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MLS: #NWM2505422, Listed By: Scott Fladseth, Skyline Properties, Inc., Source:NWMLS - Northwest Multiple Listing Service

315 12th Avenue

Seattle, WA 98102
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Bed 0

Bed

Bath 0

Bath

SqFt4,587

Sqft

Acres0.14

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,895,000

AD Id : 76938849

MLS Id : NWM2505422

Lot Size : 0.14 Acre

Living Area Size : 4,587

Year Built : 1928

County : King

Subdivision: Southpointe Shores

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Feature Features

  • Interior Features

    Roof: Torch Down Appliances: Tankless Water Heater

    Roofing Information

    Torch Down
  • Flooring Information

    Flooring: Hardwood, Vinyl Construction Materials: Brick, Wood
  • Heating & Cooling

    Heating: Radiator Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1928
  • Exterior Features

    Brick, Wood Construction Materials: Brick, Wood Foundation Details: Slab

  • Lot Information

    Lot Description: Curbs, Paved, Sidewalk Lot Square Feet: 5994 Lot Acres: 0.1376

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1995000

  • Tax Information

    Annual Tax: $25179 Tax Year: 2026 Parcel Number: 6852700176

  • Parking Information

    Total Parking: 12

  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: North Capitol Hill City: Seattle Direction: GPS is correct.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
812 E Gwinn Place, Seattle, WA, 98102 $1,375,000 -- -- 3,580 3,580 SqFt
2025 Boylston Avenue, Seattle, WA, 98102 $2,295,000 -- -- 5,240 5,240 SqFt
2020 Eastlake Avenue, Seattle, WA, 98102 $1,475,000 -- -- 3,000 3,000 SqFt
702 11th Avenue, Seattle, WA, 98102 $1,375,000 -- -- 3,830 3,830 SqFt
741 Federal Avenue, Seattle, WA, 98102 $3,250,000 -- -- 7,165 7,165 SqFt
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ByOwner last updated this listing 06/23/2026 @ 18:20

MLS: NWMLS #2505422 LISTED BY: Scott Fladseth, Skyline Properties, Inc. 425-455-2065 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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