1312 15th Avenue S, Seattle, WA 98144
- $899,990
- 2,301
- SqFt
Listing courtesy of KW Greater Seattle.
- List Price
- $899,990
- Status
- ACTIVE
- MLS#
- 2526828
- Days on Market
- 102
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 2,301
- Lot Size (sq ft)
- 3,457
Property Description
In-city Seattle multifamily rental with strong demand and long-term potential in the highly desirable 98144 / North Beacon Hill area. This property offers dependable rental income, a convenient location, and a clear path to future value through market rent alignment and strategic improvements. With a proven history of long-term tenants and low vacancy, it’s the kind of asset investors look for today, with room to grow. Easy access to downtown Seattle and major commuter routes makes it a smart addition to any portfolio or an excellent first multifamily purchase. This property with solid bones and a beautiful location offers a great opportunity for buyers ready to add value. With a little work and vision, this property has the potential to shine and deliver long-term returns.
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Additional Information
- List Date
- 2026-04-15 16:13:13
- Community
- Beacon Hill
- Potential Terms
- Cash, Conventional
- Year Built
- 1945
- View
- Mountains, Territorial
- Roof
- Flat
- School District
- Seattle
- Elementary School
- Beacon Hill
- Middle School
- Wash Mid
- Total Monthly Income
- $4,550
- Gross Scheduled Income
- $54,600
- Gross Adjusted Income
- $53,100
- Tax Year
- 2025
- Insurance Expense
- $1,026
- W/S/G Expenses
- $9,600
- Total Expenses
- $21,197
- Net Operating Income
- $31,903
- Gross Rent Multiplier
- 18.31
- Cap Rate
- 3.2
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.