315 12th Avenue E, Seattle, WA 98102 (MLS # 2505422)

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Listing provided courtesy of Northwest MLS; Skyline Properties, Inc.

PRICE $1,995,000
BEDS 0
BATHS 0
HOME SIZE 4,587 sqft
LOT SIZE 5,994 sqft
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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.

LAST UPDATED 4/9/2026 TRACT North Capitol Hill
YEAR BUILT 1928 COMMUNITY North Capitol Hill
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
APPLIANCES Tankless Water Heater
AREA 390 - Central Seattle
BASEMENT Yes
CONSTRUCTION Brick, Wood Siding
HEAT Electric, Natural Gas
LOT 5994 sq ft
LOT DESCRIPTION Curbs, Paved, Sidewalk
MLS STATUS Active
STORIES 3
STYLE 55 - 5-9 Units
SUBDIVISION North Capitol Hill
TAXES 25179
UTILITIES Cable Available, Sewer Connected
VIEW Yes
VIEW DESCRIPTION City, Mountain(s), Territorial
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/10/26 11:33 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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.

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