403 E Thomas St
Seattle WA 98102
Edgene Apartments
403 E Thomas St Seattle WA 98102
Listing #: 709365 | Status: Available | Last Modified: 4/7/2026 |
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$ 2,998,000.0
- $/SF$ 467.0
- $/Unit$ 2,998,000.0
- Listing StatusAvailable
- Days on Market50
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income227,886
- Vacancy Factor %5.00%
- Operating Expenses86,118
- Net Operating Income130,373
- CAP Rate 4.73 %
- 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 4.73 %
- 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
Edgene Apartments presents a rare opportunity to acquire a well-maintained 9-unit multifamily property in one of Seattle’s most desirable rental markets. Built in 1966, this classic mid-century asset combines strong in-place income with meaningful upside potential in a premier Capitol Hill location. Boasting a Walker’s Paradise walk score of 95, the property offers easy access to Downtown Seattle and South Lake Union as well as to an abundance of neighborhood restaurants, retail, and everyday amenities. Public transportation options are outstanding, with a light rail station and seven bus lines within a 10-minute walk, providing seamless connectivity throughout Seattle and the greater metropolitan area. Residents benefit from quick, convenient transit to major employment centers, entertain
