Mckenna Real Estate | Mckenna Multi-Family Homes for Sale

Exceptional Investment Opportunity in the Heart of Renton! Seize this rare chance to own a turn-key, well-maintained duplex featuring two fully occupied units with a strong rental history. Each unit offers 1,060 sq. ft. of functional, one-level living space, including a primary ensuite plus two additional bedrooms and a full guest bath. With spacious living and dining areas bathed in natural light, these units are designed for long-term tenant satisfaction. Enjoy breathtaking mountain views from the upper unit! 8 parking spots. Strategically located minutes from I-405, Highway 900, and premier shopping, this property is a standout for investors seeking reliable income in a high-demand area.

361 Earlington Avenue SW, Renton

Listing courtesy of Bushnell Real Estate Solutions.

$3,650,000

2564972 MLS ⋅ ACTIVE Status

We are pleased to present Sydney Court, a 20-unit apartment community in the Hazel Dell neighborhood of Vancouver, Washington. Built in 1968 across two buildings, the property offers two-bedroom, one-bath and three-bedroom, two-bath floor plans averaging 870 square feet, with full-size in-unit washers and dryers in every home. Offered at $3,650,000 ($183,000 per unit / $210 per NRSF), the property delivers a 6.53% in-place cap rate with current rents approximately 7.89% below market. Eighteen of the twenty units have been extensively renovated with stainless appliances, quartz counters, new cabinets, flooring, trim, doors, and lighting, and the roof was replaced in 2022, minimizing near-term capital needs. The Hazel Dell location offers convenient access to a major retail corridor anchored by Walmart, Target, and Kohl’s, plus Hazel Dell Marketplace, area employment centers, and regional transportation.

1016 NE 86th Street, Vancouver

Listing courtesy of Northmarq Multifamily, LLC.

$4,950,000

2564976 MLS ⋅ ACTIVE Status

We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and 14 of 18 units extensively remodeled with new cabinets, quartz counters, flooring, paint, doors, millwork, and appliances. Located 1.6 miles from the Federal Way Link Light Rail Station with convenient access to employment, shopping, and dining.

30323 15th Court S, Federal Way

Listing courtesy of Northmarq Multifamily, LLC.

$695,000

2564337 MLS ⋅ ACTIVE Status

Well-maintained fourplex offering strong cash flow with a 8.89% cap rate at the asking price! Situated in a convenient Wenatchee location with easy access to shopping, employment, and transportation, this investment property features separately metered units, helping minimize owner expenses. Tenants enjoy ample off-street parking, coin-operated laundry, and alley access. The Residential High zoning presents potential future development opportunities, with possible room for additional units (buyer to verify feasibility). Numerous updates throughout and consistent maintenance make this a turnkey investment with immediate income and long-term upside.

113 N Cleveland Avenue, Wenatchee

Listing courtesy of John L. Scott Wenatchee.

$1,925,000

2563357 MLS ⋅ ACTIVE Status

INVESTOR ALERT! $$$ Turnkey 8-unit multifamily property located in a quiet Bremerton neighborhood near Naval Base Kitsap and the Puget Sound Naval Shipyard. The property and surrounding neighborhood show exceptionally well. Comprised of two well-maintained buildings, the property features four bright, townhouse-style units in each, all offering 2 bedrooms, 1 bathroom, an in-unit washer and dryer, and plenty of on-site parking. All eight units have been updated with a cohesive design and consistent color palette throughout. Ownership has invested approximately $590,000 in renovations, repairs, and capital improvements since 2022, including new roofs on both buildings, new furnaces in all units, updated kitchens and bathrooms, LVP flooring, interior and exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters, and appliances. The property offers a stabilized 6.15% cap rate based on the existing leases and stated operating expenses, with additional upside as rents move toward market rates. A solid, turnkey investment ready to perform from day one!

2821 2831 NE Center Street Unit #1-8, Bremerton

Listing courtesy of Keller Williams Downtown Sea.

$850,000

2563968 MLS ⋅ ACTIVE Status

Exceptional opportunity to acquire a Seattle development site with an advanced permit package for 8 modern townhomes. The project includes plans for two 4-unit buildings with a future unit lot subdivision, offering a significant head start for builders and developers. Extensive architectural, civil, structural, landscape, and utility work has already been completed, with an issued demolition permit and development documents available for buyer review. Located in the desirable Mount Baker neighborhood, just minutes from Light Rail, Downtown Seattle, Lake Washington, parks, restaurants, and major commuter routes. Existing home is sold as-is. Buyer to verify all plans, permits, approvals, unit count, and development potential to their own satisfaction.

3632 36th Avenue S, Seattle

Listing courtesy of John L. Scott, Inc.

$750,000

2564295 MLS ⋅ ACTIVE Status

Recently updated, 10-unit complex. New windows, new siding, new exterior paint. Two units, 1 & 10, have been fully updated with new flooring, fixtures, cabinets, and countertops. Units 2, 3, 5, & 6 are ready to begin updates. Price reflects these units still needing updating. There is plenty of room for continued rent increases as updates are completed. This property is centrally located and right on the bus line for easy public transportation. Great property for Airbnb rentals, buyer to verify

2320 Simpson Avenue, Aberdeen

Listing courtesy of List4FlatFee.com, LLC.

