Beacon Flats presents a compelling investment opportunity: a 17-unit apartment community ideally situated in Seattle’s vibrant North Beacon Hill neighborhood, just a short walk from the Beacon Hill Light Rail Station. Built in 1957 and renovated in 2017, this three-story brick-veneer building combines classic charm with modern convenience. The property features a unit mix of studios, one-bed, and two-bed apartments, each offering functional layouts and in-unit washer/dryer amenities. Operating at near-full occupancy year-round, Beacon Flats demonstrates strong tenant demand. Current rents average $1,678, below the area’s market average of $1,776, highlighting immediate upside potential through strategic rent adjustments.
Active
Listed by: Urban Commercial Partners, LLC • Tyler J. Bretz
$4,500,000
1401 S Holgate Street, Seattle, WA 98144
16beds
17baths
8,580sqft
Multi Family
Built in 1957
-- sqft lot
$4,038,800 Zestimate®
$524/sqft
$-- HOA
What's special
Functional layouts
- 321 days |
- 55 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Tyler J. Bretz,
Urban Commercial Partners, LLC,
Jason Elrod,
Urban Commercial Partners, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2440780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 17
Heating
- Electric
Cooling
- None
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 8,580
- Total interior livable area: 8,580 sqft
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,608 Square Feet
- Features: Corner Lot
Details
- Parcel number: 0605500000
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Good
- Year built: 1957
- Major remodel year: 1997
Utilities & green energy
- Electric: Company: Seattle City Light
- Sewer: Sewer Connected, Company: SPU
- Water: Public, Company: Seattle Public Utilities
Community & HOA
Community
- Subdivision: Beacon Hill
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $524/sqft
- Tax assessed value: $2,659,000
- Annual tax amount: $29,210
- Date on market: 10/2/2025
- Cumulative days on market: 322 days
- Listing terms: Conventional
Estimated market value
$4,038,800
$3.84M - $4.24M
$1,861/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2025 | Price change | $4,500,000-4.3%$524/sqft |
Source:  NWMLS as distributed by MLS GRID #2440780 Report a problem | ||
| 10/2/2025 | Listed for sale | $4,700,000+35.6%$548/sqft |
Source: NWMLS as distributed by MLS GRID #2440780 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/27/2017 | Sold | $3,465,000+166.5%$404/sqft |
Source: Public Record Report a problem | ||
| 5/6/2014 | Listing removed | $895 |
Source: Owner Report a problem | ||
| 5/5/2014 | Listed for rent | $895-18.3% |
Source: Owner Report a problem | ||
| 8/21/2013 | Listing removed | $1,095 |
Source: Postlets Report a problem | ||
| 7/24/2013 | Price change | $1,095+4.3% |
Source: Zillow Rental Network Report a problem | ||
| 7/11/2013 | Listed for rent | $1,050 |
Source: Zillow Rental Network Report a problem | ||
| 8/30/2007 | Sold | $1,300,000+62.5%$152/sqft |
Source: Public Record Report a problem | ||
| 6/3/2005 | Sold | $800,000$93/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,639 +4.6% | $2,659,000 -2.9% |
| 2024 | $26,413 -7.1% | $2,739,000 -9.2% |
| 2023 | $28,431 -5.2% | $3,016,000 -15.4% |
| 2022 | $29,989 +1.6% | $3,563,000 +10.3% |
| 2021 | $29,513 +4.9% | $3,229,000 +10.6% |
| 2020 | $28,125 +1.7% | $2,920,000 +0.6% |
| 2019 | $27,665 +11.9% | $2,903,000 +0.6% |
| 2018 | $24,718 +27.1% | $2,886,000 +47.7% |
| 2017 | $19,441 +66.9% | $1,954,000 +21.4% |
| 2016 | $11,648 | $1,609,000 +35% |
| 2015 | $11,648 | $1,192,000 -0.2% |
| 2014 | $11,648 | $1,194,000 +12.1% |
| 2013 | $11,648 | $1,065,000 +0.8% |
| 2012 | -- | $1,057,000 +25.2% |
| 2011 | -- | $844,000 -25.7% |
| 2010 | -- | $1,136,000 |
| 2009 | -- | $1,136,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Beacon Hill
Nearby schools
GreatSchools rating
- 7/10Beacon Hill International SchoolGrades: K-5Distance: 0.1 mi
- 8/10Mercer Middle SchoolGrades: 6-8Distance: 1.5 mi
- 4/10Franklin High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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