The Caroline is a newly renovated multi-family property well situated on Capitol Hill just a half mile from Seattle University. Completely transformed in 2024, the building was stripped down to the studs and rebuilt with modern finishes, offering a fresh, high quality living experience. The five unit property boasts strong rental potential with a projected proforma cat rate of 5.7%, making it a prime investment opportunity in one of Seattle's most sought after neighborhoods. The Caroline is positioned in a high demand area, appealing to both investors seeking solid returns and tenants looking for modern, centrally located asset.
Property Map
From I-5 take James exit, head east. Road turns into Cherry St. Turn south on 21st then east on James. Property on south side of street. GPS is accurate.
Listing # Courtesy of Carter Custer of Nordic Real Estate. Last Updated: December 17, 2024.
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