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215 Boylston Ave E
Seattle, WA 98102
JaMar Boylston · Multifamily Property For Sale · 17 Units

Investment Highlights

  • Prime Turnkey Seattle Investment Opportunity
  • Convenient Tenant Amenities
  • Major Transportation Corridors
  • Exempt from State Rent Control
  • Beautifully Designed Modern Floor Plans

Executive Summary

Capitol Core is an exceptional 17-unit six story apartment community located at 215 Boylston Ave E in Seattle's popular Capitol Hill neighborhood. Situated on a 2,631 square foot parcel of land, the subject property was originally built in 2016 with a Built Green 4 Star certification. Capitol Core features a building area of roughly 5,899 square feet offering tenants modern studio floor plans. Tenants enjoy convenient amenities such as an in-unit washer and dryer, stainless steel appliances, vinyl hardwood flooring, quartz countertops, and private rooftop decks in select units. Capitol Hill is a chic neighborhood just northeast of Downtown Seattle offering a wide array of restaurants, bars, boutiques, breweries, and other lifestyle amenities all within walking distance of the subject property. The neighborhood offers a tight knit atmosphere while being just minutes from the vibrant tourist hotspots in Downtown Seattle. Capitol Core also features close proximity to a multitude of transportation corridors such as Interstate 5, State Route 520, and the Capitol Hill Light Rail Station, offering tenants convenient access to Downtown Seattle, the University of Washington, Bellevue, and other attractive locations. The investment appeal of this asset is driven by Seattle's strong employment fundamentals and low vacancy levels. With a world class location in the heart of Seattle, Capitol Core presents an attractive choice for investors due to its convenient tenant amenities and close proximity to countless high-end shopping, dining, and entertainment options.

Property Facts

Price Per Unit $305,497 CAD
Sale Type Investment
Cap Rate 4.69%
Gross Rent Multiplier 13.51
No. Units 17
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 0.06 AC
Building Size 8,949 SF
Average Occupancy 100%
No. Stories 6
Year Built 2016
Parking Ratio 0.56/1,000 SF
Zoning MR - Multiple Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Lawn
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 17 - 374 - 600

Property Taxes

Property Taxes

Parcel Number
314860-0150
Land Assessment
$1,440,209 CAD
Improvements Assessment
$4,054,318 CAD
Total Assessment
$5,494,527 CAD
  • Listing ID: 40394102

  • Date on Market: 2026-05-04

  • Last Updated:

  • Address: 215 Boylston Ave E, Seattle, WA 98102

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