Property Details
800 Harrison Street
Seattle, WA 98109
$3,000,000
Active
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Property Overview
The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
South Lake Union
Listed
May 15, 2026
Financial Summary
Cap Rate
4.04%
Net Operating Income
$121,311
Gross Scheduled Income
$212,351
Gross Rent Multiplier
14.13
Total Expenses
$86,793
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
8,580
Leasable Area
8,580 sqft
Total Units
12
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
7,200 sqft
Year Built
1911
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1911
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Location
City
Seattle
County
King
Coordinates
47.62222, -122.34069
Additional Information
Tax Year
2026
Annual Taxes
$30,000
Possession
Array
Based on information submitted to the MLS GRID as of May 16, 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.
