800-810 Harrison St - Apartments FOR SALE


Seattle, WA 98109- South Lake Union
$3,000,000 USD
206-457-6775
800-810 Harrison St, Seattle, WA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/21
null | 4.04% Cap Rate

800-810 Harrison St
Seattle, WA 98109
South Lake Union


HIGHLIGHTS

  • Unparalleled South Lake Union Location
  • Proximity to major employers
  • Spacious 1 and 2 bedroom units
  • Recent Updates to 3 units
  • Value Add Opportunity
  • On-site common laundry

OVERVIEW

The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

12

PRICE/UNIT

$250,000

CAP RATE

4.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harrison Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

SM-SLU 85-280

APN/PARCEL ID

198820-1580

ASK ABOUT THIS PROPERTY

Will DouglasParagon Real Estate AdvisorsMore Info
206-457-6775

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Will DouglasParagon Real Estate AdvisorsMore Info
206-457-6775

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