$2,930,000
Est. $16,229/moPrice reduced $265,000 from the original $3,195,000 asking price
9,986 sq ft
525 E Roy Street, Seattle, WA 98102
• Listed May 14, 2026•155 days active · 155 cumulative
Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com
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Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com
About this home
Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 6.0% cap rate and 10.1 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 6.5% cap rate and 9.5 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.
Listed by Dan Swanson • Kidder Mathews
Listing updated: September 21, 2026 at 09:35am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2524172
Around this home
How much should you offer?
525 E Roy Street, Seattle, WA 98102
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerSeattle School District
- Lowell Elementary SchoolPublic · Grades PK-5 · State rank 969 of 1,1382/10
- Edmonds S. Meany Middle SchoolPublic · Grades 6-8 · State rank 185 of 5146/10
- Garfield High SchoolPublic · Grades 9-12 · State rank 38 of 39610/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 11
- Units in building
- 11
- Units below grade
- false
- Building square feet
- 9,986 sq ft
Income & expenses
- Gross scheduled income
- $289,558
- Total monthly income
- $24,130
- Additional monthly income
- $1,825
- Gross adjusted income
- $275,080
- Net operating income
- $175,987
- Cap rate
- 6%
- Gross rent multiplier
- 10.1
- Vacancy rate
- 5%
- Total expenses
- $99,092
- Insurance
- $7,313
- Other expenses
- $47,858
- Water / sewer / garbage paid by
- 14369
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 6
Taxes & assessment
- Annual taxes
- $29,552
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 525 E Roy Street
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 21, 2026Price reducedNWMLS via MLS Grid · #2524172$2,930,000$293/sq ft
- May 14, 2026ListedNWMLS via MLS Grid · #2524172$3,195,000$320/sq ft
- Jun 21, 1991Recorded saleKing County recorder · Warranty deed$284,203$28/sq ft
Mortgage payment forecast
$19,425 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com
Market pulse
Seattle is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 63 days.
Recent sales nearby
Within 1 mile · last 6 months$799,950 Sold
6 days ago
2 bd•2 ba•~998 sq ft•Single Family
2014 Fairview Avenue E #C, Seattle, WA 98102
0%
Over list
107
Days on market
0.9 mi
Distance
$2,485,000 Sold
6 days ago
4 bd•3.5 ba•~3,717 sq ft•Single Family
1111 Bellevue Place E, Seattle, WA 98102
4%
Under list
66
Days on market
0.2 mi
Distance
$749,900 Sold
2 weeks ago
2 bd•1.75 ba•~1,579 sq ft•Single Family
633 13th Avenue E, Seattle, WA 98102
0%
Over list
52
Days on market
0.4 mi
Distance
$2,100,000 Sold
2 weeks ago
5 bd•2.25 ba•~3,580 sq ft•Single Family
723 12th Avenue E, Seattle, WA 98102
2%
Under list
42
Days on market
0.3 mi
Distance
$1,735,000 Sold
2 weeks ago
•Single Family
315 12th Avenue E, Seattle, WA 98102
3%
Under list
181
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 4:59 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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