Updated Duplex with Detached
For Sale
$985,000
1543 15TH, Seattle, WA 98144
Each residence has three bedrooms, two full baths, a private utility room, and its own gas forced-air furnace.
Property Size2,490 SF
Price / SF$395.58
Days on Market14
Property Features for 1543 15TH
General Information
Standard status
Active
Size
2,490 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1905
Listing Agency:
COMPASS
Listed By:
Kevin Lam
(347) 989-5267
Source:
Skylineproperties
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 20 at 11:20PM
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 COMPASS
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Investment Insights
Based on property information with market context.
Built in 1905, this legal duplex contains 2,490 square feet across two residences, each with 3 bedrooms and 2 full baths. Both interiors were reconstructed with updated plumbing and electrical systems, individual gas forced-air furnaces, vinyl windows, and engineered hardwood flooring. Kitchens have slab granite counters and stainless appliances; bathrooms feature porcelain tile. Each unit also has a separate utility room.
Recent work includes a roof replacement in 2024, exterior painting in 2025, and new interior paint in the lower unit. The corner property includes a fenced yard, deck, four off-street parking spaces, and a detached one-car garage. It is in North Beacon Hill, with territorial views and access minutes from Beacon Hill Light Rail, I-5, I-90, and downtown Seattle.
Recent work includes a roof replacement in 2024, exterior painting in 2025, and new interior paint in the lower unit. The corner property includes a fenced yard, deck, four off-street parking spaces, and a detached one-car garage. It is in North Beacon Hill, with territorial views and access minutes from Beacon Hill Light Rail, I-5, I-90, and downtown Seattle.
Key Highlights
- Legal duplex with two 3‑bedroom, 2‑bath residences
- 2,490 square feet; built in 1905
- Updated plumbing and electrical, individual gas forced‑air furnaces, vinyl windows, and engineered hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,943
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,860
$898.9K
Cap Rate 7%
$642,043
$642.0K
Cap Rate 9%
$499,367
$499.4K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$67.2K $27.00/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$64.2K $25.79/SF
− OpEx
−$19.3K −$7.74/SF
NOI
$44.9K $18.05/SF
Area
Seattle, WA
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,860
Cap Rate 7%
$642,043
Cap Rate 9%
$499,367
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.8K – $749.1K
NOI $44,943 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$600.4K
$525.3K – $700.4K
NOI $42,026 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,439 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 98144, WA
32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full baths, a private utility room, and its own gas forced-air furnace.
Where is this duplex located?
The property is located at 1543 15TH Seattle, WA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Legal duplex with two 3‑bedroom, 2‑bath residences; 2,490 square feet; built in 1905; Updated plumbing and electrical, individual gas forced‑air furnaces, vinyl windows, and engineered hardwood floors
