403 E Thomas Street #1-9, Seattle, WA 98102
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: dan swanson
Office: kidder mathews
MLS#:2512757
Source:NWMLS
403 E Thomas Street #1-9,Seattle, WA 98102
$2,800,000
- - Beds
- - Baths
- 9,828 sq. ft.
- Multi-family
- Active
Price summary
- Price:$2,800,000
- Price per sq. ft.:$284.9
About this home
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....
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Home facts
- Year built:1966
- Listing ID #:2512757
- Updated:April 25, 2026 at 11:03 AM
Rooms and interior
- Living area:9,828 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Roof:Flat Roof
- Year built:1966
- Building area:9,828 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Corner, Curbed Lot, Paved, Sidewalk
- Construction Materials:Brick Exterior Finish, Stucco Exterior Finish
Schools
- High school:Garfield High
- Middle school:Meany Mid
- Elementary school:Lowell
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$2,800,000
- Price per sq. ft.:$284.9
- Tax amount:$25,081 (2026)
Parking
- Total parking spaces:11
- Garage:Yes
- Garage spaces:2
- Carport spaces:5
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