Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2335192MLS Provider

213 1st Avenue SSeattle, WA 98104

Multi-Family · 16,974 Sq. ft. | 0.08 Acres
$4,900,000 Active

213 1st Avenue S Overview

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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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213 1st Avenue S Facts & Features

  • Type Multi-Family
  • Sq. ft. 16,974
  • Price/Sq.ft. $289
  • Lot 0.08 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle

Income/Expenses

  • Other Expense: 31506
  • Electric Expense: 12962
  • Fuel Expense: 12962
  • Gross Scheduled Income: 480640
  • Insurance Expense: 30649
  • Net Operating Income: 324264
  • Total Expenses: 136703
  • Total Monthly Income: 32790
  • Water/Sewer/Garbage: 12962

Building Information

  • New Construction: No
  • Year Built: 1900

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 701 - Belltown/Downtown Seattle
  • Subdivision Name: Pioneer Square

Tax Information

  • Tax Annual Amount: $35,662.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 5247800110
  • Possible Use: Residential,Retail
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 16974
  • Building Area Units: Square Feet
  • Calculated Square Footage: 16974
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Heating: Yes
  • Leasable Area: 16974
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 4

Exterior

Parking Information

  • Open Parking Spaces: 0
  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Spaces: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Square Feet: 3330
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick, Log
  • Number Of Units Total: 15
  • Sewer: Sewer Connected

Unit Information

Unit 5 Details

  • Actual Rent: 1400

Unit 7 Details

  • Actual Rent: 1400

Unit 6 Details

  • Actual Rent: 1450

Unit 8 Details

  • Actual Rent: 1550

Unit 3 Details

  • Actual Rent: 1831

Unit 4 Details

  • Actual Rent: 1850

Unit 12 Details

  • Actual Rent: 1900

Unit 13 Details

  • Actual Rent: 1900

Unit 1 Details

  • Actual Rent: 2000

Unit 2 Details

  • Actual Rent: 2000

Unit 11 Details

  • Actual Rent: 2050

Unit 10 Details

  • Actual Rent: 2100

Unit 15 Details

  • Actual Rent: 2121

Unit 9 Details

  • Actual Rent: 2200

Unit 14 Details

  • Actual Rent: 7037

213 1st Avenue S Neighborhood

Community

98104 (Seattle) Demographics

39
Median Age
17,392
Population Density (per sq. mile)
51%
College Educated
$58,018
Estimated Median Income
1,091
Estimated Total Home Owners
7,546
Estimated Total Renters
13% / 87%
Estimated Owner / Renter Divide
1
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

213 1st Avenue S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

213 1st Avenue S Market Data

Based on the last 30 days in this zip code

$812,105
Average List Price
$824
Average Price per Square Foot
11
Properties Sold
139
Average Days on Market
93
Properties for Sale
Calculations provided by Reliance Network

213 1st Avenue S History

Date Event Value Agent
3/18/2026Source: NWMLS Price Reduction
$4,900,000 -5.8%
3/18/2026Source: NWMLS Price Reduction
$4,900,000 -5.8%
6/24/2025Source: NWMLS Price Reduction
$5,200,000 -5.5%
6/24/2025Source: NWMLS Price Reduction
$5,200,000 -5.5%
2/21/2025Source: NWMLS Added to Database
February 21, 2025
2/20/2025Source: NWMLS Added to Database
February 20, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021