Listing
$2,900,000
1818 Ha••••• Ave (Sign up for 50 free credits to unlock)Seattle, WA 98122
Property Description
12-unit multifamily investment opportunity located in Seattle's Capitol Hill neighborhood directly adjacent to Seattle Central College and the Capitol Hill Link Light Rail Station. Built in 1959, Harvard Court is situated on an 8,960 SF lot and offers strong in-place income with additional rental upside potential. Property features excellent access to downtown Seattle, with a direct light rail connection to Westlake Station in approximately 4 minutes. The location provides walkable access to shopping, dining, nightlife, and major employment centers throughout Capitol Hill and downtown. Zoned MIO-105-NC3-55 (M), the site also offers future redevelopment potential with zoning allowing heights up to 105 feet across a variety of permitted uses. Rare opportunity to acquire a well-located multifamily asset in one of Seattle's strongest urban rental markets.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Jun 10, 2026
- Price per Sq Ft
- $366/sqft
- ZIP Code
- 98122
- Heating
- Baseboard
- Construction
- Wood, Wood
- Property Tax (2026)
- $43,926/yr
- Assessed Value
- $4,257,000
- Last Sold
- $1,973,200 · May 30, 2012
- Neighborhood
- Capitol Hill
- County
- King
- School District
- Seattle Public Schools
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Land Info
- Lot Size Acres: 0.2057
- Lot Size Square Feet: 8960
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
Rental Info
- Gross Scheduled Income: 286200
- Leasable Area: 8462
Commercial Info
- Net Operating Income: 198914
- Operating Expense: 103001
Multi-Unit Info
- Number of Units: 12
Garage and Parking
- Covered Spaces: 0
- Open Parking: No
- Parking Total: 6
School Information
- Elementary School: Lowell
- High School: Garfield High
- High School District: Seattle
- Middle School: Meany Mid
- School District: Seattle
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
- Number of Fireplaces: 0
Other Property Info
- Annual Tax Amount: 32462
- Source Listing Status: Active
- County: King
- Cap Rate: 6.42
- Directions: From I-5, take Olive Way exit eastbound. Continue on Olive Way and turn left onto Harvard Ave. Property located adjacent to Capitol Hill Light Rail Station and Seattle Central College.
- Tax Year: 2026
- Other Expense: 44955
- Insurance Expense: 7200
- Area: 390 - Central Seattle
- List Development Name: Seattle
- Source Neighborhood: Seattle
- Parcel Number: 6003001290
- Subdivision: Seattle
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Year Built: 1959
- Building Area Total: 7920
- Building Area Units: Square Feet
- Construction Materials: Wood, Wood
- Property Age: 67
- Roof: Flat
- Building Total Stories: 3
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
- Year Built Effective: 1959
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Aug 2, 2026 | Price Changed | $2,900,000 | $366 |
| Jun 10, 2026 | Listed | $3,100,000 | $391 |
| May 30, 2012 | Sold | $1,973,200 | $249 |
| Nov 29, 2005 | Sold | $1,847,450 | $233 |
| Nov 23, 2004 | Sold | $1,407,500 | $178 |
| Sep 30, 1993 | Sold | $624,000 | $79 |
| Oct 31, 1984 | Sold | $382,615 | $48 |
| Apr 3, 1978 | Sold | $232,000 | $29 |
Location
Lat 47.61825 · Lng -122.32186