1111 18th Avenue, Seattle, WA 98122
- $1,840,000
- 5,468
- SqFt
Listing Broker: Windermere Real Estate Co.; Edward Krigsman; ; Selling Office: Windermere Real Estate/East.
- Sold Price
- $1,840,000
- List Price
- $1,898,000
- Status
- SOLD
- MLS#
- 2380418
- Closing Date
- Feb 12, 2026
- Days on Market
- 286
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 5,468
- Area Total SqFt
- 5468
- Annual Tax Ammount
- 19756
- Internet Provider
- Astound Internet
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
Beyond the English laurel and torii gate, this 5,500 SF Federal Avenue style colonial revival found new life under the meticulous care of its carpenter-owner as Laurel Gate—8 distinctive apartments. Relish 124-yr-old fir floors, balconies, exposed brick fireplaces, fanciful attic lofts and repurposed wood details throughout. Each home reveals a bespoke layout brimming with character to bring in top rent. A seismic retrofit, new plumbing and wiring, added insulation and upgrades at every turn beam with pride of ownership. From the lush front lawn and communal garden shed to the secure mailbox, shared laundry and alley parking, a sense of community and stewardship retains tenants. The 7200 SF lot with LR3 zoning offers development potential.
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Additional Information
- List Date
- 2025-05-02 00:00:00
- Community
- Capitol Hill
- Net Operating Income
- $89,964
- Gross Adjusted Income
- $144,039
- Gross Scheduled Income
- $151,620
- Total Monthly Income
- $151,620
- Insurance Expenses
- $5,472
- Water/Sewer/Garbage Expenses
- $9,300
- Gross Rent Multiplier
- 13
- Total Expenses
- $54,939
- Cap Rate
- 4.46
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 1111
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1900
- View
- Mountains, Territorial
- Roof
- Composition, Flat
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, Outbuildings, Sprinkler System
- Electric Expenses
- 1044
- Other Expenses
- 18707
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Madrona Elementary
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $151,620
- Gross Scheduled Income
- $151,620
- Vacancy Rate
- 5
- Gross Adjusted Income
- $144,039
- Tax Year
- 2025
- Insurance Expense
- $5,472
- W/S/G Expenses
- $9,300
- Total Expenses
- $54,939
- Net Operating Income
- $89,964
- Gross Rent Multiplier
- 13
- Cap Rate
- 4.46
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.