Listing provided courtesy of Skyline Properties, Inc.NWMLSMLS# NWM2505422MLS Provider
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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.

Source: NWMLS, MLS#: NWM2505422

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  • Property Type
    Residential Income
  • Lot
    0.14 acres

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  • Median Age
    33
  • Population Density
    16,644
  • College Educated
    82%
  • Estimated Median Income
    $97,374
  • Estimated Total Home Owners
    4,266
  • Estimated Total Renters
    11,953
  • Owner / Renter Divide
    26% / 74%
  • Estimated Average Household Size
    2
  • Total Population
    25,887
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 315 12th Avenue E


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/27/2026Source: NWMLS Price Reduction
$1,895,000 -5.0%
4/9/2026Source: NWMLS Added to Database
April 09, 2026
12/20/2024Source: NWMLS Status Change
Sold
12/11/2024Source: NWMLS Status Change
Pending
12/3/2024Source: NWMLS Status Change
Pending Inspection
11/20/2024Source: NWMLS Status Change
Active
11/5/2024Source: NWMLS Status Change
Pending Feasibility
10/24/2024Source: NWMLS Added to Database
October 24, 2024