321 Broadway E
Seattle WA 98102
Casa Del Rey
321 Broadway E Seattle WA 98102
Listing #: 705829 | Status: Available | Last Modified: 3/3/2026 |
For Sale
- Phone:(425) 422-7840
- Email:matt.johnston@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 681-7695
- Agent Email:winslow.lee@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 6,200,000.0
- $/SF$ 398.5
- $/Unit$ 6,200,000.0
- Listing StatusAvailable
- Days on Market151
- Asset ClassRetail, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income708,074
- Vacancy Factor %0.00%
- Operating Expenses303,597
- Net Operating Income404,477
- CAP Rate 6.52 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- CAP Rate 6.52 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units30
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF15560
- Net Rentable Area15560
- Total Office SF
- Largest Contiguous SF
- Lot SF5663
- Acres0.13
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- VicinityCapitol Hill
- Location Description
- Second Address
- Cross StreetHarrison and East Thomas
- Market AreaCapitol Hill/First Hill
- Tax ID #6850700380
- Additional Parcels
- ZoningNC3P-75(M1)
- Year Built1910
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Casa Del Rey
Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle’s most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.
