The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).
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Zillow last checked:
Listing updated:
Listed by:
Will Douglas,
Paragon Real Estate Advisors,
Ryan Iles,
Paragon Real Estate Advisors
Source: NWMLS as distributed by MLS GRID,MLS#: 2564376
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 12
Heating
See Remarks, Wall Furnace, Electric
Cooling
None
Features
Has fireplace: No
Interior area
Total structure area: 8,580
Total interior livable area: 8,580 sqft
Property
Lot
Size: 7,200 Square Feet
Details
Parcel number: 1988201580
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family
Materials
Wood Siding
Roof: Flat,Torch Down
Condition
Year built: 1911
Utilities & green energy
Sewer: Sewer Connected
Water: Public
Community & HOA
Community
Subdivision: South Lake Union
Location
Region: Seattle
Financial & listing details
Price per square foot: $326/sqft
Annual tax amount: $30,000
Date on market: 11/6/2025
Cumulative days on market: 280 days
Listing terms: Conventional
Estimated market value
Zestimate®
$2,653,500
Estimated sales range
$2.52M - $2.79M
Rent Zestimate®
$2,633/mo
Price history
Date
Event
Price
8/4/2026
Listed for sale
$2,800,000$326/sqft
Source: NWMLS as distributed by MLS GRID #2564376Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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