Property Details
815 15th Avenue E
Seattle, WA 98112
$1,695,000
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Property Overview
Boutique 6-unit apartment building in Capitol Hill featuring a desirable mix of studio, 1- and 2-bedroom units. On-site laundry and storage space, with added potential to convert space for in-unit washer/dryer installations in additional units. Copper, PVC and Galvanized Plumbing. All electrical panels in units and main panel replaced in April 2025. Value add potential with 18%+ upside in rental income. Fantastic Capitol Hill location in a desirable neighborhood, close to Link Light Rail Station, Volunteer Park, retail and restaurants, errands and groceries.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
Aug 12, 2026
Structure Type
Multi Family
Parcel Number
1337300110
Tax & HOA
Annual Property Tax
$18,183 (2026)
Est. Monthly Tax
$1,515/mo
Financial Summary
Cap Rate
4.78%
Net Operating Income
$81,193
Gross Scheduled Income
$141,725
Gross Rent Multiplier
11.96
Total Expenses
$54,316
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,964
Leasable Area
3,964 sqft
Total Units
6
Lot Size
6,068 sqft
Year Built
1902
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1902
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
On I-5 N, take exit 168A for Lakeview Blvd. Turn Left on Lakeview Blvd. Right on Harvard Ave E. Right on E Boston St. Slight right and site will be on the right.
Location
City
Seattle
County
King
Coordinates
47.62655, -122.31291
Additional Information
Tax Year
2026
Annual Taxes
$18,183
Possession
Array
Based on information submitted to the MLS GRID as of August 12, 2026 6:15 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.
