$4,295,000

27 Beds 23 Baths 12,117 SQFT 0.17 Acres
Type: Multi-Family

1815 13th Avenue S
Seattle, WA 98144

MLS#: 2475680
Presented by: Lee & Associates Commercial RE and NWMLS

Property Description

 

The property reflects true pride of ownership, with extensive upgrades completed in recent years. Improvements include full replacement of in-unit wiring and plumbing, along with comprehensive kitchen and bathroom remodels, ensuring modern comfort, durability, and reduced future capital needs. With an average unit size of 560 SF, the building offers efficient layouts that remain highly competitive in the Beacon Hill rental market. Offering a desirable and efficient unit mix of two studios, thirteen one-bedrooms, and seven two-bedrooms, this 22-unit asset delivers broad renter appeal and strong operational fundamentals. Residents benefit from close proximity to local amenities, outdoor recreation, transit access, and major employment centers—supporting consistent demand in all market cycles.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3

General

AmenitiesSee Remarks
Building Area Units0 sqft
Cap Rate5.2
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsLocated on the corner of S Holgate Street & 13th Avenue South. Directly across from Beacon Hill Playfield
Electric Expense0
Elementary SchoolBeacon Hill
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolFranklin High
High School DistrictSeattle
Insurance Expense21148
Leasable Area12,117 sqft
Listing TermsCash
Living Area0 sqft
Lot Size Square Feet7,200 sqft
Lot Size UnitsSquare Feet
MLS Area385 - SODO/Beacon Hill
Middle/Junior High SchoolMercer Mid
NWM_ShowMapLinkY
Net Operating Income295244
New ConstructionNo
Number Of Units Total22
PossessionClosing
Possible UseMulti-Family
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThe property reflects true pride of ownership, with extensive upgrades completed in recent years. Improvements include full replacement of in-unit wiring and plumbing, along with comprehensive kitchen
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameBeacon Hill
Tax Annual Amount$43,040
Tax Year2024
Units Below Gradefalse
Units In Building Total22
ViewCity, Mountains, Sound
Water CompanyWater District
Water Sewer Garbage49293
Year Built1911
Zoning DescriptionMulti-Family

Exterior

Building Area Total12,117 sqft
Covered Spaces0
Exterior AmenitiesSee Remarks
Irrigation Water Rights Y/NNo
Lot FeaturesAdjacent to Public Land, Alley, Corner Lot, Paved, Sidewalk
Lot Size Acres0.1653
Parking Uncovered Total0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Mercer Mid
Elementary School Beacon Hill Elementary School
High School Franklin High

  

Similar Properties

$4,295,000

27 Beds 23 Baths 12,117 SQFT 0.17 Acres
Type: Multi-Family

1815 13th Avenue S
Seattle, WA 98144

MLS#: 2475680