1537 15th Avenue S, Seattle, WA 98144
- $700,000
- 1,680
- SqFt
Listing courtesy of Windermere Real Estate/East.
- List Price
- $700,000
- Status
- ACTIVE
- MLS#
- 2488016
- Days on Market
- 137
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,680
- Area Total SqFt
- 1680
- Annual Tax Ammount
- 6714
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
Perched above the street for added privacy, this legal duplex features two carports and exceptional versatility. Each unit is accessed by its own private stairway and offers a bright, comfortable layout with two bedrooms and one bathroom, filled with natural light. The property also includes a coin-operated washer and dryer for tenant convenience and an additional income opportunity for the owner. It provides quick access to public transit for easy commutes to downtown or the Eastside. Conveniently located near schools, parks, I-5, and I-90, this property presents a unique opportunity to live in one unit and rent the other, rent both as a strong investment property, or explore future development potential. Current rents total $3,300 per month. Both units have maintained a 100% occupancy rate for years, making it a solid cash-generating property. A street appraisal of the exterior is acceptable; however, please do not disturb the occupants.
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Additional Information
- List Date
- 2026-03-11 20:28:11
- Community
- Beacon Hill
- Net Operating Income
- $27,206
- Gross Adjusted Income
- $39,600
- Gross Scheduled Income
- $39,600
- Total Monthly Income
- $3,350
- Insurance Expenses
- $2,480
- Water/Sewer/Garbage Expenses
- $2,700
- Gross Rent Multiplier
- 17.68
- Total Expenses
- $12,394
- Cap Rate
- 3.9
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 1537
- Potential Terms
- Cash, Conventional
- Year Built
- 1926
- Roof
- Composition
- Site Features
- Cable TV, Deck
- Electric Expenses
- 500
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Beacon Hill
- Middle School
- Mercer Mid
- High School
- Franklin High
- Total Monthly Income
- $3,350
- Gross Scheduled Income
- $39,600
- Vacancy Rate
- 3
- Gross Adjusted Income
- $39,600
- Tax Year
- 2026
- Insurance Expense
- $2,480
- W/S/G Expenses
- $2,700
- Total Expenses
- $12,394
- Net Operating Income
- $27,206
- Gross Rent Multiplier
- 17.68
- Cap Rate
- 3.9
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.