MULTIFAMILY HOMES WA STATE

WA MULTI FAMILY PROPERTIES FOR SALE

Search washington State duplexes, triplex, 4-plex, apartment buildings, investment rental properties and commercial multifamily real estate

  Multifamily properties throughout King, Pierce, Thurston County WA and surrounding areas have shown great opportunities to provide immediate cash flow. With the advanced search tool, you'll be able to refine criteria by property type, building size such as duplex, triplex, 4-plex or 10+ units.

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WA MULTI FAMILY LISTINGS FOR SALE

$700,000
2581755 MLS ACTIVE Status
Exceptional opportunity to acquire a well-maintained 4-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 $2,000+ 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 4-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 #C5-C8, Kent

Listing courtesy of Windermere Real Estate JS.

$995,000
2582564 MLS ACTIVE Status
The Dravus Fourplex consists of four thoughtfully configured units, including two studios, a 2BD/1BTH unit, and a 1BD/1BTH unit with a den. Each unit features in-unit W/D, vinyl plank flooring, and updated appliances. Select units have received more extensive renovations, including gray shaker cabinetry, quartz-style countertops, modern fixtures, and other contemporary finishes, while the remaining units have been updated over time as needed and maintained in good condition. The property is exceptionally well located, with Fremont just a five-minute walk across the Fremont Bridge, providing immediate access to the neighborhood’s restaurants, bars, retail, and entertainment. Opportunities to acquire a renovated and well-positioned fourplex in Queen Anne are increasingly rare. With the building’s major systems addressed, a new roof, renovated interiors, and strong proximity to Fremont and Queen Anne, the Dravus Fourplex offers an attractive combination of current income and future upside. Unit 3 has recently become vacant, creating an excellent owner-user opportunity for a buyer looking to occupy one unit while benefiting from rental income from the remaining three. The property is already operating well, while additional upside exists through the potential to implement utility bill-backs, providing a clear path to further increase income and improve overall operating performance.

1 Dravus Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$545,000
2576063 MLS ACTIVE Status
HOUSE HACKER or INVESTOR SPECIAL ON HILLTOP! It has been maintained incredibly well by the owner for over 20 years. Nearly $70,000 in recent improvements! New roof $17k, exterior paint $17k, lower unit remodel $31k & new alley gate $3245. Rare, high quality duplex where the big-ticket work has already been done. Perfect first rental property or if looking to expand your current portfolio. Both apartments are 2-bed, 1-bath units with access to shared laundry. Main level unit lease exp OCT 1, 2026. Upstairs tenant is MTM. Both have been served $50 increase notices effective NOV 1, 2026. Opportunity to recapture w/s/g via RUBS. Gated, off-street parking available. For the owner-occupant, live in one unit while the second unit helps offset your housing costs, the classic house-hack strategy with the added benefit of owning a property with strong long-term investment potential. The location is another major asset. Situated near the heart of Tacoma, residents enjoy convenient access to Downtown, UW Tacoma, employment centers, dining & public transportation. Beer lovers: the duplex is on the same street as E9 Brewing & Redd Dog Brewing! Nearby transit options for residents commuting throughout Tacoma & the South Sound. This property is ready for its next owner to enjoy rather than inherit a heavy cap ex/renovation list. Easy to self-manage. Seller's exit is your gain. Lot may accommodate future DADU development. Buyer to verify measurements, zoning, rents & financing eligibility.

2346 Fawcett Avenue, Tacoma

Listing courtesy of Multifamily Properties.

$1,275,000
2582595 MLS ACTIVE Status
The offering consists of two separate structures on a single 4,800 square foot NR3 zoned parcel. A two bedroom house built in 1946 sits at the front of the property, and a standalone duplex built in 1988 sits behind it, containing two more two bedroom/one bathroom units. Total net rentable area is 2,340 square feet across the three units, with an additional 720 square feet of unfinished basement beneath the house. Each unit is a two bedroom, one bathroom layout with a dedicated storage locker and its own full size washer and dryer. Both duplex units are vacant and ready for occupancy. Both interiors have been freshly painted and have new vinyl plank flooring, new carpet, new window blinds, and the appliance package in the upper unit (unit B) is new. Hot water tanks were replaced in 2023 and 2024. The property also works for an owner user, who can occupy a duplex unit at closing. The house sits on 720 square feet of unfinished basement with a dedicated entry, good ceiling height, and a sewer line that runs down rather than out through a sidewall, which allows a bathroom to be added at the lower level without sacrificing space. A buyer can finish the basement as additional living area for the house or pursue the addition of a fourth unit. The parcel is zoned NR3, which allows four units on the site. A buyer is to research and confirm the viability of these options to its own satisfaction, including with the appropriate City of Seattle zoning and construction departments.

