403 E Thomas St
Seattle WA 98102
Edgene Apartments
403 E Thomas St Seattle WA 98102
Listing #: 709365 | Status: Available | Last Modified: 5/21/2026 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,800,000.0
- $/SF$ 436.1
- $/Unit$ 2,800,000.0
- Listing StatusAvailable
- Days on Market100
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income235,239
- Vacancy Factor %5.00%
- Operating Expenses86,486
- Net Operating Income136,991
- CAP Rate 5.31 %
- 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
- CAP Rate 5.31 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units9
- # of Elevators1
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF9828
- Net Rentable Area6420
- Total Office SF
- Largest Contiguous SF
- Lot SF4241
- Acres0.1
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #2264000000
- Additional Parcels
- ZoningMR(M)
- # Covered Spaces2
- # Uncovered Spaces9
- Total Parking Spots11
- Parking Ratio0
- Year Built1966
- Year Renovated1987
- Completion Date
- Roof Type
- Construction Type
9 Units in Capitol Hill - 11 Parking Spaces
Convenient Capitol Hill location; a Walker’s Paradise walk score of 95 7.0% market cap rate is likely with little renovation required Walkable to Downtown, South Lake Union, restaurants, light rail, and shops Excellent unit mix 4 two-beds, 4 one-beds, and a studio Owner occupant opportunity: Large ±1,200-SF view penthouse unit with 2 bedrooms plus a den and one-and-a-half bathrooms Downtown and Space Needle views from upper floors 9 off-street and 2 garage parking spaces Updated dual-pane windows, in-unit laundry and dishwashers in all units other than the studio, elevator Well maintained property Rent upside – parking & utility bill-back Alternate exit strategy & upside of easy condo conversion: Condo documents already in place with 12 parcels (1 for land, 2 for parking, and 9 f
