603 3rd Avenue W
Seattle, WA 98119
12510 sqft | 0.24 acres | #2348870
Description
The Regan Lee’s 24 spacious studio and one-bedroom units showcase original hardwood floors, mahogany doors, rich wood trim, arched entryways, and abundant natural light, preserving the elegance of a bygone era. The property also features eight garage stalls along the alley, providing both parking convenience and additional income. With current rents well below market, The Regan Lee offers a compelling opportunity to increase NOI through strategic renovations and rent optimization. Additionally, investors may explore redevelopment potential of the existing garage space to add units and further maximize value (buyer to verify).
Property Details
- Lot DescriptionCorner Lot, Curbs, Paved, Sidewalk
- InteriorCeramic Tile, Hardwood
- Exterior FeaturesFenced-Partially
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style56 - 10+ Units
- Date ListedMarch 24, 2025
- Exterior MaterialsBrick, Wood
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- SubdivisionQueen Anne
- Original List Price$5,400,000
- School DistrictSeattle
- Taxes Annual$50,397
- MLS #2348870
- Cost5400000
- MLS #2348870
- Acres0.2365
- Square Feet12510
- ViewCity
- Year Built1929
- CountyKing
- Stories3
- Days on Market (Cumulative)6
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-03-24 21:58:12. 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.
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Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Curran C. Hagstrom (#NWM80645)
Listing Office: Westlake Associates, Inc. (#NWM7019)
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