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1111 18th Ave Seattle WA 98122
Listing #: 685236 | Status: Available | Last Modified: 11/25/2025
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 144,903 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 54,939 |
| Net Operating Income | 82,718 |
| CAP Rate | 4.74 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 4.740 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| # of Units | 8 |
| Total Building SF | 5,468 SF |
| Net Rentable Area | 5,468 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 7,187 SF |
| Acres | 0.17 |
| Year Built | 1900 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | Capitol Hill/First Hill |
| Tax ID # | 7234600910 |
| Zoning | LR3 (M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 0 |
| Total Parking Spots | 0 |
SEE_NOTES
Beyond the English laurel and torii gate, this 5,500 SF Federal Avenue style colonial revival found new life under the meticulous care of its carpenter-owner as Laurel Gate—8 distinctive apartments. Relish 124-yr-old fir floors, balconies, exposed brick fireplaces, fanciful attic lofts and repurposed wood details throughout. Each home reveals a bespoke layout brimming with character to bring in top rent. A seismic retrofit, new plumbing and wiring, added insulation and upgrades at every turn beam with pride of ownership. From the lush front lawn and communal garden shed to the secure mailbox, shared laundry and alley parking, a sense of community and stewardship retains tenants. The 7200 SF lot with LR3 zoning offers development potential.
1111 18th Avenue
1111 18th Ave Seattle WA 98122
Listing #: 685236 | Status: Available | Listing Date: 8/8/2024 | Last Modified: 11/25/2025 | Email Listing