403 E Thomas Street #1-9, Seattle, WA 98102
FOR SALE
Listed by Dan S. Swanson, Kidder Mathews, (360) 705-2800

403 E Thomas Street #1-9
Seattle, WA 98102

Capitol Hill
  • 12 Beds
  • 13 Baths
  • 9,828 sqft

$2,800,000

Est. Mortgage $15,911/mo*
Get Pre-Qualified

$2,800,000

Est. Mortgage $15,911/mo*
Get Pre-Qualified
12 Beds
13 Baths
9,828 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$285
Listed
42 days ago
Last check for updates: about 4 hours ago
Listing courtesy of Dan S. Swanson
Kidder Mathews
Source: NWMLS as distributed by MLS GRID, MLS#2512757

Home Details for 403 E Thomas Street #1-9

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 12Number of Bathrooms: 13
Dimensions and Layout
Living Area: 9828 Square Feet
Heating & Cooling
Heating: Baseboard,Forced Air,ElectricHas CoolingHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Window: Thermal Windows
Levels, Entrance, & Accessibility
Number of Stories: 3
View
Has a ViewView: City, Partial

Exterior Features

Exterior Home Features
Roof: Flat
Parking & Garage
Number of Garage Spaces: 2Number of Carport Spaces: 5Number of Covered Spaces: 7Open Parking Spaces: 4No CarportGarageNo Open ParkingParking Spaces: 11Parking: Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Sewer Connected
Farm & Range
Does Not Include Irrigation Water Rights
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 80Days on Market: 42

Property Information

Year Built
Year Built: 1966
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: 5-9 Units
Building
Construction Materials: Brick, Stucco
Property Information
Usage of Home: Multi-FamilyParcel Number: 2264000000

Price & Status

Price
List Price: $2,800,000Price Per Sqft: $285
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: SeattleCommunity: Capitol Hill
School Information
Elementary School: LowellJr High / Middle School: Meany MidHigh School: Garfield HighHigh School District: Seattle

Agent Information

Listing Agent
Listing ID: 2512757

Building

Building Area
Building Area: 9828 Square Feet

Community

Not Senior CommunityUnits in Building: 9

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 4242.744 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Conventional

Energy

Energy Efficiency Features: Thermal Windows

Miscellaneous

Mls Number: 2512757Offer Review: Seller intends to review offers upon receiptShowing Requirements: Appointment Only, Call Listing Office

Additional Information

Internet Entire Listing Display YN C

Market trends in Seattle

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$805K
$26.67KMoM
Sale-to-List Price
99.6%
0.4%MoM
Price per sq ft
$534
$4MoM
Available listings
2519
341MoM

Price History for 403 E Thomas Street #1-9

DatePriceEventSource
04/23/2026$2,800,000Listed For SaleNWMLS as distributed by MLS GRID #2512757

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Comparable Sales for 403 E Thomas Street #1-9

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
219 Belmont Avenue E, Seattle, WA
0.09
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$2,550,000
12/22/25
12
11
9,350
605 E Denny Way, Seattle, WA
0.21
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$3,900,000
01/16/26
7
30
15,325
221 Belmont Avenue E, Seattle, WA
0.09
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$2,650,000
05/01/26
18
8,700
231 Summit Avenue E, Seattle, WA
0.03
Multi-Family Home
$2,000,000
03/13/26
2
4
5,448
409 10th Avenue E, Seattle, WA
0.31
Multi-Family Home
$4,650,000
03/06/26
1
15
11,105
1425 E Prospect Street #1-10, Seattle, WA
0.79
Multi-Family Home
$2,225,000
12/19/25
11
10
8,659
1052 E Thomas Street, Seattle, WA
0.36
Multi-Family Home
$6,250,000
12/09/25
15
29
16,744
530 12th Avenue E, Seattle, WA
0.52
Multi-Family Home
$1,550,000
10/20/25
6
4
3,240
1111 18th Avenue, Seattle, WA
0.99
Multi-Family Home
$1,840,000
02/12/26
7
9
5,468
311 12th Avenue E, Seattle, WA
0.44
Multi-Family Home
$1,800,000
09/03/25
5
5
-

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 403 E Thomas Street #1-9.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Capitol Hill
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Capitol Hill

