2123 East James Street

Seattle, WA 98122

$2,500,000
Price
15
Beds
5
Baths
6,240 Sq. Ft.
$401 / Sq. Ft.
6,240
Sq. Ft.
$401
per Sq. Ft.
Listing provided courtesy of Nordic Real Estate

Description

The Caroline is a newly renovated multi-family property well situated on Capitol Hill just a half mile from Seattle University. Completely transformed in 2024, the building was stripped down to the studs and rebuilt with modern finishes, offering a fresh, high quality living experience. The five unit property boasts strong rental potential with a projected proforma cat rate of 5.7%, making it a prime investment opportunity in one of Seattle's most sought after neighborhoods. The Caroline is positioned...The Caroline is a newly renovated multi-family property well situated on Capitol Hill just a half mile from Seattle University. Completely transformed in 2024, the building was stripped down to the studs and rebuilt with modern finishes, offering a fresh, high quality living experience. The five unit property boasts strong rental potential with a projected proforma cat rate of 5.7%, making it a prime investment opportunity in one of Seattle's most sought after neighborhoods. The Caroline is positioned in a high demand area, appealing to both investors seeking solid returns and tenants looking for modern, centrally located asset.
  1. Listed by Carter Custer • Nordic Real Estate

Property Details for 2123 East James Street

Community Name
Central Area
School District
Seattle
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
12-12-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/17/2024 03:35 PM

Property Details for 2123 East James Street

StatusActive
MLS #2316642
Days on Market6
Cumulative Days on Market6
Taxes$11,701 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.06 AC / 2,660 SF
CountyKing County

Building Information for 2123 East James Street

Stories2Residences5Year Built1910Building Size-Lot Size0.06 AC / 2,660 SF

Property Information for 2123 East James Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 390 - Central Seattle
  • Block: 10
  • Elementary School: Bailey Gatzert
  • Middle Or Junior School: Wash Mid
  • High School: Garfield High
  • Directions: From I-5 take James exit, head east. Road turns into Cherry St. Turn south on 21st then east on James. Property on south side of street. GPS is accurate.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 5
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate
  • Features: Laminate Hardwood
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City
  • Water Company: City
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: KCAR - Gross Building Area
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 11
Lot Information
  • Lot Details: Alley
  • Lot Number: 19-20
  • Lot Size Source: KCAR
  • Parcel Number Free Text: 912610104008
  • Building Condition: Remodeled
  • Calculated Square Footage: 6240
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6240.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 5
  • Units Below Grade: true
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 11701
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Insurance Expense: $0
  • Net Operating Income: $142,380
  • Other Expenses: $0
  • Total Monthly Income: 0
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 900
  • Rent Unit 1: $3,250.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 1
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 900
  • Rent Unit 2: $3,250.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 1
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 900
  • Rent Unit 3: $3,250.00
  • Bedrooms Unit 3: 3
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 1
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 900
  • Rent Unit 4: $3,250.00
  • Bedrooms Unit 4: 3
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 1
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 1200
  • Rent Unit 5: $2,600.00
  • Bedrooms Unit 5: 3
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4800.0
  • Leasable Area Units: Square Feet

Property History for 2123 East James Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2123 East James Street

Taxable ValueLand$1,332,000Additions$1,000Total$1,333,000
Tax Record2022$11,701 ($975 / month)
Home Facts
Total Finished SqFt3,408 SqFtAbove Ground SqFt3,408 SqFtStories2Lot Size7,200 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Year Renovated1980ZoningLR2 (M)CountyKINGAPN912610-1040

Schools near 2123 East James Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Gatzert Elementary School
Public - PK to 5
Washington Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Nova High School
Public - 9 to 12
Rating
School
Distance
Gatzert Elementary School
PublicPK to 5

Washington Middle School
Public6 to 8

Garfield High School
Public9 to 12

Nova High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2123 East James Street, Seattle, WA 98122

2123 East James Street is a multi-family home for sale in Seattle, WA 98122. This property was listed for sale on December 12, 2024 by Nordic Real Estate, it's currently listed at $2,500,000. This listing's school district is Seattle Public Schools. Nearby schools include Gatzert Elementary School, Washington Middle School and Garfield High School. 2123 East James Street is a 15-bed, 5-bath, 6,240 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nordic Real Estate

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.