315 12th Avenue E

Seattle, Washington WA98102-5842

Stately, classic brick six unit apartment building, with stunning original brickwork, terra cotta details and parapet wall, in prime location on Capital Hill. Rarely vacant, each unit is a large one bedroom with hardwood floors, living/dining rooms, and other vintage features. Six car carport off driveway on the west side of the building, common secure entry, and all units above grade. Walk Score of 98, just two blocks to Broadway and three to Link Light Rail. 5,994' lot with Mid Rise zoning (MR-M1). Full basement with large storage area and common laundry. Views of Seattle from this prime time location.

About This Property

Listing ID1923670
SqFt 4,587
Acres 0.138
SubdivisionNorth Capitol Hill
Year Built1928
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision North Capitol Hill
Year Built 1928
Building Area Units Square Feet
Flooring Hardwood
Furnished Unfurnished
Heating Cooling Type Radiant
Interior Features Hardwood
Living Area Units Square Feet
Stories Total 3
Carport Spaces 6
Elevation Units Feet
Exterior Features Brick
Lot Size Square Feet 5994
Lot Size Units Square Feet
MLS Lot Size Source Public
Number Of Units Total 6
Parking Total 6
Roof Torch Down
Sewer Sewer Connected
Sewer Company SPU
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 6
Utilities Sewer Connected, Natural Gas Connected
Water Company SPU
Water Sewer Garbage 9006
Water Source Public
Building Area Total 4587
Country US
Elementary School Buyer To Verify
High School Buyer To Verify
High School District Seattle
Middle Or Junior School Buyer To Verify
MLS Area Major 390 - Central Seattle
View City
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Basement
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Company SCL
Power Production Type Natural Gas
Preliminary Title Ordered yes
Property Condition Fair
Year Built Effective 1990
Cap Rate 2.63
Electric Expense 116
Fuel Expense 3875
Gross Adjusted Income 113082
Gross Rent Multiplier 24.88
Gross Scheduled Income 116580
Insurance Expense 5087
Leasable Area 4587
Leasable Area Units Square Feet
Leased Items Washer/Dryer
Net Operating Income 76368
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 22128
Tax Year 2021
Total Expenses 40212
Total Monthly Income 9070
Vacancy Rate 3

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315 12th Avenue E Seattle, WA 98102

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Active Listing courtesy of Real Property Associates
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