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About the Listing 128 - 38720
Well positioned in Seattle’s premier North Capitol Hill neighborhood at the corner of 15th Ave E and E Galer St, this fourplex offers an exceptional investment opportunity directly across from iconic Volunteer Park, renowned for its Olmsted-designed landscape. The property benefits from a highly walkable, transit-oriented location with convenient access to South Lake Union, Downtown Seattle, and the Eastside, making it especially attractive to tenants seeking both connectivity and neighborhood charm. The building features classic mid-century architecture and a preferable unit mix comprised of three one-bedroom units and one two-bedroom unit, appealing to a broad renter base. Residents enjoy desirable amenities including four off-street parking spaces, on-site laundry, dedicated storage, and updated dual-pane windows that enhance comfort and efficiency. In addition to its stable and profitable current operations and income upside, the property presents a compelling redevelopment opportunity. Situated on a 4,640 square foot LR3-zoned parcel, the site offers significant upside potential for future townhome development, allowing investors to capitalize on the area’s continued growth and demand. This is a unique opportunity to acquire a well-located, income-producing asset with immediate stability, income upside, and long-term development potential in one of Seattle’s desirable neighborhoods.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
2503402
Year Built
1958
Total Square Footage
2,960
Lot/Acreage
0.11
County
King
Neighborhood
North Capitol Hill
School District
Seattle
Elementary School
Stevens
Middle School
Meany Middle
High School
Garfield High
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Adjacent to Public Land,Alley,Corner Lot,Curbs,Paved,Sidewalk,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: Multi-Family
- Roof: Flat
- Others: Brick,Cement Planked,Stucco,Wood Products
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $15,896
- Taxes w/Assessments: N/A
- Tax/Property ID: 1337800930
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1505 E Galer Street 1-4 Seattle, WA 98112
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