315 12th Avenue E, Seattle, WA 98102
- $1,795,000
- 4,587
- SqFt
Listing courtesy of Skyline Properties, Inc..
- List Price
- $1,795,000
- Status
- ACTIVE
- MLS#
- 2505422
- Price Change
- ▼ $100,000 1786656987
- Days on Market
- 125
- 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 6 Plex Investment in the heart of a Vibrant Community. This well-maintained property features 6 spacious corner units with views of the Space Needle, DT Seattle & Olympic Mountains. 6 units w/1-bed, 1-bath + den/bedroom, large living/dining areas, full kitchens, hardwood floors throughout & secure entry with lobby. This building includes a 12-car parking lot for tenants & income. The lot has a high value with MR-M1 Zoning. Common laundry area in the large daylight basement & may offer the opportunity to add 2 additional 1-bed units for additional income. Prime location minutes to DT Seattle, Tech Companies, Amazon, Microsoft, Google, Apple, Meta. Near Broadway, Whole Foods, Costco, Pike Place Market, hospitals, parks, major bus lines, I-5, I-90, & Hwy 99. Walk Score 98 & 3 blocks to Light Rail. A character-rich asset in one of Seattle’s strongest rental markets. Solid cash-flowing property for Investors & 1031 Exchange. Future development potential with MR-M1 Zoning. Google MR-M1 Zoning. Possible seller financing.
Additional Information
- List Date
- 2026-04-09 16:37:11
- 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
- 11.9
- Total Expenses
- $42,808
- Cap Rate
- 6.2
- Total Number of Units
- 6
- Unit Name
- 315
- Potential Terms
- Assumable, 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
- 11.9
- Cap Rate
- 6.2
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.