Property Details

1441 E Aloha Street
Seattle, WA 98112
$1,685,000
MLS# 2541093 courtesy of NWMLS Listing firm: Ewing & Clark, Inc.

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1441 E Aloha Street , Seattle, WA 98112, Seattle

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1441 E Aloha Street , Seattle, WA 98112, Seattle

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Multi-Family
Property Type
4,756
Bldg Sq Ft
6
Units
7.40%
Cap Rate
1968
Year Built

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
Listed By
J. Casey Losh
Ewing & Clark, Inc.

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