5911 SW Admiral Way, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,800,000
2579094 MLS ACTIVE Status
Introducing the Stadium District Bayview Apartments, an iconic trophy 7-unit multifamily investment overlooking Commencement Bay, offered to the market for the first time in over 80 years and showcasing irreplaceable vintage Dutch Colonial charm. Located in Tacoma’s highly desirable Stadium District, the property is just steps from the Tacoma Lawn Tennis Club, Annie Wright Schools, and Stadium High School. This is a truly special opportunity for either an investor or owner-occupant, offering strong in-place cash flow alongside the rare opportunity to take advantage of the currently vacant 2,500-square-foot owner’s unit. This expansive 4-bed, 2-bath residence features three separate living areas, a spacious dining room, and an impressive 850+ square-foot private deck. Market rent comparables suggest the unit could command approximately $4,000 per month, providing a new owner with the flexibility to either occupy the residence or further enhance the property’s income. The property features a unique unit mix consisting of the main four-bedroom, two-bathroom unit, five spacious one-bedroom apartments averaging 683 SF, and a 455-SF studio apartment. The main residence and Unit C feature in-unit laundry, while the remaining residents benefit from a common laundry room located in the basement. Major capital improvements include updated electrical panels throughout the property and a roof replacement completed within the last 10 years. Come tour this special asset!

406 N 6th Street, Tacoma

Listing courtesy of Blake Investment Advisors.

$750,000
2581917 MLS ACTIVE Status
If you are looking for the perfect multi-family duplex home with stunning Mt Rainier and sound views, look no further. This duplez is Located in sought after waterfront community of Manchester which features a beautiful waterfront park, 1st class boat launch, restaurant, pub, library, deli and more. This home shows pride of ownership from the moment you pull in the driveway. There is a large three car detached garage with additional shop space. Entering the main floor, you are greeted by gleaming hardwood floors, a spacious living room and large picture windows to take in the stunning views. The kitchen enjoys the beautiful views large dining room/den and is in pristine condition. There are two spacious bedrooms and full bath. You love the large deck to enjoy the amazing views of Mt. Rainier and the Sound. The lower unit is basically the same footprint, big living room, nice kitchen both enjoy beautiful views, there is a large patio which you will love on those long summer days. There are two laundry rooms downstairs, so each level enjoys own laundry room and washers and dryers are included. This home is set up with three power meters, one each for the upper and lower units and the garage has it's own meter as well. The home is turnkey ready for immediate occupancy, new window panes fresh paint and more. Manchester provides easy access to Southworth ferry, shopping and freeways State Parks. This home has it all, location, views and more. Don't delay this home will sell fast!!

2601 2nd Avenue E, Port Orchard

Listing courtesy of Windermere Prof Partners.

$975,000
2581341 MLS ACTIVE Status
Rare opportunity to own a Turnkey, beautifully remodeled side-by-side townhouse style duplex style on a spacious .49-acre R-7,200 zoned lot in a convenient Lynnwood location. Both units offer updated interiors with modern kitchens, white cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, flooring and lighting. Spacious living areas, fireplaces and thoughtful updates create a turnkey opportunity for an investor or owner-occupant looking to live in one unit while generating income from the other. Bright, open living spaces are complemented by large windows, recessed lighting and contemporary finishes throughout. Updated kitchens feature generous counter space and functional layouts ideal for everyday living and entertaining. Separate living spaces provide privacy between units, making the property well suited for multigenerational living, rental income or an owner-occupied investment. Enjoy the flexibility of a substantial lot with room for outdoor living, gardening and additional possibilities. Each unit is fully fenced in. Pending updated photos. Large, private R-7,200 lot offers intriguing future development potential. Add ADUs? Add more units? Subdivided? Convenient access to shopping, dining, transit and major commuter routes. A unique combination of move-in-ready condition, rental income potential and long-term land value. Buyer to verify development possibilities with Snohomish County.

14213 Admiralty Way, Lynnwood

Listing courtesy of Sound Asset Partners LLC.

$2,250,000
2581844 MLS ACTIVE Status
We are pleased to present this well-maintained 6-unit apartment property in Ballard, one of Seattle’s most established and desirable rental markets. Built in 1982 and offered for sale for the first time by the family of the original builder, the property combines durable construction, spacious 2-bedroom floor plans, desirable resident amenities, and identifiable renovation upside. The property is comprised entirely of 2-bedroom, 1-bath corner units featuring in-unit W/D, fireplaces, private balconies, dining areas, dishwashers, refrigerators, ranges, and wood flooring. A common area provides secure resident storage, an additional laundry set, and a 1/2 bath, with potential for conversion to an additional unit (buyer to verify). 6 parking spaces are provided, 5 of which are covered. Ownership began renovating interiors in 2021, with 3 of the 6 units remodeled to date. The remaining apartments retain classic finishes, providing a clear opportunity to continue the renovation program and capture additional rental upside. Building systems include copper plumbing and Crouse-Hinds electrical panels, and a full roof replacement was completed in August 2026. Located in the heart of Ballard, along with recent capital improvements, an all 2-bedroom unit mix, in-unit laundry, covered parking, and a straightforward value-add strategy, the property offers investors an attractive combination of current income, renovation potential, and long-term appreciation.

