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Listing courtesy of NWMLS / Westlake Associates, Inc.

603 3rd Avenue W

Seattle, WA 98119

– beds
– baths
12,510 sqft
10,300 sqft lot
$431 per sqft
1929 build

The Regan Lee’s 24 spacious studio and one-bedroom units showcase original hardwood floors, mahogany doors, rich wood trim, arched entryways, and abundant natural light, preserving the elegance of a bygone era. The property also features eight garage stalls along the alley, providing both parking convenience and additional income. With current rents well below market, The Regan Lee offers a compelling opportunity to increase NOI through strategic renovations and rent optimization. Additionally, investors may explore redevelopment potential of the existing garage space to add units and further maximize value (buyer to verify).

Listing courtesy of NWMLS / Westlake Associates, Inc.

Last checked: Checking… • Last updated Mar 24, 2025 •

MLS# 2348870 —

The Building

Year Built:

1929
New Construction:

false
Structure Type:

Multi Family
Roof:

Flat
Foundation Details:

Poured Concrete
Exterior Features:

Brick, Wood
Units In Building Total:

24
# of Units Total:

24
Stories Total:

3
Building Area Total:

12510
Building Area Units:

Square Feet
Calculated SqFt:

12510
SqFt Source:

King County Assessor
Construction Materials:

Brick, Wood

Interior

Interior Features:

Ceramic Tile, Hardwood
Flooring:

Ceramic Tile, Hardwood
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

47.624845
Longitude:

-122.360969
Directions:

From I-5, take exit 167 for Mercer St towards Seattle Center. Turn right onto 3rd Ave W. Site is on the corner of Mercer St and 3rd Ave W.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Parcel Number:

3876900030
Lot Features:

Corner Lot, Curbs, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.2365
Lot Size SqFt:

10300
Lot Size Source:

King County Assessor
Zoning Jurisdiction:

City
View:

City
View:

true
Waterfront:

false
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

50397

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Sewer:

Sewer Connected
Water Sewer Garbage:

33549

Schools

High School District:

Seattle

The Community

Subdivision Name:

Queen Anne
Amenities:

Coin Op Laundry,Storage
Senior Community:

false
Association:

false

Parking

Parking Total:

8
Open Parking:

false
Carport Spaces:

8
Carport:

false

Listing courtesy of NWMLS / Westlake Associates, Inc.

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Tue Mar 25 2025 07:56 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/24/25 Mar 24, 2025	Listed / Active	NWMLS	$5,400,000

Multifamily For Sale

$5,400,000

Listing provided by broker:

Curran C. Hagstrom

Westlake Associates, Inc.

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This multifamily located in Queen Anne, Seattle, WA 98119 is currently for sale for $5,400,000. 603 3rd Avenue W is a 12,510 square foot multifamily with – beds and – baths. 603 3rd Avenue W is in the Queen Anne neighborhood of Seattle and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of John Hay Elementary School, Mcclure Middle School, and Lincoln High School.

Listing courtesy of NWMLS / Westlake Associates, Inc.

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Tue Mar 25 2025 05:25 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Disclaimer: The information contained in this listing has not been verified by Westlake Associates, Inc. and should be verified by the buyer.