Listed by COMPASS
$5,500,000

Estimated payment $33,717/month

Total Views 4,924
-- Bed
-- Bath
16,974 Sq Ft
$324 Price per Sq Ft

Highlights

  • Wood Flooring
  • 5-minute walk to Pioneer Square
  • Baseboard Heating
  • Garfield High School Rated A
  • No HOA
  • 3-minute walk to Waterfall Garden

About This Home

Invest in a piece of Seattle’s storied past with this turnkey mixed-use property in Pioneer Square. Built in 1900, this well maintained 4 story building blends historic character with modernity, for dependable returns and future growth. Residential units offer 13 tastefully designed units, including 4 upscale penthouses with rooftop decks, 4 spacious lofts, 4 micro lofts, and 1 large studio. Units feature open layouts, contemporary finishes, and rich hardwood flooring, with on-site laundry and an elevator. On the ground level, two retail spaces are fully leased, ensuring steady cash flow. Set on bustling 1st St with street parking and a Walk Score of 96, this asset stands as a dynamic investment opportunity in the heart of Pioneer Square.

Listing Agent

Ben Kaufman

COMPASS License #18974

COMPASS

Co-Listing Agent

Nicole Allen

COMPASS License #125672

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2335192

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,231

Year Built

  • Built in 1900

Lot Details

  • 3,330 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Log Siding

Interior Spaces

  • 16,974 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Utilities

  • Radiator
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Pioneer Square Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5247800110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,231

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1900
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 16974
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 63

Interior Features

  • Possible Use: Residential, Retail
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Log
  • Exterior Features: Brick, Log
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Radiator
  • Heating Yn: Yes
  • WaterSewerGarbage: 13534

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 13534

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5247800110
  • Lot Size Acres: 0.0764
  • Lot Size Sq Ft: 3330
  • Zoning Description: Residential,Retail
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: public record
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.14
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 453212
  • Net Operating Income: 282277
  • Number Of Units Total: 15
  • Electric Expense: 13534
  • Insurance Expense: 30649
  • Leasable Area: 16974
  • EnergySource: Electric
  • UnitsInBuildingTotal: 15
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 36231

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $35,662 $3,798,400 $1,448,500 $2,349,900
2023 $36,231 $3,926,500 $1,448,500 $2,478,000
2022 $18,909 $3,517,700 $1,381,900 $2,135,800
2021 $22,632 $2,072,600 $1,381,900 $690,700
2020 $21,259 $2,369,500 $1,381,900 $987,600
2018 $19,172 $2,058,200 $1,015,600 $1,042,600
2017 $17,990 $1,956,700 $849,100 $1,107,600
2016 $17,246 $1,899,700 $749,200 $1,150,500
2015 $16,665 $1,777,400 $666,000 $1,111,400
2014 -- $1,759,400 $632,700 $1,126,700
2013 -- $1,648,100 $532,800 $1,115,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 For Sale $5,500,000 0.0% $324 / Sq Ft
10/08/2024 10/08/24 Off Market $1,500 -- --
10/01/2024 10/01/24 For Rent $1,500 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Deed History

Date Type Sale Price Title Company
Quit Claim Deed $313 Accommodation/Courtesy Recordi
Warranty Deed $4,765,000 Chicago Title
Quit Claim Deed $313 Accommodation/Courtesy Recordi
Warranty Deed -- Stewart Title Company
Warranty Deed $967,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $672,166 New Conventional
Previous Owner $2,600,000 No Value Available
Previous Owner $1,200,000 No Value Available
Previous Owner $200,000 No Value Available
Previous Owner $1,530,000 No Value Available
Previous Owner $845,000 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2335192

Northwest Multiple Listing Service (NWMLS)

APN: 524780-0110