1544 NW 53rd Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,400,000
2580889 MLS ACTIVE Status
Casa Bella Apartments is a gated multifamily investment opportunity located in SeaTac, Washington, just minutes from Sea-Tac International Airport, the Angle Lake Link light rail station, and the I-5 corridor. Casa Bella consists of 9 large residential apartments across a desirable mix of two- and three-bedroom floor plans, with units averaging 1,031 square feet. All units feature in-unit washers and dryers and private balconies or decks, offering renters the space, functionality, and convenience increasingly sought after by today’s tenant profile. The gated community provides an added level of privacy and security, while the spacious floor plans appeal to families, working professionals, and airport-oriented residents. Built in 2004 and situated on an approximately 23,700 square foot (0.54 acre) lot, Casa Bella offers investors a well-maintained, low-density asset with a low-maintenance ownership profile. The property contains approximately 9,282 square feet of building area, providing a highly functional residential footprint with large units. Casa Bella’s location provides exceptional regional connectivity, with Sea-Tac International Airport, Angle Lake Station, and Interstate 5 all located within close proximity. The property also benefits from convenient access to major employment centers throughout the region, supporting long-term rental demand and positioning the asset for continued value appreciation.

3221 S 208th Street, SeaTac

Listing courtesy of Paragon Real Estate Advisors.

$2,968,000
2580275 MLS ACTIVE Status
A rare opportunity to acquire two new-construction, income-producing units in Kirkland’s coveted East of Market neighborhood. East of Market remains one of Kirkland’s most sought-after neighborhoods, offering the best of both worlds—a quiet, established setting w/ the energy + convenience of downtown just moments away. Waterfront parks + beaches, restaurants, cafés, boutique shopping, Kirkland Urban + the Cross Kirkland Corridor are all within easy reach, creating the walkable lifestyle that continues to make Kirkland such a desirable place to live. The location also places residents near Google’s Kirkland campus and within convenient reach of Downtown Bellevue, Microsoft’s Redmond campus + the broader Bellevue-Redmond technology employment corridor. Highly regarded Lake Washington schools add to the long-term appeal, with highly regarded Peter Kirk Elementary just a few blocks away. Easy access to I-405 and SR-520 connects the property throughout the Eastside and into Seattle, supporting continued appeal to a strong professional tenant pool. With new construction comes another meaningful investment advantage: limited deferred maintenance and fewer anticipated near-term capital expenditures compared with traditional small multifamily properties. The result is a distinctive Kirkland investment opportunity combining immediate income, low-maintenance ownership, two detached residences, and long-term exposure to one of the Eastside’s most desirable residential markets.

634 + 636 Eleventh Avenue, Kirkland

Listing courtesy of Windermere Real Estate/East.

$775,000
2579713 MLS ACTIVE Status
Own in central Seattle and let the second unit help offset the cost of ownership. This vacant Central Area duplex offers two 2-bedroom, 1-bath units, each with its own kitchen, in-unit laundry and lockable entry; the upper unit adds a small bonus room with walk-in closet. Live in one and rent the other. For multigenerational living, it offers that hard-to-find balance: close enough to be together, with enough separation for privacy. Or use the second unit for a long-term or furnished mid-term rental strategy. One block north of 23rd & Cherry, transit is close at hand, with Seattle University, Seattle Central College, nearby medical centers and the 23rd & Union hub all within easy reach. That close-in location works twice: it makes everyday life easier for an owner and puts the second unit near the places many renters need to be. Walk Score 90 and Bike Score 98 underscore the convenience. Just inside the shared front entry, a classic wood staircase leads to the upper unit, with front- and east-facing windows bringing natural light along the way. A shared covered front porch and fully fenced backyard add useful outdoor space, while the 1906 exterior brings classic Seattle street presence. Longstanding rental use and vacant delivery give the next owner room to shape the property around their own living and rental plans. In a neighborhood where daily needs, local favorites and major destinations are close by, this is a flexible way to put down roots in the heart of the city.

2307 E Columbia Street, Seattle

Listing courtesy of Windermere R E Mount Baker.

$925,000
2574807 MLS ACTIVE Status
Two beautifully refreshed homes. One outstanding investment opportunity. This extensively remodeled Marysville duplex offers exceptional flexibility for investors or buyers looking to live in one home while generating rental income from the other. Each spacious 1,278 SF unit features 3 bedrooms, 2.5 baths, a private primary suite and its own 2-car garage—giving you 6 bedrooms, 5 baths and 4 garage spaces across the property. Both interiors have been transformed with fresh paint, new flooring and carpet, updated kitchens with new counters and refreshed cabinetry, and updated baths. Vaulted living rooms with dramatic windows and fireplaces create bright, inviting spaces, while open kitchens and dining areas connect directly to each private backyard. Outside, enjoy fresh exterior paint, generous off-street parking and a large 11,761 SF lot with separate fenced yards offering space for pets, gardening, play or outdoor entertaining. Tucked away on a