About this home

The Caldwell presents investors with a compelling opportunity to acquire a turn-key multifamily investment in one of Seattle’s premier urban submarkets, offering an attractive 5.0% in-place cap rate. Ideally positioned at the edge of Capitol Hill, the property is less than a block from Madison Street, a major arterial providing direct access to Downtown Seattle and the surrounding employment centers. The property features a highly functional mix of 1- and 2-bedroom floor plans, including three townhouse-style units, appealing to renters seeking additional space and flexibility for today’s work-from-home lifestyle. Its prime location places residents within close proximity to the vibrant amenities of Capitol Hill while providing convenient access to major employers, healthcare institutions, and educational centers throughout the region. Continued growth in South Lake Union, driven by major technology employers including Amazon, Google, and Meta, combined with the established presence of Swedish Medical Center, Seattle University, and other major institutions, supports strong and sustained rental demand. With its desirable location, versatile unit mix, and established income stream, the Caldwell offers investors an attractive combination of current cash flow, tenant demand, and long-term appreciation potential.

Exterior features

Schools

Property details

Heating

Wall Furnace

Cooling

None

Flooring

Laminate, Vinyl, Carpet

View

Territorial

Lot

Curbs, Open Space, Paved, Sidewalk

Water source

Public

Sewer

Sewer Connected

Costs

Annual taxes

$14,993 (2026)

Location

Seattle, WA 98122