Property Details
1441 E Aloha Street
Seattle, WA 98112
$1,685,000
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Property Overview
East Aloha Apartments is a historic six-unit multifamily investment opportunity at the corner of 15th Avenue East and East Aloha Street in Seattle's highly sought-after North Capitol Hill neighborhood. For the first time on the market in over 80 years, this boutique asset offers a rare opportunity to acquire a well-located property in one of the city's most desirable residential communities. The building showcases a distinctive mid-century modern design with spacious one- and two-bedroom layouts, many featuring individual entrances that enhance privacy and livability. With a 92 Walk Score, residents benefit from immediate proximity to iconic Volunteer Park and the vibrant amenities along 15th Ave E, Broadway, and Pike-Pine Corridor, including popular cafes, acclaimed dining, and retail. Situated at a major bus stop, the property has convenient transit access to Downtown Seattle and major employment and education hubs. Primed for improvement and priced at assessed value, the property presents a lucrative venture with significant value-add potential, allowing investors to renovate and maximize rents. Assets of this quality and location seldom come to market, making this a truly exceptional investment opportunity.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
Jun 18, 2026
Structure Type
Multi Family
Parcel Number
1337300105
Tax & HOA
Annual Property Tax
$17,931 (2026)
Est. Monthly Tax
$1,494/mo
Financial Summary
Cap Rate
7.40%
Net Operating Income
$124,471
Gross Scheduled Income
$180,744
Gross Rent Multiplier
9.70
Total Expenses
$49,607
Vacancy Rate
4.0%
Building & Use
Building Sq Ft
4,756
Leasable Area
4,706 sqft
Total Units
6
Zoning
Residential
Possible Use
Residential
Lot Size
6,307 sqft
Year Built
1968
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1968
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Brick, Wood
Community & Access
Directions
From 23rd Ave East, head east on E Aloha St until reach the 4-way stop at 15th Ave E . Property on the southeast corner of 15th and Aloha.
Location
City
Seattle
County
King
Coordinates
47.62671, -122.31291
Additional Information
Tax Year
2026
Annual Taxes
$17,931
Possession
Array
