Well positioned between Downtown Seattle and Lake Washington, Hill Town Apartments boasts a “Walker’s Paradise” Walk Score of 94, placing residents steps from the Central District's restaurants, coffee shops, parks, and entertainment. The 12-unit community is evenly split between one- and two-bedroom homes, averaging 733 square feet, with every unit featuring a private deck and spacious layout. On-site parking totals 12 spaces, of which 6 are covered and 6 is off-street. The property has been well-maintained with updated electrical panels and dual-pane windows throughout. Select units feature upgraded flooring, bathrooms, and kitchens, reducing near-term capex exposure for a new owner. In-place rents average $2.24/SF, offering likely upside as unit renovations continue and turnover allows repositioning toward market rates. Offered at just over $208,000 per unit and $284 per square foot, Hill Town Apartments presents an opportunity to acquire a well-located, value-add asset in one of Seattle's most connected in-city neighborhoods.
Squire Park, located between Capitol Hill and the Central District, is a residential and historic Seattle neighborhood with early-1900s homes and a leafy street grid. The neighborhood’s character concentrates along E Union St near 23rd Ave, where corner markets, coffee counters, and small eateries set a steady, walkable rhythm. Community pillars include Seattle Bouldering Project, the Central Cinema, and the Northwest African American Museum. Craftsman houses and brick apartment buildings line calm blocks that rise and fall with the terrain. Pocket parks and school grounds add open space between arterials. Transit on nearby Madison and Union connects the area to downtown and the lake.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Laminate flooring
Bedrooms
Combination of 1- and 2-bedroom units across the building
Bathrooms
One bathroom per unit (primarily 1-bath units)
Kitchen
Range/oven included in units
Refrigerator included in units
No dishwashers in units
Laundry & utility
Coin-operated laundry on site
Individual units do not include washer/dryer
Flooring
Laminate
Heating & cooling
Baseboard heating
No central cooling
Exterior features
Corner lot with curbs, paved surfaces and sidewalk
Decks available
Cable TV and high-speed internet available
Has view
Home design
Residential income property (multi-family)
3 stories
Parking
Combination of covered and uncovered parking spaces
Carport parking available (multiple spaces)
Construction
Brick and stucco exterior
Flat roof
Poured concrete foundation
Effective year built 2000
Utilities
Electric and natural gas service
Sewer connected (Seattle Public Utilities)
Water service by Seattle Public Utilities
Power by Seattle City Light
Financial info
Gross scheduled income around $276,495
Gross adjusted income around $262,670
Total monthly income approximately $22,815
Net operating income approximately $181,313
Total expenses approximately $81,356.64
Typical vacancy rate listed as 5%
Gross rent multiplier about 9.04
Listing terms: Cash or Conventional
Other
Building name: Jackson Street Add
Calculated building area approximately 9,300 square feet
Total of 12 units in the building
Units are above grade only
Electricity and solar
View estimated energy costs and solar savings for this home
To support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business support services, and residences that are compatible with the retail character of the area; and where the following characteristics can be achieved: A variety of sizes and types of retail and other commercial businesses at street level; Continuous storefronts or residences built to the front lot line; Intense pedestrian activity; Shoppers can drive to the area, but walk around from store to store; Transit is an important means of access.
Permitted uses
Include but are not limited to:
Religious facility
Gas station
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Lodging & hospitality
Office
Medical office
Mar 6, 2024 • Final
Electrical permit: over the counter
Remove and replace electrical service panels.
Electrical
Nov 10, 2023 • Final
Electrical permit: over the counter
Replace a one hundred ampere electrical panel in apartment number two hundred and two.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Seattle, WA • 98144
Average low and high temperatures (°F)
48
37
49
38
54
42
62
46
68
51
74
56
79
59
78
60
73
57
61
49
53
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
1.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2201 S Main St
There isn’t enough information to generate an accurate estimate at this time. Learn More