Property Details
1537 15th Avenue NE
Seattle, WA 98144
$700,000
Active
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Property Overview
Perched above the street for added privacy, this legal duplex features two carports and exceptional versatility. Each unit is accessed by its own private stairway and offers a bright, comfortable layout with two bedrooms and one bathroom, filled with natural light. The property also includes a coin-operated washer and dryer for tenant convenience and an additional income opportunity for the owner. It provides quick access to public transit for easy commutes to downtown or the Eastside. Conveniently located near schools, parks, I-5, and I-90, this property presents a unique opportunity to live in one unit and rent the other, rent both as a strong investment property, or explore future development potential. Current rents total $3,300 per month. Both units have maintained a 100% occupancy rate for years, making it a solid cash-generating property. A street appraisal of the exterior is acceptable; however, please do not disturb the occupants. Interior tours are available only with a signed PSA.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Beacon Hill
Listed
Mar 11, 2026
Financial Summary
Cap Rate
3.90%
Net Operating Income
$27,206
Gross Scheduled Income
$39,600
Gross Rent Multiplier
17.68
Total Expenses
$12,394
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
1,680
Leasable Area
1,690 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
3,001 sqft
Year Built
1926
Exterior & Lot
Lot Size
0.07 sqft
Year Built
1926
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Seattle
County
King
Coordinates
47.58875, -122.31412
Additional Information
Tax Year
2026
Annual Taxes
$6,714
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 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.
