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910 E Prospect St, Seattle, WA 98102

$1,095,000
•
  • —

    bed

  • —

    bath

  • 2,400

    Sqft ($456/Sqft)

House for sale 98 days

About 910 E Prospect St

Property type House
Neighborhood
Year built 1905
HOA fee $0/month
Lot size 4,000 Sqft
Movoto estimate
Property description
The Mansion District Fourplex is a charming 4-unit multifamily property nestled in the heart of Seattle’s desirable North Capitol Hill neighborhood next to Volunteer Park. Two units are nonconforming units, but can be permitted with SDIC as a value-add opportunity (buyer to verify). This historic gem, built in 1905, blends timeless appeal with modern potential, offering investors a rare chance to capitalize on one of the city’s most desirable areas. Whether you’re looking to boost rental income through market-rate adjustments, legalize the two lower non-conforming units for added value, owner-occupy a unit while generating passive revenue, or redevelop the site into higher-density housing, this fourplex is poised for substantial returns in a market where demand continues to outpace supply.
Listed by
Listing Agent - Chad Michael Martini
Listing Office - Westlake Associates, Inc.
Source: NWMLS mls logo
MLS#2542462 • last updated 3 months ago
Movoto checked NWMLS for data 13 minutes ago
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Overview
Cooling/AC None
Heating Forced Air
Levels/Style Duplex
MLS # 2542462
SubType Multi Family
Type Residential Income
SqFt 2400
Status Active
Lot Size (SqFt) 4000
Lot Size (Acres) 0.0918
Property Tax 12473
Year Built 1905
Interior
Exterior
Foundation Poured Concrete
Roof Composition
# Parking Spaces 2
# Uncovered Spaces 2
Amenities / Utilities
Sewer/ Septic Sewer Connected
Power Production: Type Electric
Security Features Fully Fenced
HOA Amenities Coin Op Laundry
Location
County King
Subdivision North Capitol Hill
Area 390 - Central Seattle
High School District Seattle
APN 6762700340
Zoning Multi-Family
Multifamily Details
Net Operating Income 53745
Capitalization Rate 4.91
Expense: Insurance 2500
Gross Scheduled Income 78060
Expense: Other 3000
Gross Adjusted Income 75718
Total Expenses 21973
Gross Rent Multiplier 14.03
Nwm_Totalmonthlyincome 6505
Vacancy Rate 3
Lot/ Land Details
Site Features Fenced-Fully
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  • 910 E Prospect St

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