317 18th Avenue E, Seattle, WA 98112
- $1,995,000
- 8,244
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,995,000
- Status
- PENDING
- MLS#
- 2518006
- Days on Market
- 82
- Style
- 55 - 5-9 Units
- Finished SqFt
- 8,244
- Area Total SqFt
- 8244
- Annual Tax Ammount
- 19767
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
The Wiltona Apartments consist of six oversized three-bedroom residences. Originally constructed in 1916, the property offers a level of charm and craftsmanship rarely replicated in modern construction. Combining classic architectural appeal with generously sized 1,374 square foot units, the Wiltona presents a rare opportunity for investors seeking stable long-term ownership, rental upside, and enduring demand in one of Seattle’s premier multifamily markets. Building systems include radiant heat served by a gas boiler, a combination of updated and legacy electrical panels, and upgraded double-pane vinyl windows. Additional tenant amenities include four off-street parking spaces, common laundry facilities, and substantial basement storage. Located in the heart of Capitol Hill, the Wiltona benefits from one of Seattle’s most vibrant and supply-constrained rental submarkets. Residents enjoy exceptional walkability with immediate access to acclaimed dining, nightlife, shopping, and neighborhood amenities, as well as convenient transit connections to Downtown Seattle, South Lake Union, the University District, and other major employment centers. Capitol Hill’s continued popularity among professionals, students, and creatives supports strong occupancy and consistent rent growth. For investors, the Wiltona offers an exceptional blend of historic charm, future value-add potential, long-term appreciation, and lasting market appeal.
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Additional Information
- List Date
- 2026-05-05 19:14:14
- Community
- Capitol Hill
- Net Operating Income
- $127,205
- Gross Adjusted Income
- $216,253
- Gross Scheduled Income
- $227,634
- Total Monthly Income
- $18,670
- Insurance Expenses
- $12,000
- Water/Sewer/Garbage Expenses
- $25,643
- Gross Rent Multiplier
- 7.02
- Total Expenses
- $89,048
- Cap Rate
- 6.19
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 317
- Potential Terms
- Cash, Conventional
- Year Built
- 1916
- Roof
- Flat
- Other Expenses
- 31638
- Energy Source
- Natural Gas
- School District
- Seattle
- Total Monthly Income
- $18,670
- Gross Scheduled Income
- $227,634
- Vacancy Rate
- 5
- Gross Adjusted Income
- $216,253
- Tax Year
- 2026
- Insurance Expense
- $12,000
- W/S/G Expenses
- $25,643
- Total Expenses
- $89,048
- Net Operating Income
- $127,205
- Gross Rent Multiplier
- 7.02
- Cap Rate
- 6.19
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.