525 E Roy Street, Seattle, WA 98102

Property Description

Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 5.4% cap rate and 11.5 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 5.8% cap rate and 10.8 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 2:19PM

Listing Office:

Kidder Mathews : 360-705-2800

Listing Agent:

Dan Swanson : 360-705-2800

MLS ID:

2524172

Interior

• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Thermal Windows

Exterior

• General: Metal/Vinyl
• Parking: Parking spaces: 6

Construction

• Roofing: Flat
• General: 56 - 10+ Units

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 6848200380
• View: CityLakePartialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls