Property Details

913 13th Ave

Seattle, WA 98122

$3,300,000

Pending

CBA# 709197 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

7,924

Bldg Sq Ft

Units

6.00%

Cap Rate

1997

Year Built

Property Overview

We are pleased to present the exclusive offering of Court 13 Apartments, a rare multifamily investment opportunity in Seattle’s highly sought-after Capitol Hill neighborhood. Offered for the first time in over 25 years, Court 13 benefits from a premier, amenity-rich location combined with strong asset quality, making it a compelling opportunity for both long-term investors and value-add buyers.Court 13 consists of three turnkey 4-unit buildings situated on three separate tax parcels. Two of the buildings, located at 913 and 915 13th Avenue and constructed in 1997, feature well-designed modern floor plans and desirable in-unit laundry in 6 units. Building 913 includes two 1-bed/1-bath and two 2-bed/1-bath units, featuring updated luxury vinyl plank flooring and contemporary finishes. Building 915 offers two 2-bed/1-bath units and two spacious 3-bed/2-bath townhouse-style units, highlighted by hardwood flooring, carpeting, and updated kitchens and bathrooms. The third building, located at 917 13th Avenue and originally constructed in 1900, comprises four heavily updated 1-bed/1-bath units featuring new cabinetry, stone countertops, modern bath vanities and tub surrounds, along with updated flooring and interior paint.The property’s location in Capitol Hill—one of Seattle’s most vibrant and supply-constrained rental submarkets—supports consistent renter demand and long-term rent growth. Residents benefit from exceptional walkability and transit access, with convenient connectivity to Downtown Seattle, major employment centers, and the University District. The neighborhood’s dense concentration of retail, dining, nightlife, and lifestyle amenities continues to attract young professionals, creatives, and tech workers, driving strong occupancy and durable cash flow. For investors, Court 13 offers a compelling combination of stable in-place income, long-term appreciation potential, and enduring market appeal in one of Seattle’s most desirable urban rental environments.