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Edgene Apartments
403 E Thomas St Seattle WA 98102
Listing #: 709365 | Status: Available | Last Modified: 5/21/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 235,239 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 86,486 |
| Net Operating Income | 136,991 |
| CAP Rate | 5.31 % |
| 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 | 5.313 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 9 |
| # of Elevators | 1 |
| Clearance Height Min | 0 |
| Total Building SF | 9,828 SF |
| Net Rentable Area | 6,420 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 4,241 SF |
| Acres | 0.1 |
| Year Built | 1966 |
| Year Renovated | 1987 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Market Area | Capitol Hill/First Hill |
| Tax ID # | 2264000000 |
| Zoning | MR(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 2 |
| # Uncovered Spaces | 9 |
| Total Parking Spots | 11 |
| Parking Ratio | 0 |
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
Edgene Apartments
403 E Thomas St Seattle WA 98102
Listing #: 709365 | Status: Available | Listing Date: 3/3/2026 | Last Modified: 5/21/2026 | Email Listing
For Sale
Edgene Apartments
