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605 E Denny Way
Seattle, WA 98122 Capitol Hill

$5,395,000 USD

Apartments For Sale • 15,325 SF

Property Details

Property Type Apartments
Total Building Size 15,325 SF
Lot Size 0.12 AC
Building Class C
Year Built 1927
Cap Rate 5.13 %
Zoning MR (M)

91 Transit Score

98 Walk Score

                
                    Highlights
                
                                Excellent Capitol Hill location close to Broadway and Pike/Pine Corridor
                            
                                Trophy “classic-brick” property with old-world character and detailing
                            
                                Attractive seller financing: $2.8MM down-payment, 5% Interest-only for 3 years
                            
                                30 units: Mix of large studios, one-bedroom and two-bedroom floorplans
                            
                                Well-maintained and updated building with professional management
                            
                                Updated systems: new central boiler, well-maintained roof, upgraded Square D breaker panels, plumbing partially replaced

Property Flyers

605 E Denny Way - RPI

Financial Summary (Actual)

Net Operating Income: $276,997 USD (2024)

Cap Rate:	5.13 %
Total Expenses:	$231,403 USD

Amenities

Laundry Facilities
Heating
Vintage Building
Hardwood Floors
High Speed Internet Access
Refrigerator
Oven
Range
Views

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	6 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
Broadway And Denny (First Hill Streetcar - City of Seattle)	0 min	3 min	0.2 mi
Capitol Hill Station (Northgate - Angle Lake - Sound Transit)	1 min	4 min	0.3 mi
Broadway & Pike-Pine (First Hill Streetcar - City of Seattle)	1 min	7 min	0.4 mi
Broadway & Marion (First Hill Streetcar - City of Seattle)	2 min	12 min	0.6 mi
Terry & Thomas (South Lake Union Streetcar - Seattle Streetcar)	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	24 min	-	15.3 mi
Seattle Paine Field International	33 min	-	23.1 mi

Ryan Iles 206-812-9119 Paragon Real Estate Advisors

605 E Denny Way Seattle, WA 98122 Capitol Hill