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80-Unit Multifamily Assemblage
For Sale
$22,000,000

431 14th Ave, Seattle, WA 98112

Four contiguous parcels combine an operating apartment property with a triplex and two detached houses.

Property SizeContact for details
Lot Size0.60 Acres
Days on Market9

Property Features for 431 14th Ave

General Information

Standard status Active
Lot size 0.60 Acres
Property subtype Multi-Family
Zoning LR3(M)

Additional Details

Public Transit Yes
Multifamily Units 80

Building Details

Year Built 1907
Buildings 4
Listing Agency: R.H. Cooke & Associates
Listed By: Bob Cooke · License #12404
Source: Rhcooke.idxbroker
Added: Sep 18 Changed: Sep 19 Last Checked: Sep 26 at 3:43AM

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 R.H. Cooke & Associates

Investment Insights

Based on property information with market context.

This multifamily assemblage includes the 75-unit Capitola Apartments, a triplex, and two detached houses, totaling 80 units across four contiguous parcels. The apartment building, constructed in 1907, contains studio and one-bedroom units and is professionally managed. The combined land area is approximately 26,100 square feet, with LR3(M) zoning.

The property fronts 14th Avenue East between East Republican and East Mercer in Seattle’s Capitol Hill area. Shops, cafes, and restaurants along 15th Avenue East are one block away, while Capitol Hill light rail is within half a mile. Volunteer Park and Cal Anderson Park are also within walking distance. The property has a Walk Score of 89 and a Bike Score of 91.

Key Highlights

  • 80 total units across four contiguous parcels
  • 75‑unit apartment building plus a triplex and two detached houses
  • Approximately 26,100 square feet of land

Property Analytics

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Current Use

Capitola Apartments Inc Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Electrical Service Mobile Phone Store HVAC Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80
Residential units

Location Intelligence

Trade Area within ½ mile

3,817
Businesses Nearby

Demographics for 98112, WA

23,152
Population
11,670
Households
2
Avg Household Size
39
Median Age
81%
College-Educated
99%
High-School Grad
3.2 sq mi
ZIP Area
7,235
Density / Sq Mi
$162,073
Median Household Income
$84,919
Median Earnings
$2,062
Median Rent
$1,407,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four contiguous parcels combine an operating apartment property with a triplex and two detached houses.
Where is this apartment building located?
The property is located at 431 14th Ave Seattle, WA.
What is the asking price?
The asking price for this property is $22,000,000.
What are key features of this property?
This property features: 80 total units across four contiguous parcels; 75‑unit apartment building plus a triplex and two detached houses; Approximately 26,100 square feet of land
More about this property
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