601 E Roy St

Seattle, WA 98102

$2,700,000
Last Sold Price
—
Beds
—
Baths
10,130 Sq. Ft.
$267 / Sq. Ft.
10,130
Sq. Ft.
$267
per Sq. Ft.
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Sold 1/9/24
Sold 1/9/24
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a living room with furniture and a flat screen tv
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a bathroom with a toilet sink and mirror
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a view of a workspace with furniture and toys
a living room with furniture a flat screen tv and a floor to ceiling window
a living room with furniture and a flat screen tv
a kitchen with a sink stove and refrigerator
a bathroom with a sink a mirror and a shower
a white toilet sitting next to a shower curtain
a room with storage and utility
Listing provided courtesy of Westlake Associates, Inc., Skyline Properties, Inc.
Source: Northwest MLS

Description

Located in the heart of Seattle’s vibrant Capitol Hill neighborhood is an extraordinary opportunity for investors seeking both current income and future potential. The East Roy Apt, a 12-unit apartment building boasts a desirable location. This mid-century building features 9 one-bedroom and 3 two-bedroom units, offering spacious layouts designed for comfortable living. Timeless walk-up design and open floor plans, thoughtfully designed to seamlessly integrate kitchens, dining areas, and generously...Located in the heart of Seattle’s vibrant Capitol Hill neighborhood is an extraordinary opportunity for investors seeking both current income and future potential. The East Roy Apt, a 12-unit apartment building boasts a desirable location. This mid-century building features 9 one-bedroom and 3 two-bedroom units, offering spacious layouts designed for comfortable living. Timeless walk-up design and open floor plans, thoughtfully designed to seamlessly integrate kitchens, dining areas, and generously sized living rooms. Select units have undergone modern renovations, featuring upgraded kitchen cabinets, stylish vinyl plank flooring, and contemporary lighting elements. Upgrading the remaining units would add value and rent upside.

Property Details for 601 East Roy Street

Community Name
Capitol Hill
School District
Seattle
View
City
Number of Assigned Spaces
5
Total Covered Parking
2
Entry Date
09-14-2023
Energy Source
Electric,Natural Gas
Sewer
Available
LISTING UPDATED: 09/05/2024 05:47 AM

Property Details for 601 East Roy Street

StatusSold
MLS #2162219
Days on Market34
Cumulative Days on Market34
Taxes$30,432 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.10 AC / 4,225 SF
CountyKing County
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Location

Listing Courtesy of Westlake Associates, Inc.

Sold By Skyline Properties, Inc.

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Building Information for 601 East Roy Street

Stories3Residences12Year Built1958Building Size-Lot Size0.10 AC / 4,225 SF

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$16,132 per month

30 year fixed, 6.46% Interest

Principal and Interest

$13,596

Property Taxes

$2,536

HOA Dues

$0

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Property Information for 601 East Roy Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 390 - Central Seattle
  • Directions: On I-5 N, take exit 168A for Lakeview Blvd. Turn right onto Lakeview Blvd E. Turn left onto Belmont Ave E. Turn left onto E Roy St. Site is on the corner/right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Vinyl
  • Amenities: Basement,Coin Op Laundry,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Brick, Cement/Concrete, Wood Products
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 14867
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 26
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: King County Assessor
  • Parcel Number Free Text: 6848200835
  • Calculated Square Footage: 10130
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 10130.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 3
  • Vacancy Rate: 3
  • Number Of Units Total: 12
  • Units Below Grade: false
  • Units In Building Total: 12
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 71089
  • Gross Adjusted Income: 213187
  • Gross Rent Multiplier: 13.65
  • Gross Scheduled Income: $219,780
  • Insurance Expense: $4,290
  • Net Operating Income: $142,098
  • Other Expenses: $21,500
  • Total Monthly Income: 18315
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 8430.0
  • Leasable Area Units: Square Feet

Property History for 601 East Roy Street

DateEvent & SourcePriceAppreciation
Jan 9, 2024

Sold (Public Record)

Public Record #1525896506

$2,692,000

+4.2% / yr

Jan 9, 2024

Sold

NWMLS #2162219

$2,700,000—
Oct 18, 2023

Pending

NWMLS #2162219

—
DateEvent & SourcePrice
01/09/2024

Sold (Public Record)

Public Record #1525896506

$2,692,000

+4.2% / yr

01/09/2024

Sold

NWMLS #2162219

$2,700,000
10/18/2023

Pending

NWMLS #2162219

—

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

Public Records for 601 East Roy Street

Taxable ValueLand$1,267,500Additions$1,778,500Total$3,046,000
Tax Record2025$31,183 ($2,599 / month)
Home Facts
Total Finished SqFt8,472 SqFtAbove Ground SqFt8,472 SqFtStories3Lot Size4,225 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1988ZoningLR3 (M)CountyKINGAPN684820-0835

Schools near 601 East Roy Street

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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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 Westlake Associates, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 AM. 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.