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Edgene Apartments
403 E Thomas St Seattle WA 98102
Listing #: 709365 | Status: Available | Last Modified: 4/7/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 227,886 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 86,118 |
| Net Operating Income | 130,373 |
| CAP Rate | 4.73 % |
| 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 | 4.729 |
| 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
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
Edgene Apartments
403 E Thomas St Seattle WA 98102
Listing #: 709365 | Status: Available | Listing Date: 3/3/2026 | Last Modified: 4/7/2026 | Email Listing
For Sale
Edgene Apartments
