Six-Unit Apartment
For Sale
$2,000,000
315 13TH, Seattle, WA 98102
The unit mix includes studios, one-bedroom, and two-bedroom apartments in a walkable Capitol Hill setting.
Property Size5,269 SF
Price / SF$379.58
Days on Market76
Property Features for 315 13TH
General Information
Standard status
Active
Size
5,269 SF
Total Parking Spaces
5
Property subtype
Multi-family
Site & Location
Neighborhood
Broadway
Public Transit
Yes
Units
Unit Mix
1 x studio, 2 x 1BR, 3 x 2BR
Multifamily Units
6
Amenities
private balconies or patios
Building Details
Year Built
1967
Buildings
1
Construction
Marblecrete
Listing Agency:
WPI Real Estate Services,Inc.
Listed By:
TC Wu · License #18933
(206) 849-8858
Source:
Skylineproperties
Added: Aug 23
Changed: Nov 5
Last Checked: Nov 4 at 5:30PM
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 WPI Real Estate Services,Inc.
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Investment Insights
Based on property information with market context.
This 1967 apartment building at 315 13th Ave E contains six units: one studio, two one-bedroom apartments, and three two-bedroom apartments. Five units offer private balconies or patios, while Unit #6 has a Space Needle view. Units #2 and #6 have been completely renovated. Exterior unit access, Marblecrete siding, and updated double-pane windows support a practical, low-maintenance configuration with limited common area. Five on-site parking spaces are included.
Located in Seattle’s Capitol Hill neighborhood, the property has a Walk Score of 91 and sits near Broadway, 15th Ave E, Cal Anderson Park, the light rail station, dining, and nightlife. Long-term tenants are in place, and parking and utilities are currently included in rent. The existing setup also provides separate parking-fee and utility-billing options for future ownership consideration.
Located in Seattle’s Capitol Hill neighborhood, the property has a Walk Score of 91 and sits near Broadway, 15th Ave E, Cal Anderson Park, the light rail station, dining, and nightlife. Long-term tenants are in place, and parking and utilities are currently included in rent. The existing setup also provides separate parking-fee and utility-billing options for future ownership consideration.
Key Highlights
- Six‑unit apartment building with one studio, two one‑bedrooms, and three two‑bedrooms
- Five of six units include private balconies or patios
- Units #2 and #6 have been completely renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,929
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,580
$1.8M
Cap Rate 7%
$1,270,414
$1.3M
Cap Rate 9%
$988,100
$988.1K
Market Conditions
NOI Build-Up for 5,269 SF
Gross rent
$167.6K $31.80/SF
− Vacancy
−$5.9K −$1.11/SF
EGI
$161.7K $30.69/SF
− OpEx
−$72.8K −$13.81/SF
NOI
$88.9K $16.88/SF
Area
Seattle, WA
Vacancy
3.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,580
Cap Rate 7%
$1,270,414
Cap Rate 9%
$988,100
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,929 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $110,964 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,687
Businesses Nearby
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Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Seattle, WA
Properties on Market for Apartment buildings in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes studios, one-bedroom, and two-bedroom apartments in a walkable Capitol Hill setting.
Where is this apartment building located?
The property is located at 315 13TH Seattle, WA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Six‑unit apartment building with one studio, two one‑bedrooms, and three two‑bedrooms; Five of six units include private balconies or patios; Units #2 and #6 have been completely renovated
