315 13th Avenue E, Seattle, WA 98102
Courtesy of WPI Real Estate Services, Inc.
- $2,100,000
- 5,269
- SqFt
- List Price
- $2,100,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2582746
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1967
- Living Area
- 5,269
- Lot Size
- 5,006
- Acres
- 0.11
- Subdivision
- Capitol Hill
- Neighborhood
- Capitol Hill
- MLS Area Major
- Central Seattle
Property Description
Rare opportunity to own a well-maintained six-unit apartment building in the heart of Capitol Hill, one of Seattle's most sought-after rental neighborhoods. With a Walk Score of 91 (Walker's Paradise), residents are steps from Broadway, 15th Ave E, Cal Anderson Park, the light rail station, and some of the city's best dining and nightlife. The building offers a versatile unit mix: 1 studio, 2 one-bedrooms, and 3 two-bedrooms. Five of the six units feature private balconies or patios, and Unit #6 boasts a Space Needle view. Unit #2 and #6 have been completely renovated, showcasing the finish level achievable across the remaining units as they turn. Designed for low-maintenance ownership, the building features exterior unit access with minimal common area to maintain, durable Marblecrete siding, and updated double-pane windows throughout. 5 on-site parking spaces are a premium amenity in this dense urban neighborhood. Long-term tenants provide stable income. Parking and utilities are presently included in rent, giving the next owner a clear path to increase revenue through separate parking fees and utility billing, in addition to rent increases. A solid, easy-to-operate asset in an A+ location with multiple value-add levers. Ideal for an investor seeking durable cash flow with meaningful upside.
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Cement/Concrete, Stucco
- Property Description
- 55 - 5-9 Units
- Flooring
- Ceramic Tile, Hardwood
- Heating
- Wall Furnace
- Air Conditioning
- None
- Roof
- Flat
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- View
- Territorial
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