Property Details
1609 E Columbia Street
Seattle, WA 98122
$1,948,000
Active
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Property Overview
Capitol Hill Fourplex originally constructed in 1900 and extensively renovated in 2017. Building features a well-designed unit mix of one and two bedroom units. Each unit features modern finishes including updated countertops, hardwood style flooring, stainless steel appliances, contemporary cabinetry, and full-size in-unit washer and dryers. Residents benefit from secure building access and dedicated storage options, while the second and third floor units feature tall and vaulted ceilings, creating a bright and open living environment. The renovation and attractive layouts have helped support consistent occupancy and strong rental performance in one of Seattle’s most sought-after rental markets. This fourplex presents a compelling investment opportunity, currently generating $10,295 per month in gross rental income, delivering strong in-place cash flow with continued long-term stability due to the recent studs out remodel.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
Mar 31, 2026
Financial Summary
Cap Rate
4.56%
Net Operating Income
$88,892
Gross Scheduled Income
$123,540
Gross Rent Multiplier
15.70
Total Expenses
$28,471
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,039
Leasable Area
3,039 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
2,801 sqft
Year Built
1900
Exterior & Lot
Lot Size
0.06 sqft
Year Built
1900
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood Products
Location
City
Seattle
County
King
Coordinates
47.60902, -122.31100
Additional Information
Tax Year
2025
Annual Taxes
$12,071
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
