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Active
1419 E Olive Street Seattle, WA 98122
$1,325,000
6 beds
4 baths
2,750 sq ft

Listing courtesy of Paragon Real Estate Advisors.

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Robert Ott

Robert Ott

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Property Description

This triplex offers a unique mix of units – one 1BD/1BTH unit, one 2BD/1BTH unit, and one 3BD/1.75BTH townhouse-style unit. The building sits back off the street, behind a charming courtyard, giving occupants a great spot to enjoy summer days. The units are currently renting well below market presenting significant rental upside. The property will operate at a 4.8% CAP rate when rents are brought up to market. The condition of the units also gives a buyer the opportunity to update the units and capture higher rents. The location is great for commuters heading to both north or south Seattle as it is only a few blocks to the Capitol Hill Light Rail Station. Cal Anderson Park and Broadway Avenue are also just a few blocks away.

Property Details & Features

Property Type

  • 12 – 2 Story

Year Built

  • 1945

Schools

  • Seattle

Bathrooms

  • 3 full bathrooms
  • 1 3/4 bathroom
  • Baths Full Lower: 1
  • Baths Full Main: 2
  • Baths Three Quarter Main: 1

Bedrooms

  • Bedrooms Lower: 1
  • Bedrooms Possible: 6
  • Bedrooms Total: 6

House

  • Building Area Total: 2750
  • Building Area Units: Square Feet
  • Building Information: Built On Lot
  • Calculated Square Footage: 2750
  • Elevation Units: Feet
  • Levels: “Two”
  • Living Area: 2750
  • Structure Type: “House”
  • Year Built: 1945

Exterior Features

  • Exterior Features: “Brick”

Heating

  • Heating Cooling Type: Baseboard

Interior Features

  • Furnished: Unfurnished

Listing

  • Senior Exemption: false

Location

  • County or Parish: King
  • Subdivision: Capitol Hill

Lot

  • 0 acres
  • 3840 square feet

Parking

  • Parking Features: “None”

Possession

  • Possession: “Closing”

Roof

  • Roof: “Composition”

Schools

  • High School District: Seattle

Sewer

  • Sewer: “Sewer Connected”

Utilities

  • Utilities: “Sewer Connected”, “Electricity Available”
  • Power Production Type: “Electric”
  • Water Source: “Public”

Listings last updated on July 5, 2022 6:51PM.

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