1818 Harvard Avenue, Seattle, WA 98122

$3,100,000
7,920
SqFt

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Listing courtesy of Congress Realty.

List Price
$3,100,000
Status
ACTIVE
MLS#
2539066
Days on Market
45
Style
56 - 10+ Units
Finished SqFt
7,920
Area Total SqFt
7920
Annual Tax Ammount
32462
Lot Size (sq ft)
8,960
Sewer
Sewer Connected

Property Description

12-unit multifamily investment opportunity located in Seattle’s Capitol Hill neighborhood directly adjacent to Seattle Central College and the Capitol Hill Link Light Rail Station. Built in 1959, Harvard Court is situated on an 8,960 SF lot and offers strong in-place income with additional rental upside potential. Property features excellent access to downtown Seattle, with a direct light rail connection to Westlake Station in approximately 4 minutes. The location provides walkable access to shopping, dining, nightlife, and major employment centers throughout Capitol Hill and downtown. Zoned MIO-105-NC3-55 (M), the site also offers future redevelopment potential with zoning allowing heights up to 105 feet across a variety of permitted uses. Rare opportunity to acquire a well-located multifamily asset in one of Seattle’s strongest urban rental markets.

Additional Information

List Date
2026-06-11 16:48:12
Community
Seattle
Net Operating Income
$198,914
Gross Adjusted Income
$301,917
Gross Scheduled Income
$286,200
Insurance Expenses
$7,200
Water/Sewer/Garbage Expenses
$18,384
Gross Rent Multiplier
10.83
Total Expenses
$103,001
Cap Rate
6.42
Vacancy Rate
5
Unit Name
1818
Potential Terms
Cash, Conventional
Year Built
1959
Roof
Flat
Other Expenses
44955
Energy Source
Electric
School District
Seattle
Elementary School
Lowell
Middle School
Meany Mid
High School
Garfield High
Gross Scheduled Income
$286,200
Vacancy Rate
5
Gross Adjusted Income
$301,917
Tax Year
2026
Insurance Expense
$7,200
W/S/G Expenses
$18,384
Total Expenses
$103,001
Net Operating Income
$198,914
Gross Rent Multiplier
10.83
Cap Rate
6.42
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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