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2201 S Main St
Seattle, WA 98144 Atlantic

$2,500,000 USD

Apartments For Sale  •  11,230 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,230 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 5.36 %
  • Zoning NC3-75 (M)
90 Transit Score
90 Walk Score

Highlights

Excellent Central Seattle location – near Downtown and Lake Washington
Walker’s Paradise walk score of 94 – near restaurants, coffee shops, parks, and entertainment
12 units – 6 one-beds and 6 two-beds, all with decks and spacious layouts
Updated electrical panels and dual-pane windows, 7 parking spaces (6 covered and 1 off-street)
Decks and dining areas, and updates to flooring, baths, and kitchens in select units
Value-add opportunity – Likely potential for rent upside, as current rents are $2.24 per foot

Property Flyers

Financial Summary (Actual)

Net Operating Income: $133,879 USD (2026)
Cap Rate: 5.36 %
Total Expenses: $112,628 USD

Amenities

  • Balcony
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Double Pane Windows

Public Transportation

Commuter RailDriveWalkDistance
Seattle (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) 5 min - 1.5 mi
King Street Station (Everett - Seattle - Sound Transit, Seattle - Tacoma/Lakewood - Sound Transit) 5 min - 1.5 mi
Transit/SubwayDriveWalkDistance
14Th & Washington (First Hill Streetcar - City of Seattle) 2 min 11 min 0.6 mi
12Th & Jackson (First Hill Streetcar - City of Seattle) 2 min 12 min 0.6 mi
Yesler & Broadway (First Hill Streetcar - City of Seattle) 2 min 16 min 0.8 mi
Broadway & Terrace St (First Hill Streetcar - City of Seattle) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 26 min - 15.3 mi
Seattle Paine Field International 38 min - 25.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Dan Swanson 425-444-6501 Kidder Mathews
Dan Swanson 425-444-6501 Kidder Mathews