$2,800,000

2564376 MLS ⋅ ACTIVE Status

The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).

800 Harrison Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$550,000

2563101 MLS ⋅ ACTIVE Status

Turnkey Olympia duplex with solid cash flow and low owner expenses. Both units are rented month-to-month, producing $2,600/mo with owner costs of $512/mo, offering immediate income and stability. Well-maintained property in a quiet SE Olympia neighborhood close to shopping, parks, and commuter routes. Each unit features living spaces and dedicated parking. Ideal for investors or owner-occupants seeking reliable rental income.

606 & 608 Primrose Lane SE, Tumwater

Listing courtesy of RE/MAX Advantage.

$1,275,000

2564062 MLS ⋅ ACTIVE Status

Rare opportunity to own a well maintained triplex in the heart of Lake Chelan, offering an exceptional investment opportunity or the flexibility to live in one unit while generating income from the other two. Ideally located just blocks from the crystal clear waters of Lake Chelan and the vibrant downtown district, this property provides easy access to boutique shopping, restaurants, tasting rooms, parks, and year round community events. Each of the three spacious units features 3 bedrooms, 1.5 bathrooms, and convenient laundry hookups, making them highly desirable for long term tenants. Residents and visitors alike will appreciate being just minutes from world renowned wineries and vineyards, championship golf, boat launches and marinas, hiking and biking trails, fishing, water sports, skiing at Echo Valley, and countless outdoor recreation opportunities that make the Lake Chelan Valley one of Washington's premier destinations. Whether you are looking to expand your investment portfolio, generate strong rental income, or offset your mortgage by occupying one unit while leasing the others, this is a versatile property in an unbeatable location.

225 W Highland Avenue, Chelan

Listing courtesy of Nick McLean Real Estate Group.

$525,000

2564110 MLS ⋅ ACTIVE Status

Incredible Triplex Potential on Mount Vernon Hill!Unlock massive upside on an excellent corner lot in a highly desirable neighborhood. Perfect for investors or ambitious buyers looking to build substantial equity, this versatile property is primed for an effortless multi-family triplex conversion.The main level’s south side features a 1-bedroom setup with its own bathroom and a kitchen area ready for your finishing touches. The other half of the main floor hosts an additional full bath, while the upstairs level boasts four more bedrooms and another full bathroom. Add stairs to the upper level to complete a lucrative three-unit layout, or restore the entire space into a grand single-family estate.Cherished by the same owner for 21 years, the property features elegant French doors leading to a beautiful, cozy backyard. Selling as-is with low-maintenance leaf guard gutters!

420 Warren Street, Mount Vernon

Listing courtesy of Keller Williams Western Realty.

$1,199,000

2562279 MLS ⋅ ACTIVE Status

Investor Alert – Exceptional Cash-Flow Opportunity with Future Value-Add Potential! Now generating $6,395 per month in gross rental income, this turnkey 4-plex offers immediate cash flow with future flexibility. The property consists of a newly renovated triplex plus a detached 2-bedroom, 1-bath home on one lot, with the potential to adjust the lot line and create two separate properties—a standalone home and a triplex (buyer to verify feasibility). Extensively updated, the units feature new appliances, mini-split heating and cooling systems, flooring, windows, kitchens, and bathrooms. Each unit is separately metered for simplified utility management. The triplex includes a one-car garage and additional basement storage. Whether you're looking to maximize your investment or occupy one residence, this property offers outstanding flexibility. Choose to adjust the lot line and sell one property while keeping the other, live in the detached home and rent the triplex, or maintain all four units as income-producing rentals. The detached home features a spacious yard, off-street parking, and scenic river views, making it an attractive rental or owner-occupied residence. Conveniently located near shopping, downtown amenities, and freeway access, this property combines strong in-place income, recent renovations, and future upside. Don't miss this exceptional investment opportunity!

321 N 4th Street Unit #A-D, Mount Vernon

Listing courtesy of Windermere RE Whatcom, Inc..

$875,000

2563772 MLS ⋅ ACTIVE Status

Rare Lake Stevens Duplex Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex offers exceptional flexibility and value. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,400 square feet, oversized primary suites with walk-in closets, oak cabinetry, cozy gas fireplaces, and fully fenced private yards. Capital improvements provide peace of mind, including a new furnace and new water heaters, while gutter guards help minimize exterior maintenance. The right-side unit boasts an expansive backyard complete with a patio and sprinkler system—perfect for outdoor entertaining or relaxing. Ideally located within walking distance of Lake Stevens waterfront, the popular Farmers Market, and the charm of Historic Downtown Lake Stevens, this property offers an unbeatable combination of convenience, lifestyle, and strong rental appeal. A turnkey opportunity in a highly desirable location with excellent long-term investment potential.

1601 131st Drive NE, Lake Stevens

Listing courtesy of Ballpark Realty.

$5,800,000

2563789 MLS ⋅ ACTIVE Status

Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle’s Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs

4803 S Henderson Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,250,000

2563642 MLS ⋅ ACTIVE Status

The Foundation Group is pleased to present the Shoreline 4-unit Apartments. Located in the desirable Ballinger neighborhood of Shoreline, 19837 25th Ave NE offers residents a quiet residential setting with outstanding access to employment centers, shopping, recreation, and transportation. Positioned just minutes from Interstate 5, the property provides an easy commute to Downtown Seattle, Bellevue, Lynnwood, and the greater Eastside. This well maintained 4 unit is ready for the next owner to capitalize on modernizing the units through a value add plan.

