315 12th Avenue E, Seattle, WA 98102

$1,895,000
4,587
SqFt

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Listing courtesy of Skyline Properties, Inc..

List Price
$1,895,000
Status
ACTIVE
MLS#
2505422
Price Change
▼ $100,000 1779927423
Days on Market
108
Style
55 - 5-9 Units
Finished SqFt
4,587
Area Total SqFt
4587
Annual Tax Ammount
25179
Lot Size (sq ft)
5,994
Sewer
Sewer Connected

Property Description

Turnkey North Capitol Hill Investment. This is a rare opportunity to own a timeless, cash-flowing asset in the heart of Vibrant Capitol Hill. This well-maintained property features 6 spacious corner units offering views of the Space Needle, Downtown Seattle & Olympic Mountains with beautiful original brickwork that adds to the building’s classic charm & curb appeal. 6 large 1-bed, 1-bath + den/NC bedroom, generous living/dining areas, full kitchens & hardwood floors throughout. Secure entry with lobby. All units are above grade with Views and natural light. Driveway to the building’s 12 car parking lot for tenants. Common laundry area. The daylight basement may also offer the opportunity to add 2 additional 1-bedroom units for additional income. Situated on a large lot. This prime location is minutes to Downtown Seattle, Tech Companies, Amazon, Microsoft, Google, Apple, Meta, Adobe, Oracle & more. Residents enjoy easy access to restaurants, shopping, Whole Foods, Costco, Pike Place Market, hospitals, parks, major bus lines, I-5, I-90, and Hwy 99. Walk Score 98 & 3 blocks to Light Rail. Mid-Rise zoning (MR-M1), this property also presents exciting future development potential. A character-rich asset with upside in one of Seattle’s strongest rental markets. Possible Seller Financing. Great property for a 1031 Exchange.

Additional Information

List Date
2026-04-10 00:13:11
Community
North Capitol Hill
Net Operating Income
$107,276
Gross Adjusted Income
$150,084
Gross Scheduled Income
$150,084
Total Monthly Income
$12,507
Insurance Expenses
$3,813
Water/Sewer/Garbage Expenses
$7,665
Gross Rent Multiplier
12.5
Total Expenses
$42,808
Cap Rate
5.7
Total Number of Units
6
Unit Name
315
Potential Terms
Cash, Conventional, Owner Will Carry, See Remarks
Year Built
1928
View
City, Mountains, Territorial
Roof
Torch Down
Site Features
Cable TV, Gas Available, High Speed Internet
Electric Expenses
582
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$12,507
Gross Scheduled Income
$150,084
Gross Adjusted Income
$150,084
Tax Year
2026
Insurance Expense
$3,813
W/S/G Expenses
$7,665
Total Expenses
$42,808
Net Operating Income
$107,276
Gross Rent Multiplier
12.5
Cap Rate
5.7
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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