For SaleExcellent Deal-1 days on market
516 E Thomas Street #202
516 E Thomas Street #202, Seattle, WA 98102, Seattle, WA 98102
$199,000
Estimate®:$311,100$112,100 Under Market
Listing Price
516 E Thomas Street #202, Seattle, WA 98102
Loc: Seattle, WA
Days Listed
-1
Tax Assessed
$343k
Estimate®
$311k
36% Under Valued
Lot Size
3,258 sqft
Rent Estimate
$2,213/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Lowell Elementary School
PK-5
0.4 mi away
5
Edmonds S. Meany Middle School
6-8
0.9 mi away
8
Garfield High School
9-12
1.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
brick masonrystucco foundationmulti-family architecturegarden styleclassic facaderaised entrywayexterior sconceslandscaped brick plantersmature treestraditionalcozy aestheticlow-rise apartmenttextured exterior
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 8/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
8.05%
Total ROI
133.9%
Cash Flow
$303/mo
DSCR
1.29
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $303/mo net cash flow with a 8.1% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (8.1%)
- • Strong rental demand in Seattle
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $199,000 | $288 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $648.99 | $343,000 |
| 2024 | $655.84 | $352,000 |
| 2023 | $552.24 | $261,000 |
| 2022 | $929 | $261,000 |
| 2021 | $1,060.34 | $261,000 |
| 2020 | $3,289.9 | $348,000 |
| 2019 | $3,923.45 | $420,000 |
| 2018 | $3,124.79 | $261,000 |
| 2017 | $866.31 | $325,000 |
| 2016 | $2,363.91 | $288,000 |
| 2015 | $2,363.91 | $261,000 |
| 2014 | $2,363.91 | $251,000 |
| 2013 | $2,363.91 | $229,000 |
| 2012 | $0 | $212,000 |
| 2011 | $0 | $193,000 |
| 2010 | $0 | $250,000 |
| 2009 | $0 | $250,000 |
| 2007 | $0 | $254,000 |
| 2006 | $0 | $209,000 |
| 2005 | $0 | $200,000 |
| 2001 | $1,241.61 | $107,500 |
| 2000 | $1,057.32 | $86,000 |
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