19837 25th Avenue NE, Shoreline

Listing courtesy of The Foundation Group LLC.

$2,300,000

2563692 MLS ⋅ ACTIVE Status

Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.

6537 Oswego Place NE, Seattle

Listing courtesy of Windermere Bellevue Commons.

$1,400,000

2563665 MLS ⋅ ACTIVE Status

This well maintained Edmonds fourplex is offered for sale for the first time since 2005. Tucked away in the desirable 5 Corners area, the property features four matching 2BD/1.5BA units of approximately 976SF, each with in unit laundry. 8 dedicated parking spaces are included, four of which are covered. Recent improvements include a full roof replacement with new insulation and ventilation in 2021, a new carport roof in 2023, and new exterior paint, refreshed decks, and stair carpeting in 2024. Three units are leased through August 2027, with one unit available 9/1/2026 and to be marketed for lease at $2,275 per month. Additional upside exists through the implementation of a utility reimbursement program.

8134 212th Street SW, Edmonds

Listing courtesy of KW Greater Seattle.

$749,950

2563334 MLS ⋅ ACTIVE Status

This amazing investment opportunity is located in a small community of similar duplexes right off of Canyon Road and very close to Hwy 512. Maximize your portfolio returns with this premium, one-level, low-maintenance duplex nestled in a quiet cul-de-sac community. The HOA takes care of most of the landscaping for ultimate ease of ownership. Perfect for seasoned investors or owner-occupants looking to house-hack, this turnkey property features an efficient floor plan with 1,324 SF each side—each boasting a highly rentable 3-bedroom, 2-bathroom layout, individual fully finished and painted 2-car garages, wide driveway, and newer appliances are included. This duplex backs to nature and has woods on the west side for premium privacy that renters will appreciate. Enjoy immediate, predictable cash flow from established, long-term tenants, alongside massive upside potential to capture full market value upon lease renewals. This is an investment opportunity that you cannot afford to miss. Make an appointment to see it today!

5902 115th Street E, Puyallup

Listing courtesy of Washington First Properties.

$969,000

2563529 MLS ⋅ ACTIVE Status

New Price! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income. A flexible asset with the ability to immediately owner-occupy, or use as a long-term hold with good cashflow + additional upside potential through operational improvements.

15328 40th Avenue W, Lynnwood

Listing courtesy of Windermere Real Estate Co..

$230,000

2563346 MLS ⋅ ACTIVE Status

Investment opportunity in Hoquiam! This duplex features two 2-bedroom, 1-bath units with long-term tenants already in place, making it an ideal addition to your rental portfolio. Unit A offers 1,096 sq ft, while Unit B provides 864 sq ft of living space. The property has been a reliable income producer for many years and is ready for its next owner. While the property could use some TLC, it offers excellent potential to add value over time while continuing to generate rental income. Whether you're looking to expand your investment portfolio or get started in multifamily ownership, this duplex is worth a look.

2739 Pacific Avenue, Hoquiam

Listing courtesy of Windermere RE/Aberdeen.

$700,000

2563121 MLS ⋅ ACTIVE Status

This is a rare opportunity to own a home conveniently located just minutes from downtown Seattle, offering convenient access to the SeaTac Airport, the light rail, major highways, offering strong rental appeal while still being privately tucked away. Unit 2717 is a 2 bed/1bath fully remodeled unit, currently vacant. Unit 2719 is a two story 3bed/2bath with a master bedroom with private bath, cozy kitchen and large living room area with tons of natural light. Each unit is equipped with its own parking, electric meters and laundry rooms for added convenience! Excellent opportunity to live in one side and rent out the other, come see this incredible duplex that works equally well for owner occupants and investors!

2719 S 125th Street, Seattle

Listing courtesy of Real Broker LLC.

$1,199,950

2560133 MLS ⋅ ACTIVE Status

Prime Green Lake location just one block from the lake! This fully occupied five-unit property includes two buildings situated on a single tax parcel, offering a total of approximately 3,275 square feet of living space. The west building is a 3-bedroom, 1-bath home with approximately 1,280 square feet, while the east building consists of four 1-bedroom units. The units feature open floor plans and abundant natural light. Property improvements include updated roofs, siding, windows, exterior paint, and electrical systems. Unit #2 was recently remodeled. Additional features include separately metered electrical service, coin-operated laundry, and on-site storage units. With a historically low vacancy rate, strong rental demand, and opportunities to increase income, this property presents an attractive investment opportunity. LR3 zoning may provide additional development potential. Current cap rate: 6.15%.

7103 Linden Avenue N Unit #1-5, Seattle

Listing courtesy of Lotside.

