The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).
| MLS # | 2564376 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 20 |
| Listing Provided By | Paragon Real Estate Advisors | Will Douglas |
| SQ Feet | 8,580 |
|---|---|
| Story(s) | 2 |
| Units | 12 |
| Acreage | 0.17 |
| Property | 30000 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98109 |
| Area | 390 Central Seattle |
| Community Name | South Lake Union |
| Listing VS Median (in South Lake Union) | |
Price: $2,800,000 low | high Med: $525,000 sqft: 8,580 low | high Med: 911 $ / sqft: $326 low | high Med: $576 On site: 20 low | high Med: 37 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98109 |
| Area | 390 Central Seattle |
| Community Name | South Lake Union |
| Listing VS Median (in South Lake Union) | |
Price: $2,800,000 low | high Med: $525,000 sqft: 8,580 low | high Med: 911 $ / sqft: $326 low | high Med: $576 On site: 20 low | high Med: 37 | |