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1312 15th Avenue S, Seattle, WA, 98144

6beds
4baths
2,301sqft
$899,990
$391price/sqft
$5,613/moest. monthly cost
$224,520/yrincome needed

About This Home

In-city Seattle multifamily rental with strong demand and long-term potential in the highly desirable 98144 / North Beacon Hill area. This property offers dependable rental income, a convenient location, and a clear path to future value through market rent alignment and strategic improvements. With a proven history of long-term tenants and low vacancy, it’s the kind of asset investors look for today, with room to grow. Easy access to downtown Seattle and major commuter routes makes it a smart addition to any portfolio or an excellent first multifamily purchase. This property with solid bones and a beautiful location offers a great opportunity for buyers ready to add value. With a little work and vision, this property has the potential to shine and deliver long-term returns.

Getting Around

68
WalkingSomewhat Walkable
83
TransitExcellent Transit
67
BikeBikeable

Schools

7/10
Mercer Middle SchoolGrades 6-81.9 mi
4/10
Franklin High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Average
  • Year built: 1945

Materials

  • Roof: Flat
  • Construction materials: Wood Siding,Wood Products

Notable Dates

  • Major remodel year: 1945

Type & Style

  • Home type: MultiFamily
  • Architectural style: 4-Plex
  • Property subType: Quadruplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 2,301
  • Total interior livable area: 2,301 sqft

Property

Details

  • Parcel number: 7133300120
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: See Remarks

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 3,458 sqft

Parking

  • Total spaces: 8
  • Parking features: Open
  • Covered spaces: 4
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4
  • Carport spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,550$54,600
Home Insurance *$176$2,112
Property Taxes $730$8,760
Electricity $157$1,888
Total$5,613$67,356
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$192,445/yr
40% on housing$168,390/yr
45% on housing$149,680/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$391This listing

vs Other Active Listings

Avg $/sqft

ZIP 98144$345
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98144$500
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-15Listed for sale$999,900
2012-03-09Sold$262,500
2011-12-15Listed for sale$299,500
2011-01-29Listing removed$399,500
2010-06-26Price change$455,000
2010-03-02Listed for sale$465,000
2000-02-09Sold$188,000

For Sale by Agent

AgentMahlet Altaye
BrokerageKW Greater Seattle

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