At least 182 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 95 % Say it's walkable to restaurants

  • 94 % Say there are sidewalks

  • 93 % Say it's walkable to grocery stores

  • 73 % Say people would walk alone at night

  • 68 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 48 % Say there's holiday spirit

  • 39 % Say they plan to stay for at least 5 years

  • 34 % Say it's quiet

  • 32 % Say there are community events

  • 29 % Say there's wildlife

  • 28 % Say parking is easy

  • 26 % Say car is needed

  • 25 % Say kids play outside

  • 25 % Say yards are well-kept

Sourced by Trulia users. Learn more about our methodology.
  • Rodolfo Penagos Ruiz
    "I like that there’s a beautiful park, neighbors are very frindely, and it’s pet friendly. I recommend this neighborhood."
    0
    Flag
  • Rodolfo Penagos Ruiz
    "I like that there is Good food near this place. Also the neighborhood feels safe and it’s pet friendly."
    0
    Flag
  • Trulia User
    "Mostly friendly dogs and their friendly humans. Plenty of places to explore with lots of new smells everyday "
    2
    Flag
  • Test u.
    ""Capitol Hill is great for a diverse group of neighbors. Tons of coffee shops, restaurants, dive bars, and other activities in the area. ""
    2
    Flag
  • Nathan Conn
    "Dogs are on their leash here since it’s busier but in the parks they can still be off leash which has led to arguments and fights "
    2
    Flag
  • Jared Wunderlich
    "Capitol Hill is great for a diverse group of neighbors. Tons of coffee shops, restaurants, dive bars, and other activities in the area. "
    1
    Flag
  • Destani Wiltz
    "Street parking is a big challenge, parking tickets and people hit your car parked on the street. There’s a lot of traffic in this area"
    1
    Flag
  • Trulia User
    "Dog owners are pretty respectful and mindful of what their dogs can or cannot do with other dogs. There are. Lot of little dogs who dislike larger dogs. "
    5
    Flag
  • Trulia User
    "Several areas to let dog run and play with other dogs. Upper Capitol Hill is more neighborly due to less apartment buildings "
    3
    Flag
  • Trulia User
    "There is a great combination of historical houses, parks, walkability and nearby businesses and restaurants that you make this a lively community"
    1
    Flag
  • Trulia User
    "I've lived here for a year. I can walk everywhere I need to go. Grocery shopping, work, or entertainment. Very walkable."
    8
    Flag
  • Trulia User
    "It’s a nice area for dogs if you’re near volunteer park, Cal Anderson is also dog friendly but that park is a little sketch and small."
    0
    Flag
  • Trulia User
    "Dog owners would like that everyone in this entire neighborhood owns a dog and they all walk them at the same time. They also all leave their dog poop behind."
    3
    Flag
  • Trulia User
    "Much of the northeastern area is very residential. Mostly north of East Thomas and East of 15th Ave. Going southwest of that you see a lot more apartments."
    0
    Flag
  • Trulia User
    "Old hip place to be. Not so much anymore. Some cool bars still. Few good restaurants. Lots of of homeless and druggie s"
    4
    Flag
  • Trulia User
    "Sidewalks are Horribly kept here. Accessibility in that regard is terrible. Also no one sweeps their sidewalks, so they get covered in gross wet clumps of leaves and petals in the fall and spring. And people love to let their dogs poop everywhere and never pick it up 👌"
    0
    Flag
  • Trulia User
    "Genuinely good access to public transit, though steep hills and poorly kept can make the area inaccessible to disabled folks like myself."
    0
    Flag
  • Trulia User
    "Seeing more and more parents in the neighborhood but still primarily dominated by singles with great night life & events. But plenty of parks, I see a lot of kids playing at Cal Anderson so the time! I hear the public schools are good too. "
    0
    Flag
  • Trulia User
    "There’s a dog park close by and tons of extra doggie bags dispensers around. There’s dog parks within a few blocks and lots of dog friendly businesses"
    0
    Flag
  • Trulia User
    "this is a very nice area, secure and walkable, there are a lot of public places, transportation and restaurants."
    0
    Flag
  • Trulia User
    "There’s a lot of busses that go all over the city! It has great access to transportation. I have lived here for over 4 years."
