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Robert Laing

robert.laing@engelvoelkers.com +1(206) 552-0599

Listed by Kidder Mathews Max Frame

$ 6,200,000

Est. payment -/mo

Save

Active

321 Broadway E Seattle, WA 98102

1 Bed

2 Baths

15,560 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,560 sqft

Price per Sqft $398

Subdivision North Capitol Hill

MLS Listing ID 2458589

Style 56 - 10+ Units

Bedrooms 1

Year Built 1910

Annual Tax Amount $67,567

Lot Size 5,714 Sqft

Lot Dimensions 5714

Property Sub-Type Multi Family

Property Description

Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle's most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Brick

View Y/N Yes

View City, Lake, Territorial

Roof Type Flat

Building

Lot Description Curbs, Paved, Sidewalk, Value In Land

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

John Hay Elementary School

Public | KG - 5
9

Montlake Elementary School

Public | KG - 5
9

Frantz Coe Elementary School

Public | KG - 5
8

McGilvra Elementary School

Public | KG - 5
8

John Stanford International Elementary School

Public | KG - 5
7

Thurgood Marshall Elementary School

Public | PK - 5
7

Tops K-8 School

Public | PK - 8
7

B F Day Elementary School

Public | KG - 5
6

Beacon Hill International School

Public | KG - 5
6

Queen Anne Elementary School

Public | KG - 5
6

Laurelhurst Elementary School

Public | KG - 5
5

Madrona K-8 School

Public | PK - 8
4

Leschi Elementary School

Public | KG - 5
4

Stevens Elementary School

Public | KG - 5
3

Bailey Gatzert Elementary School

Public | PK - 5
2

Lowell Elementary School

Public | PK - 5
0

Hamlin Robinson School

Private | 1 - 8
0

Giddens School

Private | PK - 5
0

Seattle Girls School

Private | 5 - 8
0

First Place

Private | 1 - 6

Middle Schools 10

8

Hamilton International Middle School

Public | 6 - 8
7

McClure Middle School

Public | 6 - 8
6

Washington Middle School

Public | 6 - 8
1

Seattle World School

Public | 6 - 12
0

Interagency Programs

Public | 6 - 12
0

Seattle Nativity School

Private | 6 - 8
0

Puget Sound Community School

Private | 6 - 12
0

Lake Washington Girls Middle School

Private | 6 - 8
0

Seattle Academy

Private | 6 - 12
0

The Northwest School

Private | 6 - 12

High Schools 8

9

The Center School

Public | 9 - 12
8

Garfield High School

Public | 9 - 12
2

Nova High School

Public | 9 - 12
0

The Seattle Public Schools Skills Center

Public | 9 - 12
0

O'Dea High School

Private | 9 - 12
0

Sccc High School Completion

Public | 9 - 12
0

Holy Names Academy

Private | 9 - 12
0

Seattle Preparatory School

Private | 9 - 12

School and business data provided by Attom Data.

Julie Fontanez

Real Estate Advisor

+1(206) 651-5770