Portage Bay Homes with 55 - 5-9 Units Style

Portage Bay Homes with 55 - 5-9 Units Style

Welcome to Portage Bay, a hidden gem nestled in the heart of Seattle, Washington. This picturesque neighborhood is renowned for its stunning waterfront views, vibrant community, and a perfect blend of urban convenience and natural beauty. Portage Bay is bordered by the serene waters of Lake Union, offering residents a unique lifestyle that combines the best of city living with outdoor adventures at their doorstep.

The charm of Portage Bay is evident in its eclectic mix of architectural styles, but it’s the homes with 55 to 59 units that truly stand out. These residences are thoughtfully designed to maximize space and comfort, often featuring modern amenities, open floor plans, and large windows that invite in natural light. Whether you're a young professional, a growing family, or looking to downsize, you'll find a home that suits your lifestyle perfectly.

Living in Portage Bay means you’re just minutes away from the bustling energy of downtown Seattle while enjoying the tranquility of waterfront living. The neighborhood is home to beautiful parks, scenic walking trails, and a vibrant arts scene. You'll also find an array of trendy cafes, restaurants, and shops that make everyday living a delightful experience.

With its unique blend of community spirit and natural beauty, Portage Bay is more than just a place to live; it’s a lifestyle. Discover your perfect home in this charming Seattle neighborhood, where every day feels like a getaway. Come and experience the allure of Portage Bay—your dream home awaits!

Newest Portage Bay Homes with 55 - 5-9 Units Style

$2,750,000
2568199 MLS ⋅ ACTIVE Status
The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

3261 Fuhrman Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

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