1401 S Holgate Street · Seattle, WA 98144
Source: NWMLS · Urban Commercial Partners, LLC · Jason Elrod #NWM2440780
About this home
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.
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 3 stories
- Condition
- Good
- Year built
- 1957 (renovated 1997)
- Building area
- 8,580 sq ft
- Lot size
- 6,606 sq ft (0.15 acres)
- County
- King
- MLS #
- NWM2440780
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Laminate
Exterior & lot
- Exterior features
- Brick, Wood
- Roof
- Flat
- Foundation
- Poured Concrete
- Lot features
- Corner Lot
- View
- Mountains, Territorial
- Waterfront
- No
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Beacon Hill
- Property tax
- $29,210 (2025)
Transaction
- Original list price
- $4,700,000 (4.3% price cut)
- Listed on
- Oct 2, 2025
- Days on market
- 353
- Listing terms
- Cash, Conventional
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Seattle
- High
- Franklin High SchoolSchoolDigger 2 stars · Top 56% in WA
Listing provided courtesy of: Urban Commercial Partners, LLC
Listing agent: Jason Elrod.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.