Property Details

The 10th Avenue Apartments is a classic 1926 brick apartment building located in the desirable north Capitol Hill neighborhood near the Broadway and Roy Street intersection. The property consists of six units including two large studios and four one-bedroom apartments, offering an attractive unit mix in one of Seattle’s most walkable and amenity-rich neighborhoods.The building presents a rare opportunity to acquire a stabilized asset with strong in-place cash flow in a premier Capitol Hill location. Currently operating at an in-place cap rate of 5.11%, the property offers investors dependable income combined with long-term appreciation potential in one of Seattle’s most historically resilient rental markets.Constructed in the late 1920s, the 10th Avenue East Apartments is part of a distinctive architectural grouping of four matching buildings designed by the same architect and located along this quiet residen-tial stretch of 10th Avenue East. The building retains much of its original character and period detailing, creating a level of charm that is difficult to replicate in modern construction.Several units feature original architectural elements including coved ceilings, mahogany doors and trim, and Swedish oak hardwood floors. Over the years the kitchens have been thoughtfully updated with modern appliances and contemporary countertops while maintaining the building’s historic integrity.The unit layouts are particularly appealing. Each apartment spans the full east-west depth of the building, creating true corner-style units with windows on three sides that allow for abundant natural light and excellent cross ventilation. The one-bedroom units also feature separate dining rooms adjacent to the living areas, a classic design element that enhances both functionality and livability.The building also includes a common laundry room with individual storage lockers for each unit, providing practical amenities that are highly valued by tenants and help support long-term occupancy.