LISTING DETAILS

Casa Del Rey

321 Broadway E Seattle WA 98102

Listing #: 705829 | Status: Available | Last Modified: 3/3/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	708,074
Vacancy Factor %	0.00%
Operating Expenses	303,597
Net Operating Income	404,477
CAP Rate	6.52 %

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

Retail Asset Class Info
Crane Tonnage	0

Financial Summary
CAP Rate	6.524

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	3
# of Units	30
Total Building SF	15,560 SF
Net Rentable Area	15,560 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	5,663 SF
Acres	0.13
Year Built	1910

Property Type
Property Type	Multi-Family
Investment	Yes

Location
County	King
Vicinity	Capitol Hill
Cross Street	Harrison and East Thomas
Market Area	Capitol Hill/First Hill
Tax ID #	6850700380
Zoning	NC3P-75(M1)

Casa Del Rey

Public Comments

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.

Casa Del Rey
321 Broadway E Seattle WA 98102

Listing #: 705829 | Status: Available | Listing Date: 12/3/2025 | Last Modified: 3/3/2026 | Email Listing

For Sale

Casa Del Rey

Listing Images