315 13th Avenue E, Seattle, WA 98102
- $2,100,000
- 5,269
- SqFt
Listing courtesy of WPI Real Estate Services, Inc..
- List Price
- $2,100,000
- Status
- ACTIVE
- MLS#
- 2582746
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,269
- Area Total SqFt
- 5269
- Annual Tax Ammount
- 19424
- Lot Size (sq ft)
- 5,006
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a well-maintained six-unit apartment building in the heart of Capitol Hill, one of Seattle's most sought-after rental neighborhoods. With a Walk Score of 91 (Walker's Paradise), residents are steps from Broadway, 15th Ave E, Cal Anderson Park, the light rail station, and some of the city's best dining and nightlife. The building offers a versatile unit mix: one studio, two one-bedrooms, and three two-bedrooms. Five of the six units feature private balconies or patios, and Unit 6 boasts a Space Needle view. Unit 2and 6 have been completely renovated, showcasing the finish level achievable across the remaining units as they turn. Designed for low-maintenance ownership, the building features exterior unit access with minimal common area to maintain, durable Marblecrete siding, and updated double-pane windows throughout. Five on-site parking spaces are a premium amenity in this dense urban neighborhood. Long-term tenants provide stable income, while current rents sit below market. Parking and utilities are presently included in rent, giving the next owner a clear path to increase revenue through separate parking fees and utility billing, in addition to rent increases on turnover. A solid, easy-to-operate asset in an A+ location with multiple value-add levers. Ideal for an investor seeking durable cash flow with meaningful upside.
Additional Information
- List Date
- 2026-09-15 06:13:11
- Community
- North Capitol Hill
- Net Operating Income
- $190,467
- Gross Adjusted Income
- $142,765
- Gross Scheduled Income
- $196,358
- Total Monthly Income
- $13,585
- Insurance Expenses
- $6,815
- Water/Sewer/Garbage Expenses
- $10,862
- Gross Rent Multiplier
- 14.27
- Total Expenses
- $75,234
- Cap Rate
- 3.22
- Vacancy Rate
- 3
- Total Number of Units
- 6
- Unit Name
- 315
- Potential Terms
- Cash, Conventional
- Year Built
- 1967
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 38133
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $13,585
- Gross Scheduled Income
- $196,358
- Vacancy Rate
- 3
- Gross Adjusted Income
- $142,765
- Tax Year
- 2026
- Insurance Expense
- $6,815
- W/S/G Expenses
- $10,862
- Total Expenses
- $75,234
- Net Operating Income
- $190,467
- Gross Rent Multiplier
- 14.27
- Cap Rate
- 3.22
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.