1822 S King St - Apartments FOR SALE


Seattle, WA 98144- Atlantic
$1,150,000 USD
425-444-6501
1822 S King St, Seattle, WA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/12
null | 7.15% Cap Rate

1822 S King St
Seattle, WA 98144
Atlantic


HIGHLIGHTS

  • Excellent location in Seattle’s desirable Central District; Walker’s Paradise walk score of 94 - Close to Downtown, Pill Hill, Lumen Field, Pike Place
  • Walking distance from several modes of public transit - Jackson St bus lines, First Hill streetcar, light rail, King Street Station
  • Fully renovated units as of 2020 including updated kitchens and baths, in-unit laundry, dishwashers, and digital Wi-Fi locks
  • Fully renovated down to studs in 2001 including all new services, seismic, siding, and roof
  • Excellent unit mix of three 1-bedroom and one 2-bedroom units
  • Four off-street parking spaces (one/unit) in addition to easy, non-permitted street parking

OVERVIEW

Excellent location in Seattle’s desirable Central District Walker’s Paradise walk score of 94 – close to Downtown Seattle employers, a mile from the major hospitals in the “Pill Hill” neighborhood, 1.25 miles from Lumen Field, less than 2 miles from Pike Place Market, and a half mile from access to Interstates 5 and 90 Walking distance from several modes of public transit – 0.1 mile from the Jackson Street bus lines, 0.4 mile from the First Hill Streetcar, 0.5 mile from the new Judkins Park light rail station (opened March 2026), and a mile from King Street Station’s regional rail line Fully renovated units as of 2020 including updated kitchens and baths, in-unit laundry, dishwashers, and digital Wi-Fi locks; Fully renovated down to studs in 2001 including all new services, seismic, siding, and roof; Originally constructed in 1988 Excellent unit mix of three 1-bedroom and one 2-bedroom units Beautiful landscaping and gardens including private patio and raised planters for each unit, and an edible garden with cherries, plums, gooseberries, and jasmine Four off-street parking spaces (one/unit) in addition to easy, non-permitted street parking Exceptional historical occupancy – Near zero percent vacancy for the last 5 years and 5+ year tenants in two units and one fully booked furnished STR Extremely low operating costs at ±20% Fiber available at building

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

7.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,800 SF

ZONING

LR1 (M)

APN/PARCEL ID

331950-1365

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.