$4,496,000

2563184 MLS ⋅ ACTIVE Status

ALKI BEACH | Capturing the Pacific Northwest Lifestyle at Its Finest A rare opportunity to own one of Alki Beach's iconic historic brick apartment buildings, where timeless architecture meets one of Seattle's most sought-after waterfront locations. Built in 1928, this architectural gem showcases beautifully crafted masonry, rich period details, and exceptional craftsmanship that simply cannot be replicated today. It has stood as part of Alki's identity for nearly a century. Positioned directly across from Alki Beach, residents enjoy unobstructed views of Puget Sound, the Olympic Mountains, breathtaking sunsets, and the ever-changing beauty of the Pacific Northwest. Watch Washington State ferries cross Elliott Bay, sailboats glide along the shoreline, and commercial vessels navigate one of the world's most scenic waterways, all from home. Just outside the front door, experience the best of Alki's vibrant beach community. Walk to popular restaurants, cafés, and waterfront attractions, or enjoy miles of sandy shoreline. The 2.5-mile Alki Trail is perfect for walking, jogging, biking, rollerblading, or taking in spectacular evening sunsets. Spend summer evenings gathered around the beach fire pits, launch a paddleboard or kayak, or simply relax while enjoying the sights and sounds of Seattle's most beloved waterfront. This is more than an investment. It is an opportunity to own a landmark property in one of the city's most iconic and enduring neighborhoods.

2452 Alki Avenue SW, Seattle

Listing courtesy of John L. Scott, Inc..

$1,956,800

2561050 MLS ⋅ ACTIVE Status

Prime U-District Investment & Development Opportunity! Rare fully leased duplex on a large 6,599 SF lot in the heart of the University District. Zoned MR (M1) with an 80-ft height limit, 4.5 FAR, and no min. parking requirement, offering massive long-term redevelopment upside. The well-maintained property features a spacious 7-bed/2-bath main unit with updated luxury vinyl plank flooring and a 2-bed/1-bath basement unit leased to a long-term tenant. Additional amenities include an on-site common area laundry room equipped with a washer and dryer. Total units generate steady income for the 2026–2027 academic year while you plan your project. Survey and geotechnical reports available. Unbeatable walk score just blocks to the University of Washington, UW Medical Center, Link Light Rail Station, restaurants, shopping, and I-5. Perfect cash-flowing asset, land-hold investment, or future multifamily site. Do not disturb tenants.

4247 7th Avenue NE, Seattle

Listing courtesy of Prolink Realty, LLC.

$3,600,000

2562636 MLS ⋅ ACTIVE Status

Exceptional investment opportunity to acquire a portfolio of five newer (2023-built) duplexes, totaling 10 fully occupied units in the growing Kelso market. With every unit currently leased at fair market rents, this turnkey investment offers immediate, consistent cash flow without the hassle of securing new tenants. Three duplexes feature a well-designed 1,494 SF floor plan per unit, while the remaining two offer the larger 1,809 SF plan per unit. Every unit includes 3 bedrooms, 2.5 bathrooms, quartz countertops, stainless steel appliances, spacious walk-in closets, walk-in showers, fully fenced & usable backyards, heat pumps with mini-split heating and cooling systems, garage and extended driveways providing ample tenant and guest parking. Ideally located with quick access to I-5, Longview, grocery stores, shopping, dining, schools, nearby golf course, and everyday amenities, this portfolio combines modern construction with a convenient location that continues to attract tenants. Whether you're expanding an existing portfolio or making your next multifamily investment, this rare offering delivers strong rental income, low-maintenance ownership, and outstanding long-term investment potential. All offers are subject to interior inspection.

950 Walnut Street, Kelso

Listing courtesy of Real Broker LLC.

$414,900

2562786 MLS ⋅ ACTIVE Status

Whether you're looking to invest or owner-occupy, this charming duplex is full of opportunity! Situated on a spacious corner lot in a highly desirable neighborhood, this well-maintained property offers a strong rental history and an ideal layout. Each unit features 2 generously sized bedrooms, 1 full bath, and comfortable living spaces designed for everyday living. Recent updates include a newer roof and plumbing, providing added peace of mind. A detached garage, ample off-street parking, and close proximity to schools, shopping, restaurants, and everyday amenities make this a standout investment. Live in one unit and rent the other, or add this turnkey duplex to your investment portfolio!

517 Center Street, Centralia

Listing courtesy of BHGRE - Northwest Home Team.

$560,000

2541204 MLS ⋅ ACTIVE Status

Exceptional income producing duplex with dual income streams in a highly desirable Meadow Glade neighborhood, conveniently around key attractions. On one side,(18603) is operating as an Airbnb. It is performing very well with excellent occupancy and reviews, about $2,000 monthly income-can be more with the new changes done to reservation restrictions. The other unit (18605) is a long-time rental~$1,400 monthly income. Throughout the units there has been extensive remodeling and updating in 2022-2024 including flooring, cabinets, counters, stainless appliances, lighting, bathroom vanity, toilet, countertops, plumbing, electrical, New interior paint & New roof-2022, New exterior siding-2026, New exterior paint-2026. You can have both sides for Airbnb or live on one side while earning a steady income from Airbnb on the other. The seller is also offering to assist with Airbnb support/turnover. Extensive on-site parking with large 0.37 acre lot. Lots of possibilities to add on, etc. for additional income, potential-buyer to do due diligence. Rare opportunity for an exceptional investment property in a very high-demand area. Mortgage savings may be available for buyers of this listing.

18605 NE Cramer Road, Battle Ground

Listing courtesy of Redfin.

