on the market

Listings/John Winthrop

John Winthrop

On the Market

Price: Market

Tours: Thurs. 6/12: 1PM – 3PM
Wed. 6/18: 1PM – 3PM
Wed. 6/25: 1PM – 3PM

Offers Date:  To Be Announced

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Site Details

Address
1020 Seneca St, Seattle, WA 98101
Neighborhood
First Hill
Total Units
79
Avg. Unit Size
500
Net Rentable SF
39,504 SF
Year Built
1925
Land SF
12,800 SF
Laundry
Common
Electrical
Copper
Plumbing
Copper
Windows
Vinyl Double Pane
Elevator
Modernized

Residential Unit Mix

Studio
5
Studio L
16
Studio XL
47
1x1
11
Total Units
79

Opportunity

John Winthrop presents a rare 79-unit value-add multifamily investment opportunity located at 1020 Seneca Street in the heart of Seattle’s premier First Hill neighborhood. Built in 1925, this architecturally distinctive asset features a mix of classic and lightly renovated units, with significant potential for income growth through continued interior upgrades.

Day 1 management upside. Currently operating at a 57% expense load.

Increase NOI by 25% through light unit upgrades.

Timeless historic charm with upgraded systems

Located in the heart of Virginia Mason Medical Center.

Location

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About the Area

John Winthrop is ideally located in Seattle’s First Hill neighborhood—one of the city’s most historic, walkable, and transit-connected areas. Just steps from the vibrant Pike/Pine Corridor, residents enjoy immediate access to premier dining, shopping, nightlife, and cultural amenities in Capitol Hill and Downtown Seattle.

First Hill is anchored by major medical institutions—including Virginia Mason, Swedish, and Harborview Medical Centers—making it a hub for healthcare employment and attracting a steady base of professionals. With a Walk Score of 98 and a 10-minute walk to light rail, the location offers unmatched urban convenience and connectivity to Seattle’s largest job centers in South Lake Union, the Central Business District, and the Eastside.

Return-to-office momentum led by Amazon, Apple, and Starbucks is boosting downtown occupancy and apartment demand.

Anchored by three major hospitals (Virginia Mason, Swedish, and Harborview), the area supports stable, high-income tenant demand.

First Hill is one of Seattle’s most walkable and transit-rich neighborhoods with a Walk Score of 98 and Transit Score of 100.

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Call/Text: 206.414.8575

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