WA > Seattle > Queen Anne
Seattle, WA 98119,603 3rd AVE W
$5,150,000
$5,400,000 4.6%
Est. payment /mo
12 Beds
24 Baths
12,510 SqFt
Sold on 05/20/2025

603 3rd AVE W Seattle, WA 98119

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Key Details

Sold Price $5,150,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,510 sqft

Price per Sqft $411

Subdivision Queen Anne

MLS Listing ID 2348870

Style 56 - 10+ Units

Bedrooms 12

Year Built 1929

Annual Tax Amount $50,397

Lot Size 10,300 Sqft

Property Sub-Type Multi Family

Property Description

The Regan Lee's 24 spacious studio and one-bedroom units showcase original hardwood floors, mahogany doors, rich wood trim, arched entryways, and abundant natural light, preserving the elegance of a bygone era. The property also features eight garage stalls along the alley, providing both parking convenience and additional income. With current rents well below market, The Regan Lee offers a compelling opportunity to increase NOI through strategic renovations and rent optimization. Additionally, investors may explore redevelopment potential of the existing garage space to add units and further maximize value (buyer to verify).

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Ceramic Tile, Hardwood

Exterior

Exterior Feature Brick, Wood

Amenities Available Fenced-Partially

View Y/N Yes

View City

Roof Type Flat

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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DJ Gee

DJ Gee

+1(253) 363-0413

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Phone*
Message

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