Property Details
1818 Harvard Avenue
Seattle, WA 98122
$3,100,000
Active
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Property Overview
12-unit multifamily investment opportunity located in Seattle’s Capitol Hill neighborhood directly adjacent to Seattle Central College and the Capitol Hill Link Light Rail Station. Built in 1959, Harvard Court is situated on an 8,960 SF lot and offers strong in-place income with additional rental upside potential. Property features excellent access to downtown Seattle, with a direct light rail connection to Westlake Station in approximately 4 minutes. The location provides walkable access to shopping, dining, nightlife, and major employment centers throughout Capitol Hill and downtown. Zoned MIO-105-NC3-55 (M), the site also offers future redevelopment potential with zoning allowing heights up to 105 feet across a variety of permitted uses. Rare opportunity to acquire a well-located multifamily asset in one of Seattle’s strongest urban rental markets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Seattle
Listed
Jun 11, 2026
Structure Type
Multi Family
Parcel Number
6003001290
Tax & HOA
Annual Property Tax
$32,462 (2026)
Est. Monthly Tax
$2,705/mo
Financial Summary
Cap Rate
6.42%
Net Operating Income
$198,914
Gross Scheduled Income
$286,200
Gross Rent Multiplier
10.83
Total Expenses
$103,001
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
7,920
Leasable Area
8,462 sqft
Lot Size
8,960 sqft
Year Built
1959
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1959
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Community & Access
Directions
From I-5, take Olive Way exit eastbound. Continue on Olive Way and turn left onto Harvard Ave. Property located adjacent to Capitol Hill Light Rail Station and Seattle Central College.
Location
City
Seattle
County
King
Coordinates
47.61824, -122.32179
Additional Information
Tax Year
2026
Annual Taxes
$32,462
Possession
Array
Based on information submitted to the MLS GRID as of June 11, 2026 8:30 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.
