1814 E Denny Way, Seattle, WA 98122

$2,500,000
4,051
SqFt

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Listing courtesy of Westlake Associates, Inc..

List Price
$2,500,000
Status
ACTIVE
MLS#
2528093
Days on Market
61
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
4,051
Area Total SqFt
4051
Annual Tax Ammount
23837
Lot Size (sq ft)
4,000
Sewer
Sewer Connected

Property Description

Located along a quiet residential street between the vibrant 15th Avenue and 19th Avenue commercial corridors, Mod 19 offers residents immediate access to Capitol Hill’s restaurants, coffee shops, boutiques, grocery stores, and neighborhood amenities. Broadway, the Pike/Pine Corridor, Volunteer Park, and the Capitol Hill Light Rail Station are all within close walking distance, providing convenient access to Downtown Seattle, South Lake Union, the University District, and SeaTac Airport. Situated on a 4,000 square foot LR3-zoned lot, the property consists of eight thoughtfully designed units including four studios averaging approx. 255 SF, three 2BR/1BA units averaging approx. 620 SF, and a two-story penthouse 2BR/2BA unit totaling approx. 923 SF with expansive city, lake, and mountain views from the living room and private rooftop deck. The property features modern finishes throughout including granite countertops, stainless steel appliances, in-unit laundry, tile bathrooms, vinyl plank flooring, and large dual-pane vinyl windows. Additional features include hydronic radiant floor heating, individual hot water tanks, and modern electrical, plumbing, roofing, siding, and window systems consistent with newer construction standards. With modern design, durable construction, and an irreplaceable Capitol Hill location, Mod 19 Apartments offers investors a compelling combination of strong tenant demand, operational efficiency, and long-term appreciation potential.

Additional Information

List Date
2026-05-26 17:43:14
Community
Capitol Hill
Net Operating Income
$125,756
Gross Adjusted Income
$184,851
Gross Scheduled Income
$194,580
Total Monthly Income
$16,215
Insurance Expenses
$3,598
Water/Sewer/Garbage Expenses
$15,398
Gross Rent Multiplier
12.85
Total Expenses
$59,095
Cap Rate
5.03
Vacancy Rate
5
Total Number of Units
8
Unit Name
1814
Potential Terms
Cash
Year Built
2014
View
City, Lake, Mountains, Territorial
Roof
Flat
Site Features
Deck, Fenced-Partially
Other Expenses
16262
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$16,215
Gross Scheduled Income
$194,580
Vacancy Rate
5
Gross Adjusted Income
$184,851
Tax Year
2026
Insurance Expense
$3,598
W/S/G Expenses
$15,398
Total Expenses
$59,095
Net Operating Income
$125,756
Gross Rent Multiplier
12.85
Cap Rate
5.03
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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