    0
    Flag
  • Trulia User
    "Most streets are shaded for long walks. Lots of small parks nearby. Most dogs walking around are friendly or not friendly dogs are easily avoided "
    0
    Flag
  • Trulia User
    "Capitol Hill is a nice neighborhood. very walkable with lots of public transit. I love being able to walk out and go to a restaurant without getting in a car. as long as if you stay away from Broadway or Pike pine, you can find a nice quiet spot"
    0
    Flag
  • Trulia User
    "Currently telecommuting but the commute wasn’t too bad from here to Lower Queen Anne in 2019 and early 2020. "
    1
    Flag
  • Trulia User
    "the commute to my work is great to my office in downtown; also very convenient to run several errands in a short amount of time"
    0
    Flag
  • Trulia User
    "Most of the neighborhoods on the north side are safe, quiet, & well maintained. I would steer clear of renting or purchasing in any areas south of Cap Hill (minus Leschi, which is nice)."
    0
    Flag
  • Trulia User
    "I love the 100-year-old houses with established gardens. Everyone here is friendly and the neighborhood feels safe and laid back. There are great restaurants within walking distance and everything you need is nearby. "
    1
    Flag
  • Trulia User
    "Walk from capitol hill downtown on pine/pike or bus downtown, normally the 2 madison or the 10/11. I only take lightrail to airport"
    0
    Flag
  • Trulia User
    "It’s green and I like the access to public transportation downtown. There are a lot of streets to walk down. Barely any street parking"
    0
    Flag
  • Aasliaras
    "I live in North Cap Hill I think it’s pretty different than Cap Hill center. It’s still very close to happenings but also very residential and green."
    4
    Flag
  • Aasliaras
    "Very green on North Cap Hill neighborhood. Walking distance to Volunteer Park. Access to coffee shops and restaurants. Everyone is polite"
    9
    Flag
  • Ce M.
    "It’s a very community oriented area. There’s LOTS of trick or treating in the area. So big that on 16th and 17th Ave the streets are blocked of for trick or treating. The houses are very festive and fun!"
    11
    Flag
  • Tatiana
    "I can’t really say much for parents. I don’t have kids and I rarely see families around here, but there are a few here and there. Absolutely none in my apartment building. I don’t even know where the schools are around here, besides the community college lol. Honestly, I would move out of Capitol Hill if I wanted to raise a family. "
    0
    Flag
  • Alexis M.
    "There are is a lot of awesome parks and lots of family friendly areas. It’s pretty safe as long as you stay away from the major bar/restaurant scenes. "
    0
    Flag
  • Sarah H. P.
    "Very convenient for shopping, bars, restaurants, and public transportation access. Can be loud depending on street location "
    0
    Flag
  • Alexis M.
    "I’ve lived in this neighborhood for one year and I love it. It’s central to all off Seattle and has great parks for walking the dog or taking walks. "
    6
    Flag
  • Sam C. B.
    "You could raise your kids in a diff neighborhood. Not many families with kids unless they are crazy rich "
    1
    Flag
  • Alex C.
    "The Capitol Hill block party and concert is an amazing annual event. This year Lizzo was the headliner, but it’s really a neighborhood vibe. "
    0
    Flag
  • Sitameredith
    "I work here during the night and most of the time the neighborhood is quiet. There’s a park outside the area where some homeless people sleep but it’s not always occupied with homeless people."
    1
    Flag
  • Mjbizdev
    "Volunteer park has frequent interesting outdoor events. Both musical art and technology things which draws a nice group. People are active in the summer"
    1
    Flag

LGBTQ Local Legal Protections

Dan S. Swanson, Kidder Mathews
Based on information submitted to the MLS GRID as of 2026-06-05 06:39:28 PDT. 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 is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS Click here for more information
403 E Thomas Street #1-9, Seattle, WA 98102 is a 12 bedroom, 13 bathroom, 9,828 sqft multi-family built in 1966. 403 E Thomas Street #1-9 is located in Capitol Hill, Seattle. This property is currently available for sale and was listed by NWMLS as distributed by MLS GRID on Apr 23, 2026. The MLS # for this home is MLS# 2512757.