USAWASeattleCapitol HillApt-1-9-403 E Thomas St
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$3,199,500

For Sale

A day ago

APT-1-9 - 403 E Thomas St, Seattle, WA

MLS® 2487185

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $25,081
Days Active 1
Lot Size 0.0974 acres
Approx. Age 1966
MLS® Number 2487185

Property Address: apt-1-9-403 E Thomas St, Seattle, WA, 98102-5206

Average square foot calculated using Size range provided by listing agent.

Description

A rare opportunity to acquire a well-maintained 9-unit property in one of Seattle’s most desirable rental markets. Built in 1966, this classic midcentury asset combines strong in-place income with meaningful upside potential in a premier Capitol Hill location. With a Walker’s Paradise score of 95, it offers easy access to Downtown & SLU as well as to an abundance of neighborhood restaurants & retail. Within a 10-min walk there are 7 bus lines and a light rail station. The building features a highly rentable unit mix consisting of 4 two-beds, 4 one-beds, and 1 studio. There is a ±1, 200-SF top-floor penthouse unit – ideal for an owner-occupant – offering two bedrooms plus a den, one-and-a-half bathrooms, and sweeping Downtown and Space Needle views. Edgene Apartments has been thought fully maintained and upgraded, including updated dual-pane windows, in-unit laundry and dishwashers in all units other than the studio, and elevator service. The property also offers an uncommon 11 parking spaces – 9 off-street and 2 garage – providing a valuable amenity in this dense urban neighborhood. New ownership may realize approximately ±20% income growth by raising rents to market, implementing RUBS, and monetizing parking. Condo documents are already in place comprising 12 parcels (1 for the land, 2 for parking, and 9 individual unit parcels), creating flexibility for future sell-off strategies and providing investors with both income growth potential and long-term disposition optionality.
MLS® Number2487185
Laundry Level
Central VacNo
FireplaceNo
Acreage0.0974
Exterior
GarageYes
Approx. Age1966
Basement
Driveway
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 3, 2026List Date
$3,199,500List Price
  • Commute

Commute

Starting Address
Destination Address
403 E Thomas St, Seattle, WA

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