Sold For

510 Bellevue Avenue E

Seattle, Washington WA98102

Positioned in Capitol Hill, Whittier Hall is blocks to the Harvard-Belmont Landmark District and within walking distance of Volunteer Park, Cal Anderson Park, and the vibrant retail corridors of Broadway and 15th Ave E. Downtown and SLU, with their prestigious/high-paying tech employers are also a mile away. The 9 units offer a new investor the likely opportunity for upside (raised rents, increased charges for utilities, parking, and storage). The property’s MR (M) zoning within an Urban Center allows for the construction of a 2nd 80-foot-tall building with no parking. Desirable features including 6 garage parking spaces and attractive/unique 1920s aesthetics. Buyer to verify all information pertaining to upside and development potential.

About This Property

Listing ID1927891
Sold For$2,837,500
Sold Date6/22/2022
SqFt 7,190
Acres 0.165
SubdivisionCapitol Hill
Year Built1928
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Capitol Hill
Year Built 1928
Building Area Units Square Feet
Flooring Ceramic Tile, Concrete, Hardwood, Laminate, Vinyl
Furnished Unfurnished
Heating Cooling Type Baseboard
Interior Features Ceramic Tile, Concrete, Hardwood, Laminate Tile
Living Area Units Square Feet
Stories Total 3
Covered Spaces 6
Elevation Units Feet
Exterior Features Brick
Foundation Details Poured Concrete
Lot Features Alley, Curbs, Paved, Sidewalk
Lot Size Square Feet 7200
Lot Size Units Square Feet
MLS Lot Size Source County Records
Number Of Units Total 9
Parking Total 6
Roof Composition
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 9
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 13927
Water Source Public
Building Area Total 7190
Building Name Whittier Hall
Country US
Elementary School Lowell
High School Garfield High
High School District Seattle
Middle Or Junior School Meany Mid
MLS Area Major 390 - Central Seattle
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Coin Op Laundry,Storage
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Sold
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Site Features Fenced-Partially
Year Built Effective 1991
Buyer Financing Not Disclosed
Cap Rate 3.3
Gross Adjusted Income 170769
Gross Rent Multiplier 16
Gross Scheduled Income 179757
Insurance Expense 2765
Leasable Area 6200
Leasable Area Units Square Feet
Leased Items Washer/Dryer
Net Operating Income 95123
Other Expense 32187
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 26767
Tax Year 2022
Total Expenses 75646
Total Monthly Income 14980
Vacancy Rate 5

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510 Bellevue Avenue E Seattle, WA 98102

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2023 NWMLS. All rights reserved. Data last updated: Sunday, March 26th, 2023 07:14:44 AM.
Closed Listing courtesy of Kidder Mathews
Closed Listing courtesy of Kidder Mathews
Data services provided by IDX Broker