Capitol Hill Apartments offers a rare opportunity to own a well-maintained, income-generating asset in one of Seattle’s most coveted neighborhoods. Located in a premier North Capitol Hill community, Capitol Hill Apartments are situated directly across from Volunteer Park, celebrated for its lush, Olmsted-designed landscapes.
This highly walkable and transit-served location places residents within easy reach of South Lake Union and Downtown Seattle, two of the region’s major employment centers.
The building has been owned by the same family since 1966 and features a diverse unit mix of 10 homes including a studio, 7 one-bedroom units, and 2 two-bedroom apartment homes, all underneath a remarkably unique roof deck.
Numerous capital improvements have been completed over the years including updated electrical wiring and panels, electric heat, a 2017 roof replacement, extensive plumbing and sewer updates, tuck pointing between 2009 and 2011, and the bolting of the foundation to wood framing. Residents enjoy the convenience of laundry facilities and tenant storage on the lower level.
With on-site parking for five vehicles and notable income upside potential in the form of raised rents and increased utility billbacks and parking income, Capitol Hill Apartments presents a compelling opportunity for investors seeking long-term value in a top-tier urban location.