North Queen Anne Homes with 56 - 10+ Units Style

North Queen Anne Homes with 56 - 10+ Units Style

Welcome to North Queen Anne, a charming and vibrant neighborhood nestled in the heart of Seattle, Washington. This picturesque area is renowned for its stunning views of the Puget Sound and the iconic Seattle skyline. North Queen Anne boasts a unique blend of urban convenience and suburban tranquility, making it an ideal place to call home.

The real estate landscape in North Queen Anne is diverse, featuring homes that range from cozy bungalows to modern multi-family units. With a variety of properties available, including those with 56 to 10+ units, this neighborhood caters to a wide range of lifestyles. Whether you’re a first-time homebuyer seeking a welcoming community or an investor looking for lucrative opportunities, North Queen Anne has something for everyone.

Residents enjoy easy access to an array of amenities, including parks, shops, and restaurants. The nearby Discovery Park offers expansive green spaces and breathtaking views, perfect for outdoor enthusiasts and families alike. North Queen Anne is also well-connected to downtown Seattle, ensuring that you’re never far from the city’s vibrant cultural scene.

In addition to its natural beauty and convenient location, North Queen Anne is known for its strong sense of community. Friendly neighbors and local events foster a welcoming atmosphere, making it easy to feel at home. With its stunning properties and a lifestyle that balances urban excitement with serene living, North Queen Anne is truly a hidden gem in Seattle’s real estate market. Explore your options today and discover the charm of this exceptional neighborhood!

Newest North Queen Anne Homes with 56 - 10+ Units Style

$3,400,000
2550372 MLS ACTIVE Status
We are pleased to present the Emerson Apartments, a 12-unit apartment community built in 1965 in Seattle’s coveted North Queen Anne neighborhood, delivered fully vacant at closing. This rare offering gives investors and owner-occupants the immediate ability to lease all units at current market rents, pursue targeted renovations, or both, with no inherited lease obligations and no displacement concerns. The building offers 6 1BD and 6 2BD with spacious bedrooms, living areas, and select units featuring private decks with canal views. There are 12 surface parking spaces and a dedicated laundry and storage room on each of the 3 floors. Major systems are addressed: new siding and exterior painting in 2002, a roof replacement, electrical upgrades in 2023 and 2024, and interior renovations in 2015 covering new appliances, kitchen and bathroom remodeling, and new exterior doors throughout. A new owner can direct capital toward light interior value-add rather than deferred maintenance. Positioned on W Emerson Street, the Emerson Apartments offer seamless access to Interbay, Fremont, Ballard, South Lake Union, and Downtown Seattle, with major employers including Apple, Meta, Anthropic, Google, Amazon, and Expedia all within easy reach. With a well-maintained building and fully vacant delivery, the Emerson Apartments represent an immediate executable opportunity to lease, reposition, and maximize returns from day one.

600 W Emerson Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$4,000,000
2527028 MLS ACTIVE Status
The property consists of 19 one-bedroom / one-bathroom units, one one-bedroom + office / one-bathroom, and one three-bedroom / two-bathroom unit, totaling 14,975 rentable square feet across three stories of wood-frame construction. The property has been meticulously maintained during the current ownership and this is the first time the property has been marketed in 33 years. Current rents average below market across the portfolio, with one-bedroom units running approximately 6% below comparable market rents and the three-bedroom unit carrying meaningful additional upside. An investor operating the building at market rents and fully charging for parking and storage will bring the proforma cap rate to 7.0% with minimal capital needed. The building has been meticulously maintained throughout the current ownership. In 2016, elastomeric waterproof paint was applied to the rockcrete siding, the roof was replaced in 2019 along with the main water supply line, and in 2023/2024 the main sewer drain line and underground cast iron plumbing was replaced. Interbay 21 Apartments offers convenient access to major public transportation routes while being in close proximity to the employment centers, dining, retail, and neighborhood amenities of Queen Anne, Ballard, Interbay, and Magnolia. The building’s location on a quiet residential street provides a strong lifestyle appeal for its tenants and will be highly desirable for future tenants as well.

2820 15th Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

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