Highly Coveted Capitol Hill Location: Clayton Place is in Capitol Hill, one of Seattle’s most recognizable and established urban neighborhoods. Residents benefit from immediate access to local retail, restaurants, nightlife, parks, cultural destinations, and daily services.

Walkable Access to Light Rail: Clayton Place is two blocks from the Capitol Hill Light Rail Station, providing residents with direct access to Downtown Seattle, the University of Washington, Sea-Tac Airport, and other major regional destinations with a Walk Score of 95 and a Transit Score of 82.

Value-Add Opportunity Through Unit Turns: The property’s classic units offer an opportunity to renovate and capture rent premiums over time. Investors can improve unit finishes while maintaining Clayton Place’s position as a more attainable rental option in a supply-constrained, high-cost urban neighborhood.

Capital Improvements Already In Place: Current ownership has completed several significant capital projects, reducing near-term maintenance needs. Improvements include a new roof installed in 2011, partial plumbing replacements completed in 2019, and a new heating boiler installed in 2022.

Potential Assemblage & Redevelopment Opportunity: The potential acquisition of the adjoining property to the north could create an assemblage of approximately 0.36 acres, offering a larger-scale future redevelopment opportunity. The combined site is zoned NC2-75 (M1), allowing for up to 92,160 square feet of chargeable floor area, subject to Mandatory Housing Affordability requirements. This expanded footprint provides flexibility for a covered land plan and a range of redevelopment concepts, subject to buyer due diligence and applicable municipal approvals.

Strong Renter Demand in a Renter-Oriented Neighborhood: Capitol Hill has a renter-oriented housing base, with approximately 61% of households renting compared with 38% across the Seattle MSA. The neighborhood also benefits from an affluent resident base, with average household income of $191,717.

Near Major Employment and Education Centers: Clayton Place is a 10-minute drive from Downtown Seattle, home to an estimated 336,900 jobs and 60.6 million square feet of office space. Major employers include Amazon, Nordstrom, Apple, and Meta. Seattle University is also approximately five minutes from the property, supporting local housing demand from employees and off-campus students.