Property Details
2201 S Main Street
Seattle, WA 98144
$2,499,900
Active
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Property Overview
Well positioned between Downtown Seattle and Lake Washington, Hill Town Apartments boasts a “Walker’s Paradise” Walk Score of 94, placing residents steps from the Central District's restaurants, coffee shops, parks, and entertainment. The 12-unit community is evenly split between one- and two-bedroom homes, averaging 733 square feet, with every unit featuring a private deck and spacious layout. On-site parking totals 12 spaces, of which 6 are covered and 6 is off-street. The property has been well-maintained with updated electrical panels and dual-pane windows throughout. Select units feature upgraded flooring, bathrooms, and kitchens, reducing near-term capex exposure for a new owner. In-place rents average $2.24/SF, offering likely upside as unit renovations continue and turnover allows repositioning toward market rates. Offered at just over $208,000 per unit and $284 per square foot, Hill Town Apartments presents an opportunity to acquire a well-located, value-add asset in one of Seattle's most connected in-city neighborhoods.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Central Area
Listed
Aug 11, 2026
Structure Type
Multi Family
Parcel Number
3646100310
Tax & HOA
Annual Property Tax
$37,272 (2026)
Est. Monthly Tax
$3,106/mo
Financial Summary
Cap Rate
7.25%
Net Operating Income
$181,313
Gross Scheduled Income
$276,495
Gross Rent Multiplier
9.04
Total Expenses
$81,357
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
9,300
Leasable Area
9,300 sqft
Total Units
12
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,002 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1967
Exterior Materials
Brick, Stucco
Sewer
Sewer Connected
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Brick, Stucco
Community & Access
Directions
Property is located on the Southeast corner of S Main St and 22nd Ave S.
Location
City
Seattle
County
King
Coordinates
47.60013, -122.30296
Additional Information
Tax Year
2026
Annual Taxes
$37,272
Possession
Array
Based on information submitted to the MLS GRID as of August 12, 2026 1:00 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.
