James & Angie Smith

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Listing provided courtesy of KW Greater SeattleNWMLSas Distributed by MLSGrid- MLS# NWM2526828MLS Provider

1312 15th Avenue SSeattle, WA 98144

Multi-Family · 6 Beds · 2,301 Sq. ft. | 0.08 Acres
$899,990 Active

1312 15th Avenue S Overview

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In-city Seattle multifamily rental with strong demand and long-term potential in the highly desirable 98144 / North Beacon Hill area. This property offers dependable rental income, a convenient location, and a clear path to future value through market rent alignment and strategic improvements. With a proven history of long-term tenants and low vacancy, it’s the kind of asset investors look for today, with room to grow. Easy access to downtown Seattle and major commuter routes makes it a smart addition to any portfolio or an excellent first multifamily purchase. This property with solid bones and a beautiful location offers a great opportunity for buyers ready to add value. With a little work and vision, this property has the potential to shine and deliver long-term returns.

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1312 15th Avenue S Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,301
  • Price/Sq.ft. $391
  • Lot 0.08 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle
  • Elementary School: Beacon Hill
  • Middle Or Junior School: Wash Mid

Income/Expenses

  • Other Expense: 1300
  • Electric Expense: 500
  • Fuel Expense: 0
  • Gross Scheduled Income: 54600
  • Insurance Expense: 1026
  • Net Operating Income: 31903
  • Total Expenses: 21197
  • Total Monthly Income: 4550
  • Water/Sewer/Garbage: 9600

Building Information

  • Building Name: Rainier Blvd 3rd Add
  • New Construction: No
  • Year Built: 1945

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 385 - SODO/Beacon Hill
  • Subdivision Name: Beacon Hill

Tax Information

  • Tax Annual Amount: $8,771.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 7133300120
  • Possible Use: Multi-Family
  • Property Condition: Average
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: See Remarks

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2301
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2301
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Leasable Area: 2521
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 4

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Square Feet: 3457
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 4
  • Carport: No
  • Covered Spaces: 4
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1400
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1600
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 750
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 800
  • Beds Total: 1
  • Baths Total: 1

1312 15th Avenue S Neighborhood

Community

98144 (Seattle) Demographics

37
Median Age
6,357
Population Density (per sq. mile)
67%
College Educated
$87,098
Estimated Median Income
6,852
Estimated Total Home Owners
7,411
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1312 15th Avenue S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1312 15th Avenue S Market Data

Based on the last 30 days in this zip code

$976,650
Average List Price
$541
Average Price per Square Foot
25
Properties Sold
69
Average Days on Market
166
Properties for Sale
Calculations provided by Reliance Network

1312 15th Avenue S History

Date Event Value Agent
5/20/2026Source: NWMLS Added to Database
May 20, 2026