403 E Thomas Street #1-9

Seattle, WA 98102

  • Bed

  • Bath

  • 9828 SqFt

  • 1 DOM

  • Built: 1966

  • Status: Active

$3,199,500

X

403 E Thomas Street #1-9

Seattle 98102

$3199500

  • Bed

  • Bath

  • 9828 SqFt

  • 1 DOM

  • Built: 1966

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

A rare opportunity to acquire a well-maintained 9-unit property in one of Seattle’s most desirable rental markets. Built in 1966, this classic midcentury asset combines strong in-place income with meaningful upside potential in a premier Capitol Hill location. With a Walker’s Paradise score of 95, it offers easy access to Downtown & SLU as well as to an abundance of neighborhood restaurants & retail. Within a 10-min walk there are 7 bus lines and a light rail station. The building features a highly rentable unit mix consisting of 4 two-beds, 4 one-beds, and 1 studio. There is a ±1,200-SF top-floor penthouse unit – ideal for an owner-occupant – offering two bedrooms plus a den, one-and-a-half bathrooms, and sweeping Downtown and Space Needle views. Edgene Apartments has been thought fully maintained and upgraded, including updated dual-pane windows, in-unit laundry and dishwashers in all units other than the studio, and elevator service. The property also offers an uncommon 11 parking spaces – 9 off-street and 2 garage – providing a valuable amenity in this dense urban neighborhood. New ownership may realize approximately ±20% income growth by raising rents to market, implementing RUBS, and monetizing parking. Condo documents are already in place comprising 12 parcels (1 for the land, 2 for parking, and 9 individual unit parcels), creating flexibility for future sell-off strategies and providing investors with both income growth potential and long-term disposition optionality.

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Residence Information

  • 9828

  • Flat

  • 2,

  • 55 - 5-9 Units

  • 1966

  • Coin Op Laundry, Elev

Features and Utilities

  • Brick, Stucco

  • Public

  • Sewer Connected

  • 0

Financial

  • 25081

  • Cash, Conventional

  • 03-03-2026

Comparable Information

  • 1

  • 1

  • Cash, Conventional

  • $3,199,500

  • $3,199,500

  • Mar 03, 2026 21:31

Schools

Elementary : Lowell N/A Ratings
Middle : Meany Mid N/A Ratings
High : Garfield High N/A Ratings

Map

Listing courtesy of Kidder Mathews.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Mar 04, 2026 13:50 | Listing last modified Mar 03, 2026 21:31. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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