315 12th Ave E Seattle, WA 98102
Capitol Hill NeighborhoodEstimated payment $12,737/month
Highlights
- City View
- Wood Flooring
- High Speed Internet
- Garfield High School Rated A
- No HOA
- 3-minute walk to Broadway Hill Park
About This Home
Turnkey North Capitol Hill Investment. The Rhodes Apartment Building is a rare opportunity to own a timeless, cash-flowing asset in the heart of Vibrant Capitol Hill. This well-maintained property features 6 well-appointed spacious corner units offering views of the Space Needle, Downtown Seattle & Olympic Mountains with beautiful original brickwork that adds to the building’s classic charm & curb appeal. 6 large 1-bed, 1-bath + den/NC bedroom, generous living/dining areas, full kitchens & hardwood floors throughout. Secure entry with lobby. Common laundry area. All units are above grade. Driveway to the building’s 12 car parking lot for tenants. The daylight basement may also offer the opportunity to add 2 additional 1-bedroom units for additional income. Situated on a 5,994 sqft lot with Mid-Rise zoning (MR-M1), this property also presents exciting future development potential. This prime location is minutes to Downtown Seattle, Tech Companies, Amazon, Microsoft, Google, Apple, Meta, Adobe, Oracle & more. Residents enjoy easy access to restaurants, shopping, Whole Foods, Costco, Pike Place Market, hospitals, parks, major bus lines, I-5, I-90, and Hwy 99. Walk Score 98 & 3 blocks to Light Rail. A character-rich asset with upside in one of Seattle’s strongest rental markets. Possible Seller Financing.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2505422
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,179
Year Built
- Built in 1928
Lot Details
- 5,994 Sq Ft Lot
Property Views
- City
- Territorial
Home Design
- Brick Exterior Construction
- Slab Foundation
- Bitumen Roof
- Wood Siding
Interior Spaces
- 4,587 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Utilities
- Radiator
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Rhodes Apartment Building Condos
- North Capitol Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 6852700176
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $23,368 | $2,398,600 | $2,397,600 | $1,000 |
| 2023 | $22,933 | $2,398,600 | $2,397,600 | $1,000 |
| 2022 | $19,828 | $2,216,000 | $2,097,900 | $118,100 |
| 2021 | $22,129 | $2,123,000 | $2,097,900 | $25,100 |
| 2020 | $22,568 | $2,268,000 | $2,247,700 | $20,300 |
| 2018 | $17,182 | $2,049,000 | $1,168,800 | $880,200 |
| 2017 | $16,897 | $1,711,000 | $1,168,800 | $542,200 |
| 2016 | $14,573 | $1,746,000 | $659,300 | $1,086,700 |
| 2015 | -- | $1,464,000 | $659,300 | $804,700 |
| 2014 | -- | $1,205,000 | $659,300 | $545,700 |
| 2013 | -- | $1,147,000 | $769,500 | $377,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/09/2026 04/09/26 | For Sale | $1,995,000 | +33.0% | $435 / Sq Ft | |
| 12/20/2024 12/20/24 | Sold | $1,500,000 | -16.7% | $327 / Sq Ft | View Prior Sale |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- | |
| 11/20/2024 11/20/24 | For Sale | $1,799,900 | 0.0% | $392 / Sq Ft | |
| 11/05/2024 11/05/24 | Pending | -- | -- | -- | |
| 10/14/2024 10/14/24 | For Sale | $1,799,900 | -- | $392 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2505422
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.