1815 13th Avenue S, Seattle, WA 98144
- $4,295,000
- 12,117
- SqFt
Listing courtesy of Lee & Associates Commercial RE.
- List Price
- $4,295,000
- Status
- ACTIVE
- MLS#
- 2475680
- Price Change
- ▼ $600,000 1773178270
- Days on Market
- 224
- Style
- 56 - 10+ Units
- Finished SqFt
- 12,117
- Lot Size (sq ft)
- 7,200
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.
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Additional Information
- List Date
- 2026-02-02 16:21:32
- Community
- Beacon Hill
- Potential Terms
- Cash
- Year Built
- 1911
- View
- City, Sound
- Roof
- Flat
- 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
Mortgage Calculator
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.