403 E Thomas St, Unit 19

Seattle, WA 98102

$2,800,000
Price
12
Beds
13
Baths
9,828 Sq. Ft.
$285 / Sq. Ft.
9,828
Sq. Ft.
$285
per Sq. Ft.
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a front view of a building with glass windows
a car parked in front of a building
a front view of a residential apartment building with a yard
a city street lined with tall buildings
a view of a building with a yard
a bathroom with a sink a toilet a bathtub and shower
a view of a dining room with furniture and wooden floor
a bedroom with a bed and a window
a white kitchen with a stove and a refrigerator
a living room with furniture and a large window
a bedroom with a bed and a desk
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a living room with furniture and a lamp
a living room with furniture and a flat screen tv
a bathroom with a granite countertop shower a sink and a mirror
a bedroom with a bed and a large mirror on the dresser
a bedroom with a bed and a lamp
a bathroom with a sink and a mirror
a bedroom with a bed and a dresser
a spacious bedroom with a bed and a table
a kitchen with stainless steel appliances a refrigerator and a stove
a kitchen with stainless steel appliances a stove a refrigerator and a kitchen island
a bedroom with a bed and couch
Listing provided courtesy of Kidder Mathews
Source: Northwest MLS

Description

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...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.
  1. Listed by Dan Swanson • Kidder Mathews
    P: (360)-705-2800 dan.swanson@kidder.com

Property Details for 403 East Thomas Street, Unit 19

Community Name
Capitol Hill
School District
Seattle
View
City, Partial
Number of Assigned Spaces
11
Total Covered Parking
7
Entry Date
04-23-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 04/23/2026 03:43 PM

Property Details for 403 East Thomas Street, Unit 19

StatusActive
MLS #2512757
Days on Market20
Cumulative Days on Market71
Taxes$25,081 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.10 AC / 4,241 SF
CountyKing County
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Location

Listing Courtesy of Kidder Mathews
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Building Information for 403 East Thomas Street, Unit 19

Stories3Residences9Year Built1966Building Size-Lot Size0.10 AC / 4,241 SF

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Property Information for 403 East Thomas Street, Unit 19

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 390 - Central Seattle
  • Elementary School: Lowell
  • Middle Or Junior School: Meany Mid
  • High School: Garfield High
  • Directions: Property is on the northeast corner of E Thomas St and Bellevue Ave E.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 2.0
  • Number of Carport Spaces: 5.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Amenities: Coin Op Laundry,Elevator,Thermal Windows
  • Cooling: Yes
  • Cooling: See Remarks
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Stucco
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 19007
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: King County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 24
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Source: King County Records
  • Parcel Number Free Text: 2264000000
  • Calculated Square Footage: 9828
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9828.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Total Uncovered Parking: 4
  • Number of Stories in Building: 3
  • Unit Number: 1-9
  • Vacancy Rate: 5
  • Number Of Units Total: 9
  • Units Below Grade: false
  • Units In Building Total: 9
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 86119
  • Gross Adjusted Income: 227886
  • Gross Rent Multiplier: 11.7
  • Gross Scheduled Income: $239,880
  • Insurance Expense: $8,081
  • Net Operating Income: $141,768
  • Other Expenses: $33,950
  • Total Monthly Income: 19990
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 850
  • Rent Unit 1: $2,485.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 590
  • Rent Unit 2: $1,920.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 590
  • Rent Unit 3: $1,920.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 850
  • Rent Unit 4: $2,775.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 2
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 595
  • Rent Unit 5: $1,895.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 595
  • Rent Unit 6: $1,995.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 850
  • Rent Unit 7: $2,700.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 1
  • Bathrooms Unit 7: 2
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 1200
  • Rent Unit 8: $2,800.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 2
Unit 9
  • Name Unit 9: 9 / A
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: false
  • Square Feet Unit 9: 300
  • Rent Unit 9: $1,500.00
  • Bedrooms Unit 9: 0
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6258.0

Property History for 403 East Thomas Street, Unit 19

DateEvent & SourcePriceAppreciation
Apr 23, 2026

Listed (Active)

NWMLS #2512757

$2,800,000—
DateEvent & SourcePrice
04/23/2026

Listed (Active)

NWMLS #2512757

$2,800,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 403 East Thomas Street, Unit 19

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - PK to 5
Edmonds S. Meany Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Hutch School
Public - PK to 12
Rating
School
Distance
Lowell Elementary School
PublicPK to 5

Edmonds S. Meany Middle School
Public6 to 8

Garfield High School
Public9 to 12

Hutch School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Capitol Hill
Capitol Hill
Get to know the unique charms of the community surrounding this home. Capitol Hill’s residents enjoy easy access to North Seattle across the bridge and Downtown Seattle and South Lake Union to the west. Although it’s hyper-connected to the rest of the city, Cap Hill (as it is colloquially referred...
Capitol Hill Guide

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More information about 403 East Thomas Street, Unit 19, Seattle, WA 98102

403 East Thomas Street, Unit 19 is a multi-family home for sale in Seattle, WA 98102. This property was listed for sale on April 23, 2026 by Kidder Mathews, it's currently listed at $2,800,000. This listing's school district is Seattle Public Schools. Nearby schools include Lowell Elementary School, Edmonds S. Meany Middle School and Garfield High School. 403 East Thomas Street, Unit 19 is a 12-bed, 13-bath, 9,828 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews

Based on information submitted to the MLS GRID as of 04/23/2026 03:43 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.