About this home

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).

Exterior features

Wood

Property details

Heating: See Remarks, Wall Furnace
Cooling: None
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $30,000 (2025)

Estimate your monthly payment

$16,658/mo

Principal & interest: $14,158
Property taxes: $2,500

Down payment (20%) $560,000 Interest rate (%) Loan term (years)

Loan amount $2,240,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98109

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Paragon Real Estate Advisors— Will Douglas.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.