Property Details
2123 E James Street
Seattle, WA 98122
$1,880,000
Active
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Property Overview
The Caroline Apartments, a recently completely renovated 5-unit multifamily property located in the vibrant Central District of Seattle. Situated at 2123 E James Street, this property offers investors a rare opportunity to acquire a well-positioned asset in one of Seattle’s most historic and rapidly evolving neighborhoods. The property features a mix of one and two bedroom apartments, averaging an impressive 960 square feet per unit, providing residents with spacious layouts uncommon in the urban core. A must see!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Central Area
Listed
Feb 2, 2026
Original Price
$2,250,000
Financial Summary
Cap Rate
5.73%
Net Operating Income
$169,887
Gross Scheduled Income
$172,200
Gross Rent Multiplier
13.07
Total Expenses
$40,995
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,800
Leasable Area
4,800 sqft
Total Units
5
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
2,662 sqft
Year Built
1910
Exterior & Lot
Lot Size
0.06 sqft
Year Built
1910
Exterior Materials
Cement Plank, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Cement Planked, Wood
Location
City
Seattle
County
King
Coordinates
47.60700, -122.30426
Additional Information
Tax Year
2025
Annual Taxes
$11,825
Possession
Array
Based on information submitted to the MLS GRID as of May 1, 2026 12:30 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.
