2315 E Spring Street, Seattle, WA 98122

$863,000
2,100
SqFt

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Listing courtesy of Windermere Real Estate Co.. Selling Office: Windermere Real Estate Midtown.

Sold Price
$863,000
List Price
$900,000
Status
SOLD
MLS#
2514700
Closing Date
Jun 30, 2026
Days on Market
57
Style
52 - Duplex
Finished SqFt
2,100
Area Total SqFt
2100
Annual Tax Ammount
8576
Lot Size (sq ft)
2,964
Sewer
Sewer Connected

Property Description

Ideal owner occupied or investor ready duplex. Lovely San Francisco-style on a tree-lined street & reflects years of meaningful upgrades, including a comprehensive siding/insulation replacement, exterior painting, upgraded electrical, water line upgrade, enhanced insulation, sewer repairs, a new h20 tank, updated lighting, modern windows & more! The covered porches lead to two spacious 2-bed apartments, each w/an in-unit W/D. The upstairs unit is bright & sun-filled, featuring a formal dining room & bkfst nook. The main floor unit is sited privately above the street & overlooks a well-sized brick patio. Unit #1 lease end May 15. #2 leased; subj. to tenant righs. Within 4-block radius, the neighborhood boasts over 15 shops w/Google 4+ stars), including PCC’s organic mkt, which blends w/the vibrant mix of retail/dining. The Midtown Square core features Raised Doughnuts & Cakes for artisan treats, Communion, known for modern soul food & creative seasonal menus, Marjorie, an upscale global bistro, Feed Co. Burgers, Cafe Avole, a specialty Ethiopian coffee roaster. Plus, Arte Noir, a Black art gallery; Re-Sole 206 (sneaker & streetwear); Central Cinema, an indie dine-in theater; The Neighbor Lady, a bar/restaurant; Earl’s Cuts & Styles, & Chuck’s Hop Shop, craft beer retail & bar. H.I.T. Lab fitness/boutique studio & Central Cafe & Juice Bar for coffee & smoothies. Ezell’s Famous Chicken is slightly further. The curated mix of shops creates a dynamic, highly coveted neighborhood.

Additional Information

List Date
2026-05-04 00:00:00
Community
Central Area
Net Operating Income
$26,727
Gross Adjusted Income
$51,100
Gross Scheduled Income
$51,100
Total Monthly Income
$4,300
Insurance Expenses
$2,304
Water/Sewer/Garbage Expenses
$4,258
Gross Rent Multiplier
18.12
Total Expenses
$24,372
Cap Rate
2.88
Total Number of Units
2
Unit Name
2315
Potential Terms
Cash, See Remarks
Year Built
1902
View
Territorial
Roof
Composition
Site Features
Patio
Other Expenses
9234
Energy Source
Electric
School District
Seattle
Total Monthly Income
$4,300
Gross Scheduled Income
$51,100
Gross Adjusted Income
$51,100
Tax Year
2025
Insurance Expense
$2,304
W/S/G Expenses
$4,258
Total Expenses
$24,372
Net Operating Income
$26,727
Gross Rent Multiplier
18.12
Cap Rate
2.88
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.
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