815 15th Avenue E, Seattle, WA 98112
- $1,695,000
- 3,964
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $1,695,000
- Status
- ACTIVE
- MLS#
- 2568186
- Days on Market
- 33
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,964
- Lot Size (sq ft)
- 6,070
Property Description
Boutique 6-unit apartment building in Capitol Hill featuring a desirable mix of studio, 1- and 2-bedroom units. On-site laundry and storage space, with added potential to convert space for in-unit washer/dryer installations in additional units. Copper, PVC and Galvanized Plumbing. All electrical panels in units and main panel replaced in April 2025. Value add potential with 18%+ upside in rental income. Fantastic Capitol Hill location in a desirable neighborhood, close to Link Light Rail Station, Volunteer Park, retail and restaurants, errands and groceries.
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Additional Information
- List Date
- 2026-08-12 18:08:14
- Community
- Capitol Hill
- Potential Terms
- Cash, Conventional, Owner Will Carry, See Remarks
- Year Built
- 1902
- Roof
- Composition
- School District
- Seattle
- Total Monthly Income
- $11,810
- Gross Scheduled Income
- $141,725
- Vacancy Rate
- 5
- Gross Adjusted Income
- $135,509
- Tax Year
- 2026
- Insurance Expense
- $4,369
- W/S/G Expenses
- $9,192
- Total Expenses
- $54,316
- Net Operating Income
- $81,193
- Gross Rent Multiplier
- 11.96
- Cap Rate
- 4.78
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.