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426 11th Ave E, Seattle, WA 98102

$1,695,000
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House for sale 12 days

About 426 11th Ave E

Property type House
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 5,986 Sqft
Property description
We are pleased to present Capitol Hill 7, a well-located 7-unit property positioned in Seattle’s Capitol Hill/Eastlake neighborhood. Built in 1964, the 5,800 SF asset offers an attractive scale for investors seeking a well-located investment opportunity with durable rental demand. The property features LVP flooring throughout, ten on-site parking spaces, common-area laundry, and separate storage lockers for each residence. The roof was installed in 2016, helping reduce near-term capital expenditure requirements. Unit 5 includes an added rear deck with a glass sliding door, providing an enhanced outdoor living amenity. Located near the intersection of Capitol Hill and Eastlake, residents benefit from convenient access to Seattle’s premier dining, nightlife, retail, parks, cultural amenities, and employment centers. The property is a 10-minute walk from the light rail Capitol Hill Station. With its strong in-city location, parking availability, dedicated storage, and value-add potential through future unit upgrades, Capitol Hill 7 presents an appealing opportunity for investors seeking exposure to one of Seattle’s most established rental submarkets.
Listed by
Listing Agent - Sara Bago
Listing Office - Lee & Associates Commercial RE
Source: NWMLS mls logo
MLS#2583141 • last updated 1 week ago
Movoto checked NWMLS for data 13 minutes ago
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Overview
Cooling/AC None
Heating Wall Furnace
Levels/Style Multi Family
MLS # 2583141
Virtual Tour External Link
SubType Multi Family
Type Residential Income
Status Active
Lot Size (SqFt) 5986
Lot Size (Acres) 0.1374
Property Tax 20753
Year Built 1964
Condition Very Good
Interior
Flooring Vinyl Plank
Exterior
Foundation Block
Roof Flat
# Covered Spaces 6
# Parking Spaces 10
# Uncovered Spaces 4
Amenities / Utilities
Sewer/ Septic Sewer Connected, Seattle Public Utilities
Water Public
Water Company Seattle Public Utilities
Power Company Seattle City Light
Power Production: Type Electric
HOA Amenities Coin Op Laundry, Fire Sprinklers, Storage
Location
County King
Subdivision Capitol Hill
Area 390 - Central Seattle
High School District Seattle
APN 6852700165
Zoning Multi-Family
Multifamily Details
Net Operating Income 95702
Capitalization Rate 5.65
Expense: Insurance 5103
Gross Scheduled Income 161100
Expense: Other 18660
Gross Adjusted Income 153045
Total Expenses 60493
Gross Rent Multiplier 10.5
Nwm_Totalmonthlyincome 13016
Vacancy Rate 5
Lot/ Land Details
Site Features Deck, Patio
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Source: GreatSchools.org © 2026. All rights reserved.

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