1111 18th Avenue
Seattle, WA 98122
0.17 acres | #2422561
Description
Investor alert! LR3-zoned 7,200 SF lot in Capitol Hill with alley access & flat topography—ideal for townhomes or multifamily redevelopment. Meanwhile, collect income from the fully leased 9-unit Laurel Gate Apartments, a 5,200 SF Colonial Revival reimagined into 8 charming apartments plus landlord’s unit. Meticulous upgrades include seismic retrofit, new plumbing/wiring, gas heat, and Thermopane windows. 7 parking stalls, shared laundry, secure mail, and strong tenant retention. Walk score 94. One mile to light rail. A rare land bank with income.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Available, Septic Design Installed
- Lot DescriptionAlley, Curbs, Paved, Sidewalk
- ViewMountain(s), Territorial
- Elementary SchoolMadrona Elementary
- Style42 - Multi-Family
- High SchoolGarfield High
- SubdivisionCapitol Hill
- Structure TypeMulti Family
- Date ListedMay 22, 2025
- Sewer InformationOn Property
- Original List Price$1,998,000
- Utility SourceAvailable
- Middle SchoolMeany Mid
- Property TypePurchase
- School DistrictSeattle
- Taxes Annual$19,756
- MLS #2422561
- Cost1998000
- MLS #2422561
- Acres0.1653
- CountyKing
- Property SubtypeLand
- Days on Market (Cumulative)118
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-09-15 17:04:10. 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.
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Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated:Â . Source: NWMLS
Provided By
Listing Agent: Edward Krigsman (#NWM4655)
Listing Office: Windermere Real Estate Co. (#NWM7181)
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