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Capitol Core 215 Boylston Ave E 17 Unit Apartment Building $4,680,000 ($275,294/Unit) 4.27% Cap Rate Seattle, WA 98102

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INVESTMENT HIGHLIGHTS

  • Prime Turnkey Seattle Investment Opportunity - newer vintage six story apartment community located in Seattle's iconic Capitol Hill.
  • Convenient Tenant Amenities -amenities such as an in-unit washer & dryer, stainless steel appliances, vinyl hardwood flooring, and quartz countertops
  • Exempt from State Rent Control – Built in 2016, Capitol Core is exempt from Washington’s rent control regulations.

EXECUTIVE SUMMARY

Capitol Core is an exceptional 17-unit six story apartment community located at 215 Boylston Ave E in Seattle's popular Capitol Hill neighborhood.
Situated on a 2,631 square foot parcel of land, the subject property was originally built in 2017 with a Built Green 4 Star certification. Capitol Core features a building area of roughly 5,899 square feet offering tenants modern studio floor plans. Tenants enjoy convenient amenities such as an in-unit washer and dryer, stainless steel appliances, vinyl hardwood flooring, quartz countertops, and private rooftop decks in select units.
Capitol Hill is a chic neighborhood just northeast of Downtown Seattle offering a wide array of restaurants, bars, boutiques, breweries, and other lifestyle amenities all within walking distance of the subject property. The neighborhood offers a tight knit atmosphere while being just minutes from the vibrant tourist hotspots in Downtown Seattle.
Capitol Core also features close proximity to a multitude of transportation corridors such as Interstate 5, State Route 520, and the Capitol Hill Light Rail Station, offering tenants convenient access to Downtown Seattle, the University of Washington, Bellevue, and other attractive locations.
The investment appeal of this asset is driven by Seattle's strong employment fundamentals and low vacancy levels. With a world class location in the heart of Seattle, Capitol Core presents an attractive choice for investors due to its convenient tenant amenities and close proximity to countless high-end shopping, dining, and entertainment options.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $4,680,000
Price Per Unit $275,294
Sale Type Investment
Cap Rate 4.27%
Gross Rent Multiplier 16.03
No. Units 17
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 0.06 AC
Building Size 8,949 SF
Average Occupancy 100%
No. Stories 6
Year Built 2016
Parking Ratio 0.56/1,000 SF
Zoning MR

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Lawn
  • Vinyl Flooring
  • Window Coverings

SITE AMENITIES

  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 17 - 374 - 600
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (86)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
314860-0150
Land Assessment
$1,052,400
Improvements Assessment
$2,962,600
Total Assessment
$4,015,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 37347823

  • Date on Market: 8/20/2025

  • Last Updated:

  • Address: 215 Boylston Ave E, Seattle, WA 98102

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