$7,000,000

2562347 MLS ⋅ ACTIVE Status

Kidder Mathews is pleased to present Naomi & Charmaine, a 39-unit vintage apartment community located at 625–627 4th Avenue W in Seattle’s highly desirable Lower Queen Anne neighborhood. The offering consists of two classic brick buildings constructed in 1929 and 1930, featuring hardwood floors, built-in cabinetry, and timeless architectural details. The unit mix includes 32 studios and seven one-bedroom units, with 31 classic units providing a clear renovation and rent-growth opportunity. The property totals approximately 19,610 rentable square feet and includes shared laundry and 10 off-street parking stalls. Recent improvements include tuck-pointed masonry, re-caulked double-pane windows, TPO membrane roofs, breaker-panel electrical systems, updated plumbing, and central hot water. Residents benefit from a walkable location near Seattle Center, Climate Pledge Arena, grocery stores, restaurants, entertainment, Downtown Seattle, and South Lake Union employment centers. Naomi & Charmaine offers investors attractive scale, irreplaceable vintage character, and meaningful value-add upside in one of Seattle’s most established rental markets.

625 4th Avenue W, Seattle

Listing courtesy of Kidder Mathews.

$1,192,000

2562308 MLS ⋅ ACTIVE Status

Fantastic opportunity to own a well-located fourplex in Seattle’s desirable Magnolia neighborhood. Three units are currently leased, while Unit 3 is intentionally being held vacant to provide easy access for showings and flexibility for the next owner. Ownership has historically prioritized stable, long-term tenancies and limited turnover, resulting in several rents remaining on the lower end and offering potential for future income growth. The property includes four dedicated off-street parking stalls—one for each unit—on-site laundry and a shared backyard area. Zoned LR3(M), the property may also offer long-term redevelopment or value-add possibilities, subject to buyer verification and applicable City of Seattle requirements. Conveniently located near Magnolia Village, Discovery Park, Queen Anne, Ballard and Downtown Seattle, with easy access to neighborhood shops, restaurants, parks, transit and major employment centers. An appealing opportunity for an investor or owner-occupant seeking established rental income, immediate leasing flexibility and long-term potential in one of Seattle’s most established neighborhoods. Please do not disturb tenants.

2657 Thorndyke Avenue W, Seattle

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$2,350,000

2562531 MLS ⋅ ACTIVE Status

Built in 1967 and renovated in 2019/2020, the Quaker Court is a 10-unit apartment building located in the Mt. Baker neighborhood. This convenient, urban location is just blocks from Mt. Baker Station, several recreational parks, restaurants, and schools. The systems throughout the building that have been updated include the following: washer/dryer, quartz counters, LVP flooring, stainless appliances, new decks, freshy painted exterior and common areas with new carpet. This is a value-add opportunity from a management perspective, as all the heavy lifting has been completed; just need to raise the income.

2701 S Walden Street, Seattle

Listing courtesy of Westlake Associates, Inc..

$1,750,000

2562520 MLS ⋅ ACTIVE Status

Empire Flats is a fully renovated 9-unit building conveniently located blocks from Mt Baker Light Rail Station. This is an excellent opportunity for an investor as most of the renovations have been completed and the buyer simply needs to raise rent/income. Comparable rents nearby show that there is room to raise rents significantly without additional upgrades. Empire Flats has spacious units that have been updated throughout with new cabinetry, quartz counters, and stainless appliances. The modernized apartments also have desirable LVP flooring and in-unit laundry. The low maintenance building has a newer roof and exterior paint. There are plans to covert the existing laundry area to a 10th unit (buyer to verify).

3901 Martin Luther King Jr Way S, Seattle

Listing courtesy of Westlake Associates, Inc..

$1,200,000

2561535 MLS ⋅ ACTIVE Status

13616 & 13622 51st Ave S. is an exceptional investment and/or house hacking opportunity in the heart of Tukwila! The property consists of 2 duplexes on one large private 16,555 SF lot. All 4-units are 2 bd/1 bth and live more like homes than apartments. Three of the four units have been extensively updated/remodeled and all of the units feature a W/D, fireplace, eating area off kitchen, large outdoor space, and garage or off-street parking. Both duplexes have new exterior paint and newer roofs (w/in past 5 years). Strong rental history with long-term tenants and current rent upside. Conveniently located near major transportation corridors, Seattle-Tacoma International Airport, and key employment centers, which keeps the units full and providing stable cash flow. Great investment property, multi-generational living, or for an owner-occupant who wants to live in one unit and collect rent from the other units.

13622 51st Avenue S, Tukwila

Listing courtesy of Windermere Real Estate Midtown.

$1,500,000

2559752 MLS ⋅ ACTIVE Status

Exceptional opportunity to acquire a well-maintained 8-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually parceled off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,100+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 8-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping.

1609 Maple Lane Unit #C1-C8, Kent

Listing courtesy of Windermere Real Estate JS.

