913 13th Ave - Apartments FOR SALE


Seattle, WA 98122- Minor
$3,500,000 USD
425-327-9320
913 13th Ave, Seattle, WA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/19
null | 6.39% Cap Rate

913 13th Ave
Seattle, WA 98122
Minor


HIGHLIGHTS

  • Three Separate Buildings on Three Tax Parcels
  • Turnkey Asset: Well-maintained property with limited near-term capital expenditure requirements
  • In-Unit Laundry: Washers and dryers in half the units, a key tenant amenity supporting rent premiums
  • On-Site Parking: 11 dedicated parking spaces, enhancing tenant appeal and income potential
  • “A+” Urban Neighborhood: Located in one of Seattle’s most vibrant, walkable, and amenity-rich submarkets

OVERVIEW

Paragon Real Estate Advisors is pleased to present the exclusive offering of Court 13 Apartments, a rare multifamily investment opportunity in Seattle’s highly sought-after Capitol Hill neighborhood. Offered for the first time in over 25 years, Court 13 benefits from a premier, amenity-rich location combined with strong asset quality, making it a compelling opportunity for both long-term investors and value-add buyers. Court 13 consists of three turnkey 4-unit buildings situated on three separate tax parcels. Two of the buildings, located at 913 and 915 13th Avenue and constructed in 1997, feature well-designed modern floor plans and desirable in-unit laundry in six units. Building 913 includes two 1-bed/1-bath and two 2-bed/1-bath units, featuring updated luxury vinyl plank flooring and contemporary finishes. Building 915 offers two 2-bed/1-bath units and two spacious 3-bed/2-bath townhouse-style units, highlighted by hardwood flooring, carpeting, and updated kitchens and bathrooms. The third building, located at 917 13th Avenue and originally constructed in 1900, comprises four heavily updated 1-bed/1-bath units featuring new cabinetry, stone countertops, modern bath vanities and tub surrounds, along with updated flooring and interior paint. The property’s location in Capitol Hill—one of Seattle’s most vibrant and supply-constrained rental submarkets—supports consistent renter demand and long-term rent growth. Residents benefit from exceptional walkability and transit access, with convenient connectivity to Downtown Seattle, major employment centers, and the University District. The neighborhood’s dense concentration of retail, dining, nightlife, and lifestyle amenities continues to attract young professionals, creatives, and tech workers, driving strong occupancy and durable cash flow. For investors, Court 13 offers a compelling combination of stable in-place income, long-term appreciation potential, and enduring market appeal in one of Seattle’s most desirable urban rental environments.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

9

PRICE/UNIT

$388,889

CAP RATE

6.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Court 13 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,936 SF

ZONING

LR3 (M)

APN/PARCEL ID

225450-0690,225450-0692,225450-0700

ASK ABOUT THIS PROPERTY

Nick HemmingParagon Real Estate AdvisorsMore Info
425-327-9320

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Nick HemmingParagon Real Estate AdvisorsMore Info
425-327-9320

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.