Property Details
1120 N 91st Street
Seattle, WA 98103
$1,567,500
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Property Overview
8-unit building offering strong income potential and flexible operating strategies. Property is configured as hotel-style studios, each with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, allowing investors to operate as short-term or extended-stay lodging, or reposition as long-term rentals for stable cash flow. Features include high rent-per-square-foot potential, value-add upside, and ground-level parking with 8 spaces. Storage room on second floor is plumbed for laundry. First time on market; original owner with recent roof and major cap improvements completed. Convenient location with quick access to I-5 and Hwy 99, and close proximity to downtown, supporting strong and consistent rental demand.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Licton Springs
Listed
Mar 13, 2026
Financial Summary
Cap Rate
6.60%
Net Operating Income
$103,152
Gross Scheduled Income
$134,400
Gross Rent Multiplier
11.00
Total Expenses
$27,216
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
3,200
Leasable Area
3,200 sqft
Total Units
8
Zoning
Commercial,Multi-Family,Residential,Retail
Possible Use
Commercial, Multi-Family, Residential, Retail
Lot Size
3,759 sqft
Year Built
1986
Exterior & Lot
Lot Size
0.09 sqft
Year Built
1986
Garage
5 spaces
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Sidewalk
Exterior Features
Metal/Vinyl
Location
City
Seattle
County
King
Coordinates
47.69512, -122.34355
Additional Information
Tax Year
2025
Annual Taxes
$11,916
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 9:15 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
