Seattle Condo Authority Network • First Hill
120-unit First Hill mid-rise completed 2002. Well-positioned for First Hill's medical district employers and close to Capitol Hill, Downtown, and Pioneer Square.
Building Profile
| Building Name | First Hill Plaza |
| Address | Data to be verified |
| Year Built | 2002 |
| Total Units | 120 |
| Stories | Data to be verified |
| Neighborhood | First Hill, Seattle, WA |
| HOA Fees | $400–$850/mo (est.) |
| Price Range | $375K–$950K+ |
| Rental Policy | Data to be verified |
| Building Type | Mid-Rise |
About This Building
First Hill Plaza is a 120-unit condominium mid-rise in Seattle's First Hill neighborhood, completed in 2002. First Hill is home to Seattle's largest concentration of hospitals and medical institutions, including Swedish Medical Center, Harborview Medical Center, and Virginia Mason, making it one of the city's most employment-rich neighborhoods for healthcare professionals.
The First Hill location provides excellent access to Downtown Seattle, Capitol Hill, and Pioneer Square by foot, bus, or the First Hill Streetcar. The neighborhood's elevation above Downtown offers some buildings elevated views of Puget Sound and the city skyline.
As a 2002 construction, First Hill Plaza offers over two decades of HOA reserve accumulation and an established ownership community. The mid-rise format and First Hill's more understated character typically deliver competitive pricing relative to comparable buildings in Belltown or Downtown.
Jeff Reynolds tracks First Hill Plaza within the Seattle Condo Authority Network. Address and stories count should be verified; contact Jeff for current listings, HOA data, and buyer strategy for this distinctive First Hill building.
Buyer Analysis
First Hill Plaza is a 120-unit condominium on First Hill, built in 2002. Positioned in Seattle's medical district, the building serves a distinct buyer base that values proximity to healthcare campuses and a quieter urban character than Downtown or Belltown. Jeff Reynolds's assessment covers its strengths, cautions, and key buyer questions.
First Hill is home to Swedish Medical Center, Virginia Mason, Harborview, and several major healthcare employers. No other Seattle neighborhood offers this concentration of healthcare employment within walking distance of a condo building.
First Hill has the walkability of Downtown without Belltown's noise and late-night activity. Buyers who want an urban address with lower street-level noise and a residential character consistently rate First Hill higher than Belltown for livability.
Since 2002, First Hill Plaza has accumulated a full financial and governance history. Buyers can review 20+ years of reserve fund growth, assessment patterns, and operational performance.
First Hill pricing at $375K–$950K is below Belltown and Downtown for comparable quality. The value is driven by First Hill's lower prestige relative to those submarkets, not by any deficiency in the neighborhood's livability.
First Hill lacks the density of restaurants and retail that Belltown and Capitol Hill offer at street level. Buyers who prioritize vibrant street-level amenities should tour the immediate neighborhood before committing.
At 23 years old, the building is in major capital cycle territory. Request the reserve study for current percent-funded status and upcoming project timelines.
What does the most recent reserve study show for percent-funded level and scheduled capital projects?
What is included with the unit and what is the cost for additional parking or storage? First Hill parking is a frequent buyer consideration.
Advisory
First Hill Plaza is calibrated for buyers whose primary criterion is proximity to First Hill's medical campuses, combined with a quieter urban address than Belltown.
Swedish, Virginia Mason, and Harborview are all within walking distance. For nurses, physicians, and healthcare administrators who work long or variable hours, eliminating the commute entirely is a quality-of-life decision. First Hill Plaza is the most directly positioned condo building for this buyer type.
First Hill lacks Belltown's bar and nightclub density—which is a feature, not a bug, for buyers in their 30s, 40s, and beyond who want walkable urban living without late-night street noise. The neighborhood's residential character consistently ranks well among buyers who have lived in noisier Seattle neighborhoods.
First Hill's pricing discount to Belltown and Downtown is one of Seattle's most persistent and least-explained value gaps. Buyers who tour both neighborhoods and find similar walkability and transit access in First Hill at materially lower prices often find the decision straightforward.
The medical district anchor is one of Seattle's most stable employment bases. First Hill is not going to lose its primary industry. Buyers who plan to own for 10+ years are holding a building in a neighborhood with durable institutional demand.
Market Data
First Hill Plaza prices below Belltown and Downtown comparables, reflecting First Hill's lower market prestige rather than any livability deficit.
Entry-level First Hill pricing. The value gap to Belltown comparables is consistent and persistent.
Primary resale segment. City or Cascade Mountain views on upper floors add meaningful premiums.
The upper end of First Hill Plaza's range. Larger floor plans on upper floors with the best view corridors.
First Hill pricing is consistently below Belltown and Downtown for comparable vintage and quality. The discount is durable and provides a reliable margin of safety for buyers who understand the neighborhood. Contact Jeff Reynolds for current listings and recent closed sale data.
Knowledge Base
Before buying any Seattle condo, these guides answer the questions every buyer should resolve about HOA finances, financing eligibility, and closing requirements.
What condo HOA fees cover, how they're calculated, and what to look for in a building's fee structure.
How reserve funds work, what percent-funded means, and why the reserve study matters before you buy.
How rental caps, owner-occupancy ratios, and HOA delinquency rates affect your loan eligibility.
What the resale certificate contains, why it matters, and the key red flags buyers should watch for.
Explore More
Other condos in First Hill at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all First Hill condo buildings →
Frequently Asked Questions
First Hill Plaza is located on First Hill, Seattle, adjacent to the neighborhood's major medical institutions including Swedish Medical Center and Harborview Medical Center. The exact address is to be verified. First Hill is served by the First Hill Streetcar, connecting the neighborhood to Capitol Hill and the International District/Chinatown Link Light Rail Station.
First Hill Plaza has 120 residences. The building was completed in 2002. Contact Jeff Reynolds for current unit mix, floor plan details, and recent comparable sales.
First Hill attracts healthcare professionals employed at the neighborhood's major medical institutions, along with urban buyers priced out of Capitol Hill and Downtown who value the neighborhood's quieter residential character and convenient transit access. The First Hill Streetcar connects residents to Capitol Hill's amenities.
HOA fees at First Hill Plaza are estimated at $400–$850 per month depending on unit size. As a 2002 building, the HOA has a mature fee structure. Contact Jeff Reynolds for verified current figures.
First Hill offers competitive pricing relative to Capitol Hill and Downtown while maintaining excellent transit access and walkable proximity to both neighborhoods. For healthcare professionals and buyers seeking value in a central location, First Hill is one of Seattle's underappreciated condo markets. Jeff Reynolds can provide a full neighborhood comparison.
Your First Hill Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums, with deep expertise in First Hill Plaza and every building in the Seattle Condo Authority Network. If you're buying or selling at First Hill Plaza, Jeff has the data, the relationships, and the track record to represent you.
Jeff tracks every sale at First Hill Plaza, maintains HOA financial data, and knows which floor plans and view orientations hold value best. This depth of building-level knowledge is what separates a specialist from a generalist.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.