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Ardivus Brivity

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403 E Thomas Street 1-9 , Seattle, WA 98102
$2,800,000
Est. Payment: $13,565.60/mo
12 Bed
13 Bath
6420 Sqft
Status: active | Days on site: 79
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House Description

A rare opportunity to acquire a well-maintained 9-unit property in one of Seattle’s most desirable rental markets. Built in 1966, this classic midcentury asset combines strong in-place income with meaningful upside potential in a premier Capitol Hill location. With a Walker’s Paradise score of 95, it offers easy access to Downtown & SLU as well as to an abundance of neighborhood restaurants & retail. Within a 10-min walk there are 7 bus lines and a light rail station. The building features a highly rentable unit mix consisting of 4 two-beds, 4 one-beds, and 1 studio. There is a ±1,200-SF top-floor penthouse unit – ideal for an owner-occupant – offering two bedrooms plus a den, one-and-a-half bathrooms, and sweeping Downtown and Space Needle views. Edgene Apartments has been thought fully maintained and upgraded, including updated dual-pane windows, in-unit laundry and dishwashers in all units other than the studio, and elevator service. The property also offers an uncommon 11 parking spaces – 9 off-street and 2 garage – providing a valuable amenity in this dense urban neighborhood. New ownership may realize approximately ±20% income growth by raising rents to market, implementing RUBS, and monetizing parking. Condo documents are already in place comprising 12 parcels (1 for the land, 2 for parking, and 9 individual unit parcels), creating flexibility for future sell-off strategies and providing investors with both income growth potential and long-term disposition optionality.
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Highlights

Listed by Dan Swanson , 360-705-2800 Kidder Mathews , 360-705-2800. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.1

Year Built

1966

County

King

Area

390 - Central Seattle

 Neighborhood

Capitol Hill

 School District

Seattle

Listing ID

2512757

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:13
  • ▪ Full Bathrooms:
Other:Public

Exterior Features

Lot:Corner Lot,Curbs,Paved,Sidewalk,Zoning: Multi-Family
Garage Capacity:11
Zoning:Multi-Family
Roof:Flat
Others:Brick,Stucco
Sewer:Sewer Connected
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$13,566
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,090

Home Price

$2,800,000

Home Price

Loan Details

30 yrs
6.094%

Interest Rate

Loan Type

Down Payment

20%
$560,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,565.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,565.60 $2,090.08 $0.00 $15,655.69
Yearly $162,787.24 $25,081.00 $0.00 $187,868.24
Total $4,883,617.13 $752,430.00 $0.00 $5,636,047.13
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Seattle, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-30T10:40:12.000Z

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