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815 15th Ave E 6 Unit Apartment Building $2,472,272 CAD ($412,045 CAD/Unit) 4.87% Cap Rate Seattle, WA 98112
INVESTMENT HIGHLIGHTS
- Boutique 6-Unit Apartment Building
- On-Site Laundry & Storage Space - Value-Add Potential
- Desirable Unit Mix of Studio, 1-Bed and 2-Bed Apartments
- All New Electrical Panels Installed
- 5 Off-Street Parking Spaces
EXECUTIVE SUMMARY
Seller Financing Available.
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,472,272 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $412,045 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.87% | Building Size | 3,964 SF |
| Gross Rent Multiplier | 13.16 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1902 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | NR3 | ||
| Price | $2,472,272 CAD |
| Price Per Unit | $412,045 CAD |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| Gross Rent Multiplier | 13.16 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,964 SF |
| No. Stories | 3 |
| Year Built | 1902 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | NR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 510 |
| 2+1 | 3 | - | 750 - 850 |
| Studios | 2 | - | 494 - 510 |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 133730-0110 | Total Assessment | $2,315,223 CAD |
| Land Assessment | $1,506,619 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $808,605 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
133730-0110
Land Assessment
$1,506,619 CAD
Improvements Assessment
$808,605 CAD
Total Assessment
$2,315,223 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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815 15th Ave E
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