$420,000

2562020 MLS ⋅ ACTIVE Status

Listing includes both the Building and Business! The 3900 sqft multipurpose building is on 2 lots totaling half an acre. The The business is "Forgotten Treasures" where 28 vendors pay for rental space; Business is very well established having been in operation for 15 years. There are 3 additional retail/office spaces with bathroom facilities. Currently all spaces are rented (one office one retail) and summer rental parking lot space for a vegetable/fruit stand. In the future they are perfect for artist, maker, writer...or even perfect for a live/work. Owners currently also have a lucrative Shed Sales business where they have a contract to sell the sheds. If new owner wanted they could possibly contract to continue with vendor.(Sheds do not come with the property) Dream big as there are a multitude of options including live work or converting to long or short term rentals. Lot is also ready for 2 food trucks which used rent space. Property has large frontage along Bay Ave(Hyw 103) and has a great location with a strong traffic count. Lots of off street parking and room for expansion building is ideally situated in vibrant Ocean Park with the Pacific Ocean and Willapa Bay within walking distance. Located next door to Okies Thirftway and close Jack's, banks and restaraunts

1910 Bay Avenue, Ocean Park

Listing courtesy of RE/MAX Excellence.

$500,000

2562140 MLS ⋅ ACTIVE Status

Wonderful investment property ready to rent! Unit A- occupied newly signed lease at $1895/month. Features 3 bedroom 1 bath, 2 stories with full kitchen and full bath. W/D in unit, large front porch, excellent location in central Tacoma. Unit B- recently updated on lower level. 2 bedroom 1 bath. 3 parking spots plus street parking. Backyard features shared garden area, and room to play on a good lot. Come take a look today, and buy your next investment property!

1110 S 25th Street Unit #A/B, Tacoma

Listing courtesy of Keller Williams Realty PS.

$2,750,000

2561260 MLS ⋅ ACTIVE Status

The Viking apartment is a well located multi-family apartment building situated in the heart of Ballard. The Viking offers investors the opportunity to acquire a fully leased property with an in-place income stream, strong renovation upside and long-term rental growth. The Viking is a 10-unit multi-family property built in 1965. The building features 9 one bedroom, one bath units and one 2 bedrrom, 1 bath unit. Laundry room with storage lockers on the first floor. 3 carports and 3 off street parking spaces.

5920 24th Avenue NW, Seattle

Listing courtesy of L. Dankers Real Estate Group.

$565,000

2555516 MLS ⋅ ACTIVE Status

Townhome-style Duplex with a Stunning Mount Rainier View from you primary bedroom in quaint Winlock, WA. Experience low-maintenance living in this beautifully designed townhome-style duplex featuring two spacious en-suite bedrooms, each unit offers both comfort and privacy. Both with walk-in closets with full on suite bathrooms. Convenient upstairs laundry just steps from each bedroom. The open concept main level showcases a slider to the private back porch and fills the living space with natural light. Each unit is 1145 sq. ft, A single-car garage adds everyday convenience, and the peaceful setting provides the perfect blend of comfort, style, and Northwest beauty. Unit A is currently rented on a month-to-month basis, while Unit B is owner-occupied and available for touring. Rent one side while living in the other, or add this versatile property to your portfolio as an excellent investment opportunity.

1016 Peach Street, Winlock

Listing courtesy of Redfin.

$1,350,000

2561658 MLS ⋅ ACTIVE Status

Prime investment opportunity in the heart of Ballard! This spacious tri-plex offers an exceptional opportunity for investors or owner-occupants seeking strong rental income in one of Seattle's most sought-after neighborhoods. Each residence is full of character, featuring cozy fireplaces and thoughtfully designed floor plans. The two upper-level units offer spacious two-story layouts with two bedrooms, two bathrooms, private laundry rooms, oversized garages, and a primary ensuite with a dedicated den or home office on the lower level. The lower-level unit features two bedrooms, one bathroom, and its own in-unit laundry.Two of the three units have been recently remodeled with beautifully updated kitchens and bathrooms, enhancing both style and rental appeal. A partially fenced backyard provides additional outdoor space for residents to enjoy. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers outstanding flexibility and long-term potential in an unbeatable Ballard location. Please do not disturb the tenants.

816 NW 60th St, Seattle

Listing courtesy of Olympic View Realty.

$1,995,000

2560645 MLS ⋅ ACTIVE Status

Nestled in Seattle's most coveted Green Lake neighborhood, this well-maintained 7-unit apartment building offers an exceptional foundation for multifamily investment. Located just steps from the iconic Green Lake Park, the property features an attractive mix of one and two-bedroom units generating consistent, stable rental income in one of the city's most sought-after submarkets. This is an ideal opportunity for both experienced and emerging investors seeking exposure to Seattle's resilient rental market. The property benefits from strong tenant demand, proven longevity, and a premier location in one of the Pacific Northwest's strongest performing neighborhoods—positioning it perfectly for investors looking to build wealth through long-term appreciation and steady cash flow.

6515 5th Avenue NE, Seattle

Listing courtesy of Pacific Crest.

