Sold614d on marketHistoric · 117 yrs
314 E Mercer Street
Seattle, WA, 98102 • Capitol Hill • King County
$1,150,000
$250/sqft
4,595Sqft
0.06 acLot
1909Built
Property DNA
Scenic Views
City · Partial · Territorial
Character Home
Built 1909 · 117 years of history
Capitol Hill
Capitol Hill
Outdoor Living
Concrete · Fir/Softwood · Hardwood · Wall to Wall Carpet
Softwood & Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
6 views
People checking out this listing
614 days on market
Established listing
$250/sqft
Price per square foot
About this home
Multi Family · Built 1909 · Historic
Huge price drop! This classic 5-unit apartment building in prime Capitol Hill location offers the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Nice mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.8 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill + downtown.
Standout features identified
Our analysis highlights wood floors, spacious unit, and unique layout as key attractions of this home.
Estimated monthly payment
Based on current rates
$7,131/month
Principal & Interest$5,598
Property Tax$1,150
Insurance$383
Down payment20% ($230,000)
3%50%
Est. 6.14% rate · 30yr fixed · $920,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1909
HeatingStove/Free Standing, Natural Gas
CoolingNone
ParkingNo Data
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionGood
Year built1909
Systems
HeatingStove/Free Standing, Natural Gas
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerPublic / Sewer Connected
Parking & Outdoor
Lot2,400 sqft
Location & Tax
NeighborhoodCapitol Hill
Annual tax$13,182
Parcel6848200025
Features & details
7 categories of property features
Interior Features
Flooring
Concrete
Softwood
Hardwood
Vinyl Plank
Carpet
Heating
Stove/Free Standing
Natural Gas
Cooling
None
Exterior Features
Construction
Wood Siding
Patio & Porch
Concrete
Fir/Softwood
Hardwood
Wall to Wall Carpet
Lot Features
Corner Lot
Curbs
Paved
Sidewalk
Cable TV
Deck
Fenced-Partially
Gas Available
High Speed Internet
Views
City
Partial
Territorial
Listing insights
Market data and value estimates
StatusSold
Days on market614
Est. value$1,259,600
Est. rent$1,904/mo
Tax rate0.82%
Price/sqft$250
On marketMay 10, 2024
PostedMar 20, 2024
Last sold$1,150,000
MLS statusSold
MLS updatedSep 5, 2024
Tour days6
Views6
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98102
Price history
7 events
DateEventPrice$/sqftSource
Jul 31, 2024Sold$1,150,000$250NWMLS as distributed by MLS GRID
Jul 15, 2024Pending Sale$1,250,000$272NWMLS as distributed by MLS GRID
Jun 21, 2024Price Change$1,250,000$272NWMLS as distributed by MLS GRID
May 22, 2024Price Change$1,345,000$293NWMLS as distributed by MLS GRID
May 2, 2024Listed For Sale$1,395,000$304NWMLS as distributed by MLS GRID
Mar 29, 2024Pending Sale$1,395,000$304NWMLS as distributed by MLS GRID
Mar 20, 2024Listed For Sale$1,395,000$304NWMLS as distributed by MLS GRID
Sold$1,150,000
Jul 31, 2024•$250/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,250,000
Jul 15, 2024•$272/sqft•NWMLS as distributed by MLS GRID
Price Change$1,250,000
Jun 21, 2024•$272/sqft•NWMLS as distributed by MLS GRID
Price Change$1,345,000
May 22, 2024•$293/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,395,000
May 2, 2024•$304/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,395,000
Mar 29, 2024•$304/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,395,000
Mar 20, 2024•$304/sqft•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
AdamsCapitol HillFirst HillFremontGreenwoodMagnoliaMinorRavennaUniversity DistrictWallingford
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040981039810598109981159811798118981229812598133
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Based on information submitted to the MLS GRID as of 2026-04-07 09:43:21 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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