1441 E Aloha Street, Seattle, WA 98112
- $1,693,750
- 4,756
- SqFt
Listing courtesy of Ewing & Clark, Inc.. Selling Office: Momentum Venture Partners LLC.
- Sold Price
- $1,693,750
- List Price
- $1,685,000
- Status
- SOLD
- MLS#
- 2541093
- Closing Date
- Jul 28, 2026
- Days on Market
- 29
- Style
- 55 - 5-9 Units
- Building Condition
- Fixer
- Finished SqFt
- 4,756
- Area Total SqFt
- 4756
- Annual Tax Ammount
- 17931
- Lot Size (sq ft)
- 6,307
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-07-15
Property Description
East Aloha Apartments is a historic six-unit multifamily investment opportunity at the corner of 15th Avenue East and East Aloha Street in Seattle's highly sought-after North Capitol Hill neighborhood. For the first time on the market in over 80 years, this boutique asset offers a rare opportunity to acquire a well-located property in one of the city's most desirable residential communities. The building showcases a distinctive mid-century modern design with spacious one- and two-bedroom layouts, many featuring individual entrances that enhance privacy and livability. With a 92 Walk Score, residents benefit from immediate proximity to iconic Volunteer Park and the vibrant amenities along 15th Ave E, Broadway, and Pike-Pine Corridor, including popular cafes, acclaimed dining, and retail. Situated at a major bus stop, the property has convenient transit access to Downtown Seattle and major employment and education hubs. Primed for improvement and priced at assessed value, the property presents a lucrative venture with significant value-add potential, allowing investors to renovate and maximize rents. Assets of this quality and location seldom come to market, making this a truly exceptional investment opportunity.
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Additional Information
- List Date
- 2026-06-29 00:00:00
- Community
- Capitol Hill
- Net Operating Income
- $124,471
- Gross Adjusted Income
- $174,078
- Gross Scheduled Income
- $180,744
- Total Monthly Income
- $180,744
- Insurance Expenses
- $6,800
- Water/Sewer/Garbage Expenses
- $5,500
- Gross Rent Multiplier
- 9.7
- Total Expenses
- $49,607
- Cap Rate
- 7.4
- Vacancy Rate
- 4
- Total Number of Units
- 6
- Unit Name
- 1441
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- Roof
- Flat
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 500
- Other Expenses
- 18876
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Stevens
- Middle School
- Meany Mid
- High School
- Garfield High
- Total Monthly Income
- $180,744
- Gross Scheduled Income
- $180,744
- Vacancy Rate
- 4
- Gross Adjusted Income
- $174,078
- Tax Year
- 2026
- Insurance Expense
- $6,800
- W/S/G Expenses
- $5,500
- Total Expenses
- $49,607
- Net Operating Income
- $124,471
- Gross Rent Multiplier
- 9.7
- Cap Rate
- 7.4
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.