Property Details
1814 E Denny Way
Seattle, WA 98122
$2,500,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 12
Property Overview
Located along a quiet residential street between the vibrant 15th Avenue and 19th Avenue commercial corridors, Mod 19 offers residents immediate access to Capitol Hill’s restaurants, coffee shops, boutiques, grocery stores, and neighborhood amenities. Broadway, the Pike/Pine Corridor, Volunteer Park, and the Capitol Hill Light Rail Station are all within close walking distance, providing convenient access to Downtown Seattle, South Lake Union, the University District, and SeaTac Airport. Situated on a 4,000 square foot LR3-zoned lot, the property consists of eight thoughtfully designed units including four studios averaging approx. 255 SF, three 2BR/1BA units averaging approx. 620 SF, and a two-story penthouse 2BR/2BA unit totaling approx. 923 SF with expansive city, lake, and mountain views from the living room and private rooftop deck. The property features modern finishes throughout including granite countertops, stainless steel appliances, in-unit laundry, tile bathrooms, vinyl plank flooring, and large dual-pane vinyl windows. Additional features include hydronic radiant floor heating, individual hot water tanks, and modern electrical, plumbing, roofing, siding, and window systems consistent with newer construction standards. With modern design, durable construction, and an irreplaceable Capitol Hill location, Mod 19 Apartments offers investors a compelling combination of strong tenant demand, operational efficiency, and long-term appreciation potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
May 26, 2026
Structure Type
Multi Family
Parcel Number
5707500035
Tax & HOA
Annual Property Tax
$23,837 (2026)
Est. Monthly Tax
$1,986/mo
Financial Summary
Cap Rate
5.03%
Net Operating Income
$125,756
Gross Scheduled Income
$194,580
Gross Rent Multiplier
12.85
Total Expenses
$59,095
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,051
Leasable Area
3,804 sqft
Total Units
8
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
3,999 sqft
Year Built
2014
Exterior & Lot
Lot Size
0.09 sqft
Year Built
2014
Exterior Materials
See Remarks
Sewer
Sewer Connected
Lot Features
Paved
Exterior Features
See Remarks
Community & Access
Directions
From I-5 N: Take Exit 165, R on Madison, L on 19th Ave, L on E Denny Way, Prop on R. From I-5 S: Take Exit 166, R on Steward, L on Denny, L on E Olive, Cont on E John St, R on 15th Ave E, L on Denny
Location
City
Seattle
County
King
Coordinates
47.61873, -122.30807
Additional Information
Tax Year
2026
Annual Taxes
$23,837
Possession
Array
