Seattle Homes with 42 - Multi-Family Style

Seattle Homes with 42 - Multi-Family Style

Seattle, Washington, is a vibrant city nestled in King County. Known for its stunning natural beauty, thriving tech industry, and rich cultural scene, Seattle is a highly sought-after destination for both residents and visitors alike.

With its stunning views of the Puget Sound and the majestic Olympic Mountains, Seattle offers a picturesque backdrop for those looking for a place to call home. The city is renowned for its diverse neighborhoods, each with its own unique charm and character. From the trendy cafes and boutiques of Capitol Hill to the family-friendly suburbs of Ballard and Queen Anne, there is a neighborhood to suit every lifestyle.

Seattle's real estate market offers a variety of options for those seeking multi-family homes. Whether you're looking for an investment property or a place to live with extended family, there are plenty of opportunities to find a multi-family style home in the city. These homes with 42 units or more provide a great investment opportunity, allowing you to generate income while also enjoying the benefits of living in a thriving urban environment.

In addition to its real estate offerings, Seattle boasts a wide range of amenities and attractions. From world-class restaurants and shopping to top-notch schools and healthcare facilities, the city has everything you need for a comfortable and fulfilling lifestyle.

If you're considering a move to Seattle or looking to invest in the city's real estate market, now is the perfect time to explore the options available. With its stunning natural beauty, thriving economy, and diverse neighborhoods, Seattle offers a truly unique and exciting place to call home.

Newest Seattle Homes with 42 - Multi-Family Style

$6,000,000
2566341 MLS ⋅ ACTIVE Status
A rare high-rise or mid-rise development site with approved MUP in the heart of First Hill. The 10,800 SF lot is zoned High Rise (HR) with an approved MUP for a 8-story, 96-unit multi-family building, including 10 auto stalls and 102 bicycle spaces. With a Walk Score of 98 (“Walker’s Paradise”) and Transit Score of 100 (“Rider’s Paradise”), the location offers unmatched connectivity and urban convenience.Located in First Hill, steps from major hospitals, Seattle University, and downtown’s 340,000+ jobs across tech, finance, retail, and professional services jobs. Excellent transit with buses, the First Hill Streetcar, and future Link Light Rail. One of the last infill opportunities in Seattle’s core with strong walkability, transit, and job access.

815 9th Avenue, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$1,518,000
2566364 MLS ⋅ ACTIVE Status
Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

$975,000
2550852 MLS ⋅ ACTIVE Status
A good location in a popular Ballard neighborhood, this is a flat corner lot with many possibilities to build. NC255' (Neighborhood Commercial) zoning, 50 X 100 lot allows for mixed use, multi family or commercial. On the corner of 11th Ave NW and NW Market Street with good frontage, visibility and easy access. In an area of growth with newer developments happening nearby. This was planned and partially permitted for a four story 45 unit building, but plans changed. A good opportunity for development to build, lease and keep/resell, or owner user to build and operate a business. A good value for the area.

1103 NW Market Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$4,950,000
2549382 MLS ⋅ ACTIVE Status
Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.

4722 - 4730 15th Avenue NE, Seattle

Listing courtesy of Best Choice Realty LLC.

$1,150,000
2549317 MLS ⋅ ACTIVE Status
Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Purchase price includes the price of the permits.

118 27th Avenue S, Seattle

Listing courtesy of Keller Williams Realty Bothell.

$1,400,000
2530638 MLS ⋅ ACTIVE Status
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI

601 21st Avenue, Seattle

Listing courtesy of Asay Realty.

$1,600,000
2529045 MLS ⋅ ACTIVE Status
Development opportunity in the Cental Disteict Zoned NC1-40 (M1). This prominent corner lot at 22nd Ave & E Cherry offers strong potential for a mixed use development in one of the city’s most dynamic urban neighborhoods. Ideally positioned just minutes from downtown Seattle, Capitol Hill, and Madison Valley.The property benefits from excellent walkability, transit access, and proximity to key neighborhood amenities. Nearby destinations include Garfield High School, Chuck’s Hop Shop, and the Northwest African American Museum. Tenant is tiny homes - Low Income Housing Institue of Seattle and the lease expires on Dec, 31 2026

612 22nd Avenue, Seattle

Listing courtesy of RE/MAX Northwest.

