317 18th Ave E - Apartments FOR SALE


Seattle, WA 98112- Stevens
$1,995,000 USD
425-327-9320
317 18th Ave E, Seattle, WA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/14
null | 6.1% Cap Rate

317 18th Ave E
Seattle, WA 98112
Stevens


HIGHLIGHTS

  • Six oversized 3BD units (1,374 SF)
  • Below-market rents and renovation potential
  • On-site shared laundry facilities
  • Timeless 1916 classic brick charm
  • 4 dedicated parking spaces
  • Timeless 1916 classic brick charm

OVERVIEW

The Wiltona Apartments consist of six oversized three-bedroom residences. Originally constructed in 1916, the property offers a level of charm and craftsmanship rarely replicated in modern construction. Combining classic architectural appeal with generously sized 1,374 square foot units, the Wiltona presents a rare opportunity for investors seeking stable long-term ownership, rental upside, and enduring demand in one of Seattle’s premier multifamily markets. Building systems include radiant heat served by a gas boiler, a combination of updated and legacy electrical panels, and upgraded double-pane vinyl windows. Additional tenant amenities include four off-street parking spaces, common laundry facilities, and substantial basement storage. Located in the heart of Capitol Hill, the Wiltona benefits from one of Seattle’s most vibrant and supply-constrained rental submarkets. Residents enjoy exceptional walkability with immediate access to acclaimed dining, nightlife, shopping, and neighborhood amenities, as well as convenient transit connections to Downtown Seattle, South Lake Union, the University District, and other major employment centers. Capitol Hill’s continued popularity among professionals, students, and creatives supports strong occupancy and consistent rent growth. For investors, the Wiltona offers an exceptional blend of historic charm, future value-add potential, long-term appreciation, and lasting market appeal.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,500

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wiltona Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

NR3

APN/PARCEL ID

180690-0140

ASK ABOUT THIS PROPERTY

Nick HemmingParagon Real Estate AdvisorsMore Info
425-327-9320

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Nick HemmingParagon Real Estate AdvisorsMore Info
425-327-9320

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