on the market

Listings/15 Coins

15 Coins

On the Market

Price: $4,500,000

Offers Date: To Be Announced

 

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Site Details

Address
1809 15th Ave Seattle, WA 98122
Neighborhood
Capitol Hill
Units
14
Avg. Unit Size
858* SF
Stories
4
Year Built
1907
Land SF
7,380 SF
Zoning
LR3(M)
Storage
14 Secured Spaces
Laundry
Common
Bike Storage
Yes
Plumbing
Mixed
Electrical
Updated
*Per King County Records

Unit Mix

1 Bedroom + Den
14 Units

Opportunity

15 Coins presents a rare opportunity to acquire a classic 14-unit value-add apartment building in the heart of Seattle’s vibrant Capitol Hill neighborhood. The asset features 14, large one-bedroom + den units averaging 858 square feet, with significant upside through light renovations and the potential to restore a 15th unit or develop four rental townhomes in the backyard.

Positioned on 15th Avenue, the building boasts a Walk Score of 98 and sits just steps from Cal Anderson Park, Trader Joe’s, the Capitol Hill Light Rail Station, and over 100 restaurants, bars, and cultural amenities. With a strong tenant base and limited new apartment deliveries forecasted in the area, 15 Coins is primed for sustained rent growth.

Highlights

• 14 units with spacious floor plans and updated electrical systems

• Strong in-place rents with 31% upside through renovation

• Redevelopment potential for 4 townhomes and/or restoration of the 15th unit

• Secured bike storage, common laundry, and 14 storage spaces

• Located in an LR3(M) zone on a 7,380 SF lot

Location

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About the Area

Situated in the heart of Capitol Hill, one of Seattle’s most iconic and walkable neighborhoods, 15 Coins offers residents unbeatable access to the city’s best dining, nightlife, parks, and transit.

With a Walk Score of 98, tenants are just steps from Cal Anderson Park, Trader Joe’s, the Capitol Hill Light Rail Station, and a dynamic mix of over 100 restaurants and bars within a half-mile.

The neighborhood offers seamless connectivity to major employment centers in Downtown Seattle, South Lake Union, and the Eastside tech corridor.

Capitol Hill’s historic charm blends with modern amenities—making it a perennial favorite among Seattle renters. With limited new apartment deliveries on the horizon, the area is poised for continued rent growth and strong demand.

Whether it’s proximity to top employers, world-class food, or a vibrant community experience, 15 Coins’ location delivers on all fronts.

Highlights

5-minute walk to the Capitol Hill Light Rail Station – quick access to Downtown Seattle and South Lake Union

Over 100 bars and restaurants within a half-mile – unmatched dining and nightlife options

Near Cal Anderson Park – one of Seattle’s most beloved urban green spaces

One block from Seattle’s beloved Bakery Nouveau, a local favorite known for its award-winning pastries and constant lines out the door.

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