Active

Listed by:

Tyler J. Bretz,

Urban Commercial Partners, LLC,

Jason Elrod,

Urban Commercial Partners, LLC

Price cut: $200K (12/10)

$4,500,000

1401 S Holgate Street, Seattle, WA 98144

16beds

17baths

8,580sqft

Est.:

Multi Family

Built in 1957

-- sqft lot

$4,217,300 Zestimate^®

$524/sqft

$-- HOA

What's special

Functional layouts

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.

140 days

205

16

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 17

Heating

Wall Unit(s), 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: Mountain(s), Territorial

Lot

Size: 6,608.05 Square Feet
Features: Corner Lot

Details

Parcel number: 0605500000
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
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: $2,739,000
Annual tax amount: $29,210
Date on market: 10/1/2025
Cumulative days on market: 142 days
Listing terms: Cash Out,Conventional

Estimated market value

$4,217,300

$4.01M - $4.43M

$2,508/mo

Price history

Date	Event	Price
12/10/2025	Price change	$4,500,000-4.3%$524/sqft
Source: NWMLS #2440780 Report a problem
10/2/2025	Listed for sale	$4,700,000+35.6%$548/sqft
Source: NWMLS #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
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