Property Details
722 10th Avenue E
Seattle, WA 98102
$1,950,000
Pending
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Property Overview
Classic 1926 brick 6-unit apartment building in North Capitol Hill near Broadway & Roy. Unit mix includes two large studios and four one-bedroom units in one of Seattle’s most walkable, amenity-rich neighborhoods. Stabilized asset with strong in-place cash flow and a 5.11% cap rate, offering dependable income and long-term appreciation potential. Part of a distinctive group of four architect-designed buildings, the property retains original charm with coved ceilings, mahogany trim, and oak hardwood floors. Kitchens have been updated with modern appliances and finishes while preserving historic character. Efficient layouts feature full-depth, corner-style units with windows on three sides for abundant natural light and cross ventilation; one-bedrooms include separate dining rooms. Amenities include common laundry and individual storage lockers, supporting tenant convenience and long-term occupancy.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
King
Neighborhood
Capitol Hill
Listed
Mar 19, 2026
Structure Type
Multi Family
Parcel Number
2663000440
Tax & HOA
Annual Property Tax
$15,506 (2026)
Est. Monthly Tax
$1,292/mo
Financial Summary
Cap Rate
5.11%
Net Operating Income
$99,592
Gross Scheduled Income
$160,112
Gross Rent Multiplier
12.18
Total Expenses
$52,515
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
5,376
Leasable Area
3,960 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
3,999 sqft
Year Built
1926
Exterior & Lot
Lot Size
0.09 sqft
Year Built
1926
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Brick, Wood
Community & Access
Directions
On I-5 N, take exit 168A for Lakeview Blvd. Turn right on Lakeview Blvd E. Left on Belmont Ave E. Left on E Roy St. Continue left on E Roy St and onto 10th Ave E. Site is on the right.
Location
City
Seattle
County
King
Coordinates
47.62602, -122.31988
Additional Information
Tax Year
2026
Annual Taxes
$15,506
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 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.
