Back to search
314 E Mercer Street Seattle, WA $ 1,345,000
Share Save
$ 1,345,000 Get more info
314 E Mercer Street
$ 1,345,000
Back to search
Share Save

314 E Mercer Street

Seattle, WA, 98102
$ 1,345,000
Baths0.0 Sq 4,595

Monthly Estimate*

$ 8,939

Listed by Windermere RE Greenwood
314 E Mercer Street, Seattle, WA 98102 - Image 1
314 E Mercer Street, Seattle, WA 98102 - Image 2
314 E Mercer Street, Seattle, WA 98102 - Image 3
314 E Mercer Street, Seattle, WA 98102 - Image 4
314 E Mercer Street, Seattle, WA 98102 - Image 5
314 E Mercer Street, Seattle, WA 98102 - Image 6
314 E Mercer Street, Seattle, WA 98102 - Image 7
314 E Mercer Street, Seattle, WA 98102 - Image 8
314 E Mercer Street, Seattle, WA 98102 - Image 9
314 E Mercer Street, Seattle, WA 98102 - Image 10
314 E Mercer Street, Seattle, WA 98102 - Image 11
314 E Mercer Street, Seattle, WA 98102 - Image 12
314 E Mercer Street, Seattle, WA 98102 - Image 13
314 E Mercer Street, Seattle, WA 98102 - Image 14
314 E Mercer Street, Seattle, WA 98102 - Image 15
314 E Mercer Street, Seattle, WA 98102 - Image 16
314 E Mercer Street, Seattle, WA 98102 - Image 17
314 E Mercer Street, Seattle, WA 98102 - Image 18
314 E Mercer Street, Seattle, WA 98102 - Image 19
314 E Mercer Street, Seattle, WA 98102 - Image 20
314 E Mercer Street, Seattle, WA 98102 - Image 21
314 E Mercer Street, Seattle, WA 98102 - Image 22
314 E Mercer Street, Seattle, WA 98102 - Image 23
314 E Mercer Street, Seattle, WA 98102 - Image 24
314 E Mercer Street, Seattle, WA 98102 - Image 25
314 E Mercer Street, Seattle, WA 98102 - Image 26
314 E Mercer Street, Seattle, WA 98102 - Image 27
314 E Mercer Street, Seattle, WA 98102 - Image 28
314 E Mercer Street, Seattle, WA 98102 - Image 29
314 E Mercer Street, Seattle, WA 98102 - Image 30
314 E Mercer Street, Seattle, WA 98102 - Image 31
314 E Mercer Street, Seattle, WA 98102 - Image 32
314 E Mercer Street, Seattle, WA 98102 - Image 33
314 E Mercer Street, Seattle, WA 98102 - Image 34
314 E Mercer Street, Seattle, WA 98102 - Image 35
Studio

Multi-Family Home for sale in Seattle, WA

for $1,345,000. This 4,595 square foot home was built in 1909 on a lot size of 0.0551.

This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.4 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.

See more
Multi-Family Active

Price

$ 1,345,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,182

Style

5-9 Units

Lot Size

0.0551

Year Built

1909

Town/City

Seattle

County/Region

King

MLS | Web ID

2211088
Features
General
Interior Features Concrete Fir/Softwood Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Stove/Free Standing
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Security Features FullyFenced
Year Built 1909
View City Mountain(s) Partial Territorial
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 73008
Insurance Expense 3500
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Capitol Hill
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Broadway go west on E Mercer St to property. Great Capitol Hill location.
High School Garfield High
City Seattle
Buyer Agent Compensation 3.0
View Y/N Y
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Total Units 5
MLS Area 390 - Central Seattle
Lot Size Square Feet 2400
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Mercer
Listing Terms Cash Out Conventional
Elementary School Lowell
Tax Annual Amount 13182
Electric Expense 500
Fuel Expense 500
Middle/Junior High School Meany Mid
Property Condition Good
Public Remarks This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout wood floors
Leasable Area 3333
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry Storage
Units Below Grade false
Units In Building Total 5
Zoning Class Multi-Family
Water Sewer Garbage 5700
Property Style 55 - 5-9 Units
Cap Rate 5.4
See more
Interior
Flooring Concrete Softwood Hardwood Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Exterior
Lot Features Alley Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 4595
Lot Size Acres 0.0551
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially Gas Available High Speed Internet
Parking Uncovered Spaces 0
See more
Internal Only
OriginalMLSID NWM2211088
Street Number 1 314
See more
* Excluded Features
List By
Jed A Kliman

Listing Agent

Windermere Re Greenwood

Broker

Affordability Calculator

$10,038
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,939
Monthly Property Taxes
$1,099
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
258528 Elementary School
1261254 Middle School
Garfield High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/22/2024$1,345,000 -3.58% Price Down
3/20/2024$1,395,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

314 E Mercer Street, Seattle, WA, 98102 is a Multi-Family Home for sale at $1,345,000 with 4,595 sqft and a lot size of 0.0551. 314 E Mercer Street is a studio with 0.0 baths and was built in 1909. The property's zip code is 98102 which is in Seattle, WA

Get more info