815 15th Ave E - Apartments FOR SALE


Seattle, WA 98112- Capitol Hill
$1,795,000 USD
815 15th Ave E, Seattle, WA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/8
null | 4.87% Cap Rate

815 15th Ave E
Seattle, WA 98112
Capitol Hill


HIGHLIGHTS

  • Boutique 6-Unit Apartment Building
  • All New Electrical Panels Installed
  • On-Site Laundry & Storage Space - Value-Add Potential
  • 5 Off-Street Parking Spaces
  • Desirable Unit Mix of Studio, 1-Bed and 2-Bed Apartments

OVERVIEW

Seller Financing Available. 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.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

6

PRICE/UNIT

$299,167

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,072 SF

ZONING

NR3

APN/PARCEL ID

133730-0110

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