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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.
- Neighborhood
- Type
- CountyKing
- Area390 - Central Seattle
- Tax Amount$19,756
- StatusActive
- Listing #2422561
- Lot Size0.17
- Listed on site12 days
Listed by:
Windermere Real Estate Co.
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-08-30 15:11:26. DMCA
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School Info
- elementary schoolMadrona Elementary
- middle schoolMeany Mid
- high schoolGarfield High
Property details
Community Features
- No HOA
- No Adult Community
Exterior features
- No Pool
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