1815 13th Avenue S, Seattle, WA 98144

$4,295,000
12,117
SqFt

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Listing courtesy of Lee & Associates Commercial RE.

List Price
$4,295,000
Status
ACTIVE
MLS#
2475680
Price Change
▼ $600,000 1773178270
Days on Market
174
Style
56 - 10+ Units
Finished SqFt
12,117
Area Total SqFt
12117
Annual Tax Ammount
43040
Lot Size (sq ft)
7,200
Sewer
Sewer Connected

Property Description

The property reflects true pride of ownership, with extensive upgrades completed in recent years. Improvements include full replacement of in-unit wiring and plumbing, along with comprehensive kitchen and bathroom remodels, ensuring modern comfort, durability, and reduced future capital needs. With an average unit size of 560 SF, the building offers efficient layouts that remain highly competitive in the Beacon Hill rental market. Offering a desirable and efficient unit mix of two studios, thirteen one-bedrooms, and seven two-bedrooms, this 22-unit asset delivers broad renter appeal and strong operational fundamentals. Residents benefit from close proximity to local amenities, outdoor recreation, transit access, and major employment centers—supporting consistent demand in all market cycles.

Additional Information

List Date
2026-02-02 16:28:12
Community
Beacon Hill
Net Operating Income
$295,244
Gross Adjusted Income
$416,100
Gross Scheduled Income
$438,000
Total Monthly Income
$36,500
Insurance Expenses
$21,148
Water/Sewer/Garbage Expenses
$49,293
Gross Rent Multiplier
11.2
Total Expenses
$120,856
Cap Rate
5.2
Vacancy Rate
5
Total Number of Units
22
Unit Name
1815
Potential Terms
Cash
Year Built
1911
View
City, Mountain(s), Sound
Roof
Flat
Other Expenses
7375
Energy Source
Electric
School District
Seattle
Elementary School
Beacon Hill
Middle School
Mercer Mid
High School
Franklin High
Total Monthly Income
$36,500
Gross Scheduled Income
$438,000
Vacancy Rate
5
Gross Adjusted Income
$416,100
Tax Year
2024
Insurance Expense
$21,148
W/S/G Expenses
$49,293
Total Expenses
$120,856
Net Operating Income
$295,244
Gross Rent Multiplier
11.2
Cap Rate
5.2
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.
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