Mansion District Fourplex
Multifamily | 4 Units | $273,750/unit
Marketing description
The Mansion District Fourplex is a charming 4-unit multifamily property nestled in the heart of Seattle’s prestigious North Capitol Hill neighborhood. 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. Renowned for its upscale residential vibe, seamless access to Broadway Avenue’s vibrant shopping and entertainment scene, and proximity to the expansive 40-acre Volunteer Park, North Capitol Hill stands as a gateway to Downtown Seattle and the booming South Lake Union tech hub. 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, the Mansion District Fourplex is poised for substantial returns in a market where demand continues to outpace supply.
Investment highlights
• Premier High-End Residential Neighborhood
• Potential to raise below market rents
• Perfect Owner-Occupant property
• Exterior Brick and Stone Façade siding
• Double Pane Vinyl Windows with vents
• Parking for 2 vehicles
• 4,000 Sq.Ft. Interior Lot
• LR3 (M) Zoning
• Common Laundry Room
• Potential for redevelopment into townhomes, condos or apartments
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