flooring	Hardwood
Interior Features	Hardwood

Exterior
Foundation	Block
Roof	Flat
Exterior Features	Stucco

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Available, SPU
Water	Public
Water Company	SPU
Power Company	SCL
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry, Thermal Windows

Location
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
High School District	Seattle
APN	6848200110
Zoning	Multi-Family

Multifamily Details
Net Operating Income	127026
Capitalization Rate	4.89
Expense: Insurance	3603
Gross Scheduled Income	200400
Expense: Other	21699
Gross Adjusted Income	190380
Total Expenses	64593
Gross Rent Multiplier	13
Nwm_Totalmonthlyincome	16700
Vacancy Rate	5

Lot/ Land Details
Site Features	Deck, Gas Available, High Speed Internet

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Feb 2024
Public Records
Feb 20, 2024 Sold
$2,397,600 (-0.1%)
Feb 2024
MLS # 2172267
Feb 20, 2024 Sold
$2,400,000 (-7.7%)
Dec 7, 2023 Pending
—
Oct 19, 2023 Listed
$2,600,000 (+147.6%)
Mar 2002
Public Records
Mar 15, 2002 Sold
$1,050,000

Year Property taxes Tax assessment
2024
$25,877 +4.7%

$2,971,000
2023
$24,705 -21.9%

$2,971,000 -15.62%
2022
$31,639 -5.9%

$3,521,000 -0.96%
2021
$33,616

$3,555,000

317 E Thomas St
$2.4M
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
408 E Harrison St, Seattle, WA 98102	$1,285,000	3/2	1,950	0.11
416 E Harrison St, Seattle, WA 98102	$1,289,000	2/1	1,830	0.12
411 E Loretta Pl, Seattle, WA 98102	$997,000	1/1	870	0.12
312 Belmont Ave E, Seattle, WA 98102	$1,064,000	3/1	1,750	0.16
316 Belmont Ave E, Seattle, WA 98102	$1,059,000	3/1	1,690	0.17
1662 E Olive Way, Seattle, WA 98102	$874,000	3/1	1,200	0.18
233 Boylston Ave E, Seattle, WA 98102	$1,354,000	3/1	2,350	0.18
211 Boylston Ave E, Seattle, WA 98102	$966,000	3/1	1,150	0.18

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