315 12th Avenue E, Seattle, WA 98102

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 13, 2026 at 12:22AM

Listing Office:

Skyline Properties, Inc. : 425-455-2065

Listing Agent:

Scott Fladseth : 425-455-2065

MLS ID:

2505422

Interior

• Appliances: Tankless Water Heater
• Flooring: HardwoodVinyl
• A/C: None
• Heating: Radiator
• Fireplace: Fireplaces: 0

Exterior

• General: BrickWood
• Parking: Parking spaces: 12

Construction

• Roofing: Torch Down
• General: 55 - 5-9 UnitsSlab

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 6852700176
• View: CityMountainsTerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls