Capitol Hill Lot with Income-generating 9-unit Apartments

USD $1,898,000
1111 18th Avenue, Seattle, Washington, 98122, USA

Property Highlights

  • LR3-zoned 7,200 SF lot with alley access
  • Fully leased 9-unit apartment building
  • Meticulous upgrades including seismic retrofit
  • 7 parking stalls available
  • Shared laundry and secure mail
  • Walk score of 94, near light rail

Overview

Investor alert! LR3-zoned 7,200 SF lot in Capitol Hill with alley access & flat topography—ideal for townhomes or multifamily redevelopment. Meanwhile, collect income from the fully leased 9-unit Laurel Gate Apartments, a 5,200 SF Colonial Revival reimagined into 8 charming apartments plus landlord’s unit. Meticulous upgrades include seismic retrofit, new plumbing/wiring, gas heat, and Thermopane windows. 7 parking stalls, shared laundry, secure mail, and strong tenant retention. Walk score 94. One mile to light rail. A rare land bank with income.
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Property Features

1111 18th Avenue, Seattle, Washington, 98122, USA offers the following features:

Property Type: Land
Status: Active
Reference ID: 2422561

What's Nearby

Local businesses near 1111 18th Avenue, Seattle, Washington, 98122, USA:

School: < 1 mile
Public Transportation: < 1 mile
Gym: < 1 mile
Grocery/Shopping Center: < 1 mile
Hospital: < 1 mile
Police Station: < 1 mile

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