The Mansion District Fourplex is a charming 4-unit multifamily property nestled in the heart of Seattle’s desirable North Capitol Hill neighborhood next to Volunteer Park. Two units are nonconforming units, but can be permitted with SDIC as a value-add opportunity (buyer to verify). This historic gem, built in 1905, blends timeless appeal with modern potential, offering investors a rare chance to capitalize on one of the city’s most desirable areas. Whether you’re looking to boost rental income through market-rate adjustments, legalize the two lower non-conforming units for added value, owner-occupy a unit while generating passive revenue, or redevelop the site into higher-density housing, this fourplex is poised for substantial returns in a market where demand continues to outpace supply.
| MLS # | 2542462 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 83 |
| Listing Provided By | Westlake Associates, Inc. | Chad Michael Martini |
| SQ Feet | 2,400 |
|---|---|
| Story(s) | 3 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.09 |
| Property | 12473 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98102 |
| Area | 390 Central Seattle |
| Community Name | North Capitol Hill |
| Listing VS Median (in North Capitol Hill) | |
Price: $1,095,000 low | high Med: $1,275,000 sqft: 2,400 low | high Med: 1,821 $ / sqft: $456 low | high Med: $700 On site: 83 low | high Med: 32 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98102 |
| Area | 390 Central Seattle |
| Community Name | North Capitol Hill |
| Listing VS Median (in North Capitol Hill) | |
Price: $1,095,000 low | high Med: $1,275,000 sqft: 2,400 low | high Med: 1,821 $ / sqft: $456 low | high Med: $700 On site: 83 low | high Med: 32 | |
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