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Renovated Triplex with Parking

1113 15th Ave Seattle, WA 98122

1113 15th Ave, Seattle, WA, 98122
Contact for pricing
For Sale
Contact for pricing
Pending

Triplex features remodeled units, full-size in-unit washer/dryers, forced-air gas heat, and garage plus off-street parking.

Days on Market103

Property Features for 1113 15th Ave

General Information

Standard status
Pending
Property subtype
Multifamily
Listing agency Real Property Associates
Listed by Gordon Stephenson · License #WA
Source Crexi
Added: Apr 12 Updated: Jul 23 at 4:14AM Checked: Jul 23 at 4:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Property Associates


Investment Insights

Based on property information with market context.

This renovated triplex includes three separate units. Unit 1115 is a two-level 4-bed, 2-bath layout with high ceilings, a large kitchen, extensive office space, city views, a west-facing deck, and a top-to-bottom remodel completed in 2018, including a primary suite. Unit 1113 is a 3-bed, 1.5-bath home with similar spaciousness and high ceilings, along with extensive upgrades completed in 2021. Unit 1113 1/2 offers a large 1-bedroom configuration with a big kitchen plus living and office space.

All units include full-size washer/dryer. The property provides a 1-car garage and off-street parking for at least 5 vehicles. Forced air gas heat and gas hot water are installed and all new as of 2019.

Set on a quiet, tree-lined street with a Walk Score of 80, the property is within an easy walk to light rail, First Hill, Seattle U, and a wide variety of restaurants and shopping. The current cap rate is stated at 4.6%, despite below-market rents.

Key Highlights

  • Current 4.6% CAP (despite below‑market rents)
  • 3‑unit triplex with unit mix: 4 bed/2 bath (1115), 3 bed/1.5 bath (1113), and 1 bed (1113 1/2)
  • 2018 top‑to‑bottom remodel in 1115 with primary suite, large kitchen, extensive office space, and west‑facing deck with city views

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Mobile Phone Store Butcher Pet Store & Service Tanning Salon (Bike/Boat/Book/etc) Store Auto Parts Store Clothing & Fashion Store Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex features remodeled units, full-size in-unit washer/dryers, forced-air gas heat, and garage plus off-street parking.
Where is this triplex located?
The property is located at 1113 15th Ave Seattle, WA.
What are key features of this property?
This property features: Current 4.6% CAP (despite below‑market rents); 3‑unit triplex with unit mix: 4 bed/2 bath (1115), 3 bed/1.5 bath (1113), and 1 bed (1113 1/2); 2018 top‑to‑bottom remodel in 1115 with primary suite, large kitchen, extensive office space, and west‑facing deck with city views
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