Property Details
2011 E James Street
Seattle, WA 98122
$1,259,900
Pending Inspection
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Property Overview
Welcome to the one you didn't know you were looking for! Legal duplex on a quiet tree-lined street in the sought-after Central Area holds huge potential for owner-occupancy (rental income offsets your mortgage), or investors with current AirBnB on one side and long-term tenants on the other. Sited on a premier corner lot, this historic 1906 treasure features two 3BR/1BA units with full basements, gated parking & large shared yard with mature trees for privacy. Both main floor living areas feature charming built-ins, large windows, separate dining space, and eat-in kitchens. Upstairs both units feature a 3/4 bathroom and all three bedrooms on the same level. New double-pane windows, updated kitchens & baths, and separate laundry areas make both units comfortable and efficient. Commuting is a breeze from here, and restaurants, transit, parks, hospitals, schools and more are just outside your door. Development potential on the large lot (buyer to verify) while collecting rent, or renovate the whole home to suit you. One long-term tenant lease in place through 8/31/26. AirBnB income over $65K since mid-2024 launch; income statements and lease available, furniture negotiable. Cap rate/calculations based on proforma rate, buyer to verify all details.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
King
Neighborhood
Central Area
Listed
Jan 28, 2026
Original Price
$1,299,900
Structure Type
Duplex
Parcel Number
9126100430
Tax & HOA
Annual Property Tax
$9,454 (2025)
Est. Monthly Tax
$788/mo
Financial Summary
Cap Rate
4.30%
Net Operating Income
$55,911
Gross Scheduled Income
$75,000
Gross Rent Multiplier
17.33
Total Expenses
$19,089
Building & Use
Building Sq Ft
2,300
Leasable Area
2,300 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
5,401 sqft
Year Built
1906
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1906
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
Cherry to 20th Ave, head south, turn east on James. House is on the right – only enter unit #2015 (2011 is tenant-occupied).
Location
City
Seattle
County
King
Coordinates
47.60702, -122.30596
Additional Information
Tax Year
2025
Annual Taxes
$9,454
Possession
Array
Based on information submitted to the MLS GRID as of June 18, 2026 1:15 AM. 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.
