213 1st Avenue S Seattle, WA $ 5,200,000
213 1st Avenue S
$ 5,200,000
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213 1st Avenue S

Seattle, WA, 98104
$ 5,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 32,441

Listed by COMPASS
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Commercial Property for sale in Seattle, WA

for $5,200,000. This building was built in 1900 on a lot size of 0.0764.

Invest in a piece of Seattle’s storied past with this turnkey mixed-use property in Pioneer Square. Built in 1900, this well maintained 4 story building blends historic character with modernity, for dependable returns and future growth. Residential units offer 13 tastefully designed units, including 4 upscale penthouses with rooftop decks, 4 spacious lofts, 4 micro lofts, and 1 large studio. Units feature open layouts, contemporary finishes, and rich hardwood flooring, with on-site laundry and an elevator. On the ground level, two retail spaces are fully leased, ensuring steady cash flow. Set on bustling 1st St with street parking and a Walk Score of 96, this asset stands as a dynamic investment opportunity in the heart of Pioneer Square.

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Commercial Active

Price

$ 5,200,000

Property Type

Commercial

Taxes

$ 35,662

Style

Comm Bldg Ovr 10K

Lot Size

0.0764

Year Built

1900

Town/City

Seattle

County/Region

King

MLS | Web ID

2334620

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Radiator
Possession Closing
HOA Fee 0
Year Built 1900
Property Subtype Commercial Industrial
Tax Year 2025
County King
Net Operating Income 321455
Insurance Expense 30649
Property Type Commercial Sale
HOA N
Subdivision Name Pioneer Square
Possible Use Residential Retail
Building Features Elevator
Special Listing Conditions None
Status Active
Directions On the West side of 1st Street between S Washington St and S Main St.
City Seattle
Senior Community Y/N N
Zoning Description Residential Retail
Number Of Units Total 15
MLS Area 701 - Belltown/Downtown Seattle
Lot Size Units Square Feet
Lot Size Square Feet 3330
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 35662
Electric Expense 12692
Fuel Expense 12692
Public Remarks Invest in a piece of Seattles storied past with this turnkey mixed-use property in Pioneer Square. Built in 1900 this well maintained 4 story building blends historic character with modernity for dep
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 32690
Water Sewer Garbage 12692
Property Style 61 - Comm Bldg Ovr 10K
Cap Rate 6.18
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Exterior
Exterior Amenities Brick
Water Source Public
Total Parking 0
Building Area Total 0
Lot Size Acres 0.0764
Irrigation Water Rights Y/N N
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Interior
Flooring Ceramic Tile Hardwood Carpet
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2334620
Street Number 1 213
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* Excluded Features
List By
Ben Kaufman

Listing Agent

Compass

Broker

Affordability Calculator

$35,413
Per Month
92%
8%
0%
Monthly Principal & Interest
$32,441
Monthly Property Taxes
$2,972
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2025$5,200,000 -5.45% Price Down
2/20/2025$5,500,000 Listed Price

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213 1st Avenue S, Seattle, WA, 98104 is a Commercial Property for sale at $5,200,000 with a lot size of 0.0764. 213 1st Avenue S was built in 1900. The property's zip code is 98104 which is in Seattle, WA