Property Photo: 314 E Mercer Street WA 98102

Sold

Listing Courtesy of:

Northwest MLS as distributed by MLS GRID / Windermere NW / Jed Kliman and Compass

314 E Mercer Street Seattle, WA 98102

Sold on 07/31/2024

$1,150,000 ^(USD)

4,595

SQFT

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Description

Huge price drop! This classic 5-unit apartment building in prime Capitol Hill location offers the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Nice mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.8 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill + downtown.

Sold Date:
07/31/2024

Taxes
$13,182(2024)

Lot Size
2,400 SQFT

Type
Multifamily

Year Built
1909

Style
5-9 Units

Views
City, Partial, Territorial, Mountain(s)

School District
Seattle

County
King County

Community
Capitol Hill

Listed By

Jed Kliman, Windermere NW

Bought with
Colin Foote, Compass

Source
Northwest MLS
Last checked Apr 4 2026 at 6:08 AM PDT

Bathroom Details

Interior Features

Hardwood
Concrete
Fir/Softwood
Wall to Wall Carpet

Subdivision

Capitol Hill

Lot Information

Alley
Corner Lot
Curbs
Sidewalk
Paved

Property Features

Deck
Fenced-Partially
Gas Available
Cable Tv
High Speed Internet
Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Stove/Free Standing

Flooring

Concrete
Hardwood
Carpet
Softwood
Vinyl Plank

Exterior Features

Wood
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Natural Gas

School Information

Elementary School: Lowell
Middle School: Meany Mid
High School: Garfield High

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Jun 21, 2024

Price Changed

$1,250,000

-7%

-$95,000

May 22, 2024

Price Changed

$1,345,000

-4%

-$50,000

Mar 20, 2024

Listed

$1,395,000

Additional Listing Info

Buyer Brokerage Compensation: 3.0

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.

Based on information submitted to the MLS GRID as of 4/3/2026 23:08. 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.