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Harrison Apartments

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Harrison Apartments

800 Harrison St, Seattle, WA 98109
Multi-Family For Sale Available Cap Rate 3.65% Built 1911 2 floors Zoning: SM-SLU 85-280
Asking Price
$3,000,000
Total Building8,580 SF
Land7,200 SF land
MarketLake Union
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
304760
Listing ID
701994
Type
Multi-Family
Asset Class
Multi-Family
Zoning
SM-SLU 85-280

Description

We are pleased to present the exclusive listing of the Harrison Apartments, a rare investment opportunity in the heart of South Lake Union. Positioned on a 7,200 SF corner lot with alley access, this 12-unit apartment building is being offered for the first time in over three decades. The property features a fully occupied, yet underperforming, apartment complex with immediate value-add potential. Current rents are estimated to be approximately 40% below market, with additional upside achievable through unit renovations as turnovers occur. The building consists of 10 one-bedroom/one-bath units (approx. 700 SF each) and 2 two-bedroom/one-bath units (approx. 850 SF each). The interior of 5/12 units have been partially updated with new LVP flooring, sinks and countertops. Zoned SM-SLU 85-

Listing Courtesy of:

RI
Ryan Iles
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
State: WA City: Seattle ZIP: 98109 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.