$8,900,000

2561392 MLS ⋅ ACTIVE Status

A truly extraordinary Spanish-inspired estate, distinguished by its timeless white stucco exterior, red tile roof, and exceptional craftsmanship. Beyond the secure gated entry, immaculate grounds and a grand circular drive set the stage for an unforgettable arrival. Inside, marble floors, sparkling crystal chandeliers, soaring ceilings, and exquisite finishes create an atmosphere of refined luxury, enhanced by an integrated sound system, video security, elevator access to both levels, and a temperature-controlled wine cellar. Designed for grand-scale living and entertaining, the main residence offers 7 bedrooms and 9 baths, including a private ADU off the lower level, plus a detached casita, pool house, and outdoor kitchen in the courtyard totalling 14K sf! The chef's kitchen is a masterpiece with 4 sinks, gas range, double ovens, and a pass-through bar with heat lamps. The elegant dining room seats 20. Relax in the den featuring a full bar and second kitchen. Resort-style amenities include a spectacular indoor pool house with heated pools, a jacuzzi, two bathrooms, and poolside shower, along with an outdoor kitchen equipped with professional-grade appliances, inviting courtyard fire pit, and multiple seating areas. An additional 2 acres of undeveloped land. Close to hospitals, dining, and shopping! This home has even served as a filming location for the movie "Last Seen in Idaho." Be sure to watch the property video. Rare opportunity to own a truly private mansion.

6409 Rosedale Street NW, Gig Harbor

Listing courtesy of United R/E Puget Sound West.

$659,500

2561053 MLS ⋅ ACTIVE Status

A rare find for the discerning investor is now available at 710 South Monroe, Wenatchee. This well maintained turnkey fourplex offers a prime income-producing assest in a central Wenatchee Valley location. This meticulously maintained highly updated property features four individually metered units — three one-bedroom, one-bath and one spacious two-bedroom, one-bath delivering a diversified tenant mix that supports strong, stable income across multiple unit types. Individually metered utilities reduce owner expenses and simplify management, while the property’s turnkey condition means minimal deferred maintenance for a new owner. Combined with its central location and consistent performance, this producing income property is positioned for reliable cash flow and long-term appreciation for a new owner. Well-maintained, income-generating multifamily assets in this sought-after location rarely come to market. Don’t miss your opportunity to add this rare, high-performing property to your investment portfolio. Showings by appointment only.

710 S Monroe Street, Wenatchee

Listing courtesy of John L. Scott Leavenworth.

$1,999,950

2558358 MLS ⋅ ACTIVE Status

Live in the heart of Capitol Hill while building equity with this unique Craftsman-style fourplex. Ideal for an owner-occupant or seasoned investor, the versatile unit mix includes a studio, one-bedroom and 2 three-bedroom residences. Live comfortably in one unit while rental income from the others helps offset your mortgage. Current monthly income is $8400 with potential upsides in rents as you improve each unit. Residents will appreciate having Capitol Hill’s acclaimed restaurants, cafés, nightlife, shopping and transit just outside their door. The property offers solid in-place income with potential to increase rents as units are turned-over and upgraded. Zoned NC3P-75 (M) which also provides long-term redevelopment opportunities for mixed-use apartments or "condo-ize" the property. Enjoy the energy and convenience of one of Seattle’s most desirable neighborhoods while securing an income-producing property with room to grow. Seller Financing Available.

1210 E Pine Street, Seattle

Listing courtesy of Berkshire Hathaway HS NW.

$799,950

2560187 MLS ⋅ ACTIVE Status

Excellent investment opportunity in a desirable Marysville neighborhood! This spacious duplex features two approximately 1,182-square-foot units, each offering 2 bedrooms, 2 bathrooms, an open floor plan, in-unit laundry, a private fenced yard, and its own 2-car garage. Both units also feature gas heat, gas water heaters, and gas fireplaces. Unit A has been extensively remodeled with an updated kitchen, bathrooms, flooring, and finishes, and is leased at a premium rental rate. Unit B is occupied by a reliable long-term tenant and has also seen significant recent upgrades, including new luxury vinyl plank flooring throughout, new appliances, a new gas fireplace insert, replacement of fogged windows, new blinds, new interior doors, a new gas hot water tank, new bathroom exhaust fans, and a new cedar privacy fence surrounding the yard. Pre Inspection Available. Just ask LA. The roof was installed around 2017, has been recently inspected, and was found to be in good condition. The exterior was painted approximately five years ago. Both units are occupied, with tenants contributing toward utilities, providing stable income and reduced operating expenses. Located on a quiet cul-de-sac with convenient access to shopping, schools, and commuter routes, this is a well-maintained, turnkey investment offering strong rental appeal and long-term upside.

5411 99th Place NE Unit #A/B, Marysville

Listing courtesy of HomeSmart Real Estate Assoc.

$1,399,000

2542292 MLS ⋅ ACTIVE Status

The property includes one non-conforming studio unit, two 1-bedroom/1-bathroom units, and one 2-bedroom/1-bathroom unit. All units were renovated approximately five years ago, featuring hard-surface flooring, updated kitchens, fresh paint, and modern fixtures throughout. The current owner has maintained the property with great care, and it benefits from mature landscaping that enhances its overall appeal. The property currently operates at a 4.6% cap rate, with potential upside through rent increases and the addition of storage income. This offering represents a rare chance to acquire a well-maintained, stabilized asset in the heart of Georgetown.

6635 Carleton Avenue S, Seattle

Listing courtesy of Skyline Properties, Inc..

