Description
Investor alert! LR3-zoned 7,200 SF lot in Capitol Hill with alley access & flat topographyideal for townhomes or multifamily redevelopment. Meanwhile, collect income from the fully leased 9-unit Laurel Gate Apartments, a 5,200 SF Colonial Revival reimagined into 8 charming apartments plus landlord's unit. Meticulous upgrades include seismic retrofit, new plumbing/wiring, gas heat, and Thermopane windows. 7 parking stalls, shared laundry, secure mail, and strong tenant retention. Walk score 94. One mile to light rail. A rare land bank with income.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Information
Listing information ©2025 Northwest MLS. Listing courtesy of Windermere Real Estate Co..
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Description
Investor alert! LR3-zoned 7,200 SF lot in Capitol Hill with alley access & flat topographyideal for townhomes or multifamily redevelopment. Meanwhile, collect income from the fully leased 9-unit Laurel Gate Apartments, a 5,200 SF Colonial Revival reimagined into 8 charming apartments plus landlord's unit. Meticulous upgrades include seismic retrofit, new plumbing/wiring, gas heat, and Thermopane windows. 7 parking stalls, shared laundry, secure mail, and strong tenant retention. Walk score 94. One mile to light rail. A rare land bank with income.
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