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1818 Harvard Ave
Seattle, WA 98122
Multifamily Property For Sale
·
12 Units
Executive Summary
Cushman & Wakefield Multifamily Capital Markets is pleased to present an exclusive opportunity to acquire Harvard Court, a 12-unit multifamily asset located at 1818 Harvard Ave in Seattle’s Capitol Hill neighborhood.
Built in 1959 and situated on an 8,960-square-foot site, Harvard Court offers investors a combination of immediate income, meaningful rent upside against a proven comp set, and long-term covered land optionality in one of Seattle’s most irreplaceable urban locations.
Harvard Court abuts the campus at Seattle Central College and sits directly adjacent to the Capitol Hill Link Light Rail Station’s west entry. The 4-minute rail connection to Westlake Station and downtown Seattle’s major employment centers positions Harvard Court within the tightest transit-access radius available in the Capitol Hill submarket. The site’s MIO-105-NC3-55 (M) zoning permits development up to 105 feet in height across a range of uses.
Built in 1959 and situated on an 8,960-square-foot site, Harvard Court offers investors a combination of immediate income, meaningful rent upside against a proven comp set, and long-term covered land optionality in one of Seattle’s most irreplaceable urban locations.
Harvard Court abuts the campus at Seattle Central College and sits directly adjacent to the Capitol Hill Link Light Rail Station’s west entry. The 4-minute rail connection to Westlake Station and downtown Seattle’s major employment centers positions Harvard Court within the tightest transit-access radius available in the Capitol Hill submarket. The site’s MIO-105-NC3-55 (M) zoning permits development up to 105 feet in height across a range of uses.
Property Facts
| Price Per Unit | $258,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.51% | Building Size | 8,646 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MIO105NC36, Seattle | ||
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,646 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | MIO105NC36, Seattle |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 660 |
| 2+1 | 6 | - | 820 |
Property Taxes
| Parcel Number | 600300-1290 | Improvements Assessment | $1,000 |
| Land Assessment | $4,256,000 | Total Assessment | $4,257,000 |
Property Taxes
Parcel Number
600300-1290
Land Assessment
$4,256,000
Improvements Assessment
$1,000
Total Assessment
$4,257,000
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