Property Details
1312 15th Avenue S
Seattle, WA 98144
$999,900
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 16
Property Overview
In-city Seattle multifamily rental with strong demand and long-term potential in the highly desirable 98144 / North Beacon Hill area. This property offers dependable rental income, a convenient location, and a clear path to future value through market rent alignment and strategic improvements. With a proven history of long-term tenants and low vacancy, it’s the kind of asset investors look for today, with room to grow. Easy access to downtown Seattle and major commuter routes makes it a smart addition to any portfolio or an excellent first multifamily purchase. This property with solid bones and a beautiful location offers a great opportunity for buyers ready to add value. With a little work and vision, this property has the potential to shine and deliver long-term returns.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Beacon Hill
Listed
Apr 15, 2026
Financial Summary
Cap Rate
3.20%
Net Operating Income
$31,903
Gross Scheduled Income
$54,600
Gross Rent Multiplier
18.31
Total Expenses
$21,197
Building & Use
Building Sq Ft
2,301
Leasable Area
2,521 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
3,459 sqft
Year Built
1945
Exterior & Lot
Lot Size
0.08 sqft
Year Built
1945
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Location
City
Seattle
County
King
Coordinates
47.59110, -122.31379
Additional Information
Tax Year
2025
Annual Taxes
$8,771
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