$1,499,000

2558436 MLS ⋅ ACTIVE Status

Rare opportunity, newer 2001 4-plex investment in a prime Everett location! Option to live in one unit while your tenants pay your mortgage. This well-maintained multifamily property offers an impressive 5,117 square feet of living space. The upper-level features two spacious 3-bedroom units, each offering an exceptional 1,492 square feet of living space. The ground level includes two well-designed 2-bedroom units, each with 1,066.5 square feet. Tenants also enjoy access to a large 851-square-foot, 4-car garage located at the rear of the property. Each unit has been recently refreshed with new interior paint, carpet, blinds, countertops, and hardwired smoke and carbon monoxide detectors, making this a truly turnkey investment. Conveniently located just minutes from I-5, the new YMCA, shopping, dining, and the vibrant Everett Waterfront, this property offers excellent accessibility and strong tenant appeal. With low-maintenance construction, all appliances included, and the potential for approximately a 6.4% cap rate, this is an outstanding long-term investment opportunity. Listing agent is also a property manager and can assist with future placements and management for a lower negotiated fee. Buyer to verify all information to their satisfaction. Ask me about the preferred lender credit!!!!

3426 Oakes Avenue, Everett

Listing courtesy of Gilpin Realty, Inc..

$625,000

2559531 MLS ⋅ ACTIVE Status

Completely reimagined and rebuilt in 2024, this turnkey duplex offers the rare combination of classic character and modern construction. Taken down to the foundation and studs, nearly every major component has been replaced, providing years of low-maintenance ownership. Extensive improvements include a new roof, windows, siding, insulation, electrical, plumbing, mini-split heating & A/C, LVP flooring, stainless steel appliances, in-unit stackable laundry, and fresh landscaping. Each unit features contemporary finishes, efficient layouts, and independent mini-split HVAC systems. Both the upper and lower units are currently leased at $1,500/month, offering immediate income with room for future rental growth. Ideal for investors or owner-occupants looking to offset their mortgage, this property is minutes from the University of Washington Tacoma, University of Puget Sound, Tacoma Community College, MultiCare and Virginia Mason Franciscan hospitals, downtown Tacoma, shopping, dining, parks, and major commuter routes. With virtually every major system replaced, this is a true turnkey investment in one of Tacoma's most convenient, high-demand rental corridors.

1410 6th Avenue, Tacoma

Listing courtesy of Redfin.

$2,500,000

2556524 MLS ⋅ ACTIVE Status

Orchard St Duplexes is a collection of four duplex buildings totaling eight residential units on just over an acre in a quiet Tacoma neighborhood near University Place. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,280 square feet across two stories, with in-unit washer and dryer, double-pane vinyl windows, and a private garage. Wood-frame construction built in the early 1990s. Convenient access to I-5, Highway 16, and Tacoma Mall Boulevard.

4846 S 48th Street, Tacoma

Listing courtesy of Paragon Real Estate Advisors.

$899,000

2559871 MLS ⋅ ACTIVE Status

Part of core Downtown Granite Falls, zoned commercial, grandfathered multi-family. Fully stabilized rents withlong term tenants in place. Upside available with rental increases and utility billback. All units renovated in2022, complete re-roofed in 2022 with 30 year roof. Onsite coin-op laundry. All units 2 bed/1 bath. Generous city parking.

316 S Granite, Granite Falls

Listing courtesy of Realty One Group Orca.

$1,150,000

2559306 MLS ⋅ ACTIVE Status

Looking for a great investment with positive cash flow? Here's your chance to own not just 1 duplex but 2 duplexes in this beautiful area of Beach Drive in Port Orchard! Each unit has 2BR & a full bath plus a very unexpected half bath for guests. The layout is great! Living, Dining, Kitchen, half bath & a super large storage space on the main floor and 2 BR, full Bath and Laundry below plus storage under stairs. Each has its own deck looking out to Sinclair Inlet where the WA State Ferries travel several times a day along with a multitude of marine life to see in their natural habitat. Having the bonus of a garage is also very attractive to tenants. There is no better price per unit in much of Kitsap than these 2 duplexes. Rental demand is high and inventory is low. These units have never stayed empty very long. Rent payments are below the current market rates. An investor could create a bigger cap rate and would truly benefit from these duplexes in their portfolios. Don't miss the amazing view!! Please NO drive-bys.

4617 Beach Drive E, Port Orchard

Listing courtesy of Better Properties Kitsap.

$799,999

2559823 MLS ⋅ ACTIVE Status

Versatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, with all four residences renovated within the last several years. Updates include modern appliances, durable LVP flooring, and refreshed interiors. Each unit also includes dedicated storage, while the two-bedroom units feature a 920sq ft covered carport parking with 4 storage units. A secure shared laundry room is conveniently located beneath the carport. Three units are currently occupied by long-term tenants, providing immediate rental income. The fourth unit has been freshly renovated and is vacant, ideal for an owner looking to live onsite while offsetting expenses or for an investor ready to place another tenant and maximize cash flow. This property was made for house hacking and NO HOA!! Conveniently located near Downtown Auburn, shopping, dining, transit, and Highway 18 for easy commuting.

417 22nd Street SE, Auburn

Listing courtesy of Operation Red Dot.

Mckenna Multi-Family Properties for Sale

Newest Mckenna Multi-Family Homes for Sale

Alex Foraker

SEARCH

RESOURCES

About