$1,735,000
Listed at $1,795,0007,357 sq ft
315 12th Avenue E, Seattle, WA 98102
• Listed Apr 9, 2026
RexMont Market Signal for 315 12th Avenue E
Sold price on recordRexMont Market Signal $1,735,000
Closed sale price · as of October 7, 2026, the day it sold.
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
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Listing Broker: Skyline Properties, Inc.; Scott Fladseth; 206-795-9500; scottbinsea@hotmail.com
Buyer Broker: Skyline Properties, Inc.
About this home
Turnkey North Capitol Hill 6 Plex Investment in the heart of a Vibrant Community. This well-maintained property features 6 spacious corner units w/views of the Space Needle, DT Seattle & Olympic Mountains. 6 units w/1-bed, 1-bath + den/bedroom, large living rooms/dining areas, full kitchens, hardwood floors throughout & secure entry with lobby. This building includes a 12-car parking lot for tenants & income. The lot has a high value with MR-M1 MID-RISE Zoning. Common laundry area in the large daylight basement & may offer the opportunity to add 2 additional 1-bed units for additional income. Prime location minutes to DT Seattle, Tech Companies, Amazon, Microsoft, Google, Apple, Meta. Near Broadway, Whole Foods, Costco, Pike Place Market, hospitals, parks, major bus lines, I-5, I-90, & Hwy 99. Walk Score 98 & 3 blocks to Light Rail. A character-rich asset in one of Seattle’s strongest rental markets. Solid cash-flowing property for Investors & 1031 Exchange. Future development potential with MR-M1 MID-RISE Zoning. Google MR-M1 Zoning. Tax assessed at $2,398,000 - The lot has a high value with the MR-M1 MID-RISE Zoning. Possible Owner Financing.
Listed by Scott Fladseth • Skyline Properties, Inc.
Listing updated: October 14, 2026 at 10:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2505422
Around this home
Property details
Kitchen
- Tankless Water Heater
Layout
- 5-9 Units
Flooring
- Hardwood
- Vinyl
Heating & cooling
- Radiator heating
- None cooling
Schools
Ratings via SchoolDigger- Lowell Elementary SchoolPublic · Grades PK-5 · 0.2 mi · State rank 969 of 1,1382/10
- Edmonds S. Meany Middle SchoolPublic · Grades 6-8 · 0.5 mi · State rank 185 of 5146/10
- Seattle World SchoolPublic · Grades 9-12 · 0.7 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 6
- Units in building
- 6
- Units below grade
- false
- Building square feet
- 7,357 sq ft
Income & expenses
- Gross scheduled income
- $150,084
- Total monthly income
- $12,507
- Additional monthly income
- $790
- Gross adjusted income
- $150,084
- Net operating income
- $107,276
- Cap rate
- 6.2%
- Gross rent multiplier
- 11.9
- Total expenses
- $42,808
- Insurance
- $3,813
- Electric
- $582
- Fuel
- $5,569
- Water / sewer / garbage paid by
- 7665
Parking & storage
- Parking spaces
- 12
- Uncovered parking
- 12
Taxes & assessment
- Annual taxes
- $25,179
- Tax year
- 2026
- Financing
- Cash, Conventional, Owner Will Carry, See Remarks
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 315 12th Avenue E
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 7, 2026SoldNWMLS via MLS Grid · #2505422$1,735,000$236/sq ft
- Sep 13, 2026PendingNWMLS via MLS Grid · #2505422$1,795,000$244/sq ft
- Sep 13, 2026Price reducedNWMLS via MLS Grid · #2505422$1,795,000$244/sq ft
- Apr 9, 2026ListedNWMLS via MLS Grid · #2505422$1,995,000$271/sq ft
- Dec 20, 2024SoldNWMLS via MLS Grid · #2301601$1,500,000$204/sq ft
- Dec 3, 2024PendingNWMLS via MLS Grid · #2301601$1,799,900$245/sq ft
Market pulse
Seattle is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 68 days.
Recent sales nearby
Within 1 mile · last 6 months$749,900 Sold
5 days ago
2 bd•1.75 ba•~1,579 sq ft•Single Family
633 13th Avenue E, Seattle, WA 98102
0%
Over list
52
Days on market
0.2 mi
Distance
$2,100,000 Sold
5 days ago
5 bd•2.25 ba•~3,580 sq ft•Single Family
723 12th Avenue E, Seattle, WA 98102
2%
Under list
42
Days on market
0.3 mi
Distance
$1,735,000 Sold
1 week ago
•Single Family
315 12th Avenue E, Seattle, WA 98102
3%
Under list
181
Days on market
0.1 mi
Distance
$998,000 Sold
1 week ago
2 bd•2.25 ba•~1,400 sq ft•Single Family
427 13th Avenue E #C, Seattle, WA 98102
0%
Over list
82
Days on market
0.1 mi
Distance
$975,000 Sold
5 weeks ago
2 bd•2.25 ba•~1,590 sq ft•Single Family
429 13th Avenue E, Seattle, WA 98102
0%
Over list
50
Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 15, 2026 at 2:18 AM PT (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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