$875,000
2526266 MLS ⋅ ACTIVE Status
Prime Development Opportunity – LR1 (M) Zoning | Value in Land Attention builders, investors, and developers—exceptional opportunity in West Seattle! This ~7,650 sq ft lot is zoned LR1 (M), offering strong potential for townhouse-style development or multiple-unit construction (buyer to verify). The existing structure is a complete teardown and is being sold strictly as-is. The true value is in the land and the favorable zoning, making this an ideal site for your next project. Located in a desirable and rapidly evolving area, the property is surrounded by residential growth and new construction. Convenient access to major commuter routes, local amenities, and West Seattle hotspots enhances long-term value and marketability. Whether you’re looking to develop now or hold as a strategic investment, this is a rare opportunity to capitalize on LR1 zoning in a high-demand Seattle location. Bring your plans and vision—opportunities like this are becoming increasingly scarce!

2816 SW Dakota Street, Seattle

Listing courtesy of HomeSmart Real Estate Assoc.

$895,000
2523075 MLS ⋅ ACTIVE Status
Situated in Seattle’s North Beacon Hill neighborhood, the property at 1303 13th Ave S offers an outstanding redevelopment opportunity on a prime corner lot zoned LR3(M) with convenient alley access. Great for Owner/Occupant - Existing improvements include a legal duplex which could also be renovated and sold separately while still being able to build rowhouses off the alley (Buyer to Verify). This 6,000-square-foot site is perfectly poised for constructing 6-8 rowhouses or townhouses, or even a multi-family building, leveraging generous zoning allowances for efficient, multi-story designs that maximize density and appeal. New developments would boast sweeping views of mountains and Puget Sound, along with partial views of downtown Seattle.

1303 13th Avenue S, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,500,000
2521654 MLS ⋅ ACTIVE Status
Western Parcel offers a rare opportunity to develop an 88-unit multifamily project in one of Seattle’s most connected and rapidly growing neighborhoods. The project has successfully completed Early Design Guidance, allowing the next owner to move efficiently toward permitting and construction. Located at the intersection of Columbia City, Hillman City, and Beacon Hill, the site benefits from a vibrant and culturally rich community known for its diverse dining, retail, arts, and entertainment options. The neighborhood’s strong identity and growing demand for housing continue to attract residents seeking an authentic urban lifestyle. The property is ideally positioned just two blocks from the future South Graham Street Light Rail Station, providing direct access to Downtown Seattle, Sea-Tac Airport, and the greater Puget Sound region. The site also offers convenient access to major bus routes and transportation corridors, supporting a highly walkable and transit-oriented living experience. Surrounded by parks, schools, employment centers, and daily amenities, Western Parcel is well suited for a modern residential development that combines urban accessibility with neighborhood character. The project may also qualify for Seattle’s Multi-Family Tax Exemption (MFTE) program, enhancing long-term investment potential.

5721 35th Avenue S, Seattle

Listing courtesy of eXp Realty.

$1,050,000
2511772 MLS ⋅ ACTIVE Status
Prime development opportunity in Seattle’s rapidly growing Mount Baker neighborhood. Positioned on a desirable corner lot, this LR2-zoned property offers exceptional flexibility for builders and investors—ideal for townhomes, small multifamily (2–4 units), or a larger-scale apartment or condo project (buyer to verify). The existing home is livable, with a long-term tenant recently vacated, but the true value lies in the land and its development potential. All utilities are available on-site, helping streamline the entitlement and building process. The flat, usable lot configuration further enhances efficiency for site planning and construction. Located just minutes from the Mount Baker light rail station, this property offers strong transit-oriented appeal, making it highly attractive for future residents and renters alike. Convenient access to I-90 provides quick connectivity to I-5, I-405, downtown Seattle, Bellevue, and beyond. This central location continues to see strong growth, driven by infrastructure, accessibility, and increasing housing demand. The seller has not pursued full development, creating an opportunity for the next owner to step in and unlock the site’s full potential. Seller is open to working with buyers exploring a mid-sized project. Opportunities like this—combining zoning flexibility, location, and upside—are increasingly rare in this high-demand corridor. Bring your vision and capitalize on the growth of Mount Baker.

3101 S Walden Street, Seattle

Listing courtesy of John L. Scott, Inc.

$1,075,000
2507351 MLS ⋅ ACTIVE Status
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.

807 N 49th Street, Seattle

Listing courtesy of Blake Investment Advisors.

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