Renovated Triplex with
For Sale
Contact for pricing
Pending
1113 15th Ave, Seattle, WA 98122
Triplex features remodeled units, full-size in-unit washer/dryers, forced-air gas heat, and garage plus off-street parking.
Property SizeContact for details
Days on Market144
Property Features for 1113 15th Ave
General Information
Standard status
Pending
Total Parking Spaces
6
Property subtype
Multifamily
Additional Details
Cap Rate
4.6%
Multifamily Units
3
Listing Agency:
Real Property Associates
Listed By:
Gordon Stephenson · License #WA
Source:
Crexi
Added: Apr 12
Changed: Aug 23
Last Checked: Sep 1 at 2:29AM
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.
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
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
9,710
Businesses Nearby
Explore this area
Business Placement
Demographics for 98122, WA
41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
