Well positioned in Seattle’s premier North Capitol Hill neighborhood at the corner of 15th Ave E and E Galer St, this fourplex offers an exceptional investment opportunity directly across from iconic Volunteer Park, renowned for its Olmsted-designed landscape. The property benefits from a highly walkable, transit-oriented location with convenient access to South Lake Union, Downtown Seattle, and the Eastside, making it especially attractive to tenants seeking both connectivity and neighborhood charm. The building features classic mid-century architecture and a preferable unit mix comprised of three one-bedroom units and one two-bedroom unit, appealing to a broad renter base. Residents enjoy desirable amenities including four off-street parking spaces, on-site laundry, dedicated storage, and updated dual-pane windows that enhance comfort and efficiency. In addition to its stable and profitable current operations and income upside, the property presents a compelling redevelopment opportunity. Situated on a 4,640 square foot LR3-zoned parcel, the site offers significant upside potential for future townhome development, allowing investors to capitalize on the area’s continued growth and demand. This is a unique opportunity to acquire a well-located, income-producing asset with immediate stability, income upside, and long-term development potential in one of Seattle’s desirable neighborhoods.
| MLS # | 2503402 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 166 |
| Listing Provided By | Kidder Mathews | Dan Swanson |
| SQ Feet | 3,695 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.11 |
| Property | 15896 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98112 |
| Area | 390 Central Seattle |
| Community Name | North Capitol Hill |
| School District | Garfield High |
| Elementary School | Stevens |
| High School | Garfield High |
| Listing VS Median (in North Capitol Hill) | |
Price: $1,425,000 low | high Med: $1,250,000 sqft: 3,695 low | high Med: 1,781 $ / sqft: $386 low | high Med: $702 On site: 166 low | high Med: 46 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98112 |
| Area | 390 Central Seattle |
| Community Name | North Capitol Hill |
| School District | Garfield High |
| Elementary School | Stevens |
| High School | Garfield High |
| Listing VS Median (in North Capitol Hill) | |
Price: $1,425,000 low | high Med: $1,250,000 sqft: 3,695 low | high Med: 1,781 $ / sqft: $386 low | high Med: $702 On site: 166 low | high Med: 46 | |
![]() | $3,250,0001239 20th AvenueSeattle, WA 98112 |
![]() | $2,198,000938 18th AvenueSeattle, WA 98112 |
![]() | $2,595,000918 18th AvenueSeattle, WA 98122 |
![]() | $1,695,000815 15th AvenueSeattle, WA 98112 |
![]() | $1,895,0001919 E Eaton PlaceSeattle, WA 98112 |