137 23rd Ave E
Seattle WA 98112

137 Studios

137 23rd Ave E Seattle WA 98112

Listing #: 703345 | Status: Available | Last Modified: 4/2/2026 |

For Sale
Max Hoge
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,795,000.0
  • $/SF$ 297.3
  • $/Unit$ 1,795,000.0
  • Listing StatusAvailable
  • Days on Market210
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses9,524
  • Net Operating Income-9,524
  • CAP Rate 6.00 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusProposed
  • # of Buildings0
  • # of Floors5
  • # of Units31
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF9901
  • Net Rentable Area6037
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF4200
  • Acres0.1
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetE John St
  • Market AreaCapitol Hill/First Hill
  • Tax ID #0955000470
  • Additional Parcels
  • ZoningLR3 (M)
Construction
  • Year Built0
  • Year Renovated1999
  • Completion Date
  • Roof Type
  • Construction TypeWood

31 Unit SEDU Development Opportunity - Permits App

Public Comments

We are proud to present 137 Studios. This is a prime SHOVEL READY development opportunity in Seattle’s vibrant Capitol Hill neighborhood. Permits for a 31 unit Small Efficiency Dwelling Unit (SEDU) apartment building have been APPROVED and PAID for by the seller. This project is ready for its new owner to break ground on immediately with significant upside once the project is complete. Currently, there is a vacant single family home on the property. There are striking mountain, lake, and territorial views from the second story of the existing home, so a buyer can expect views in all directions from the three upper levels of the proposed building. The property is situated in an ideal Capitol Hill location on a corner lot, steps from Miller Park, very close to Pike/Pine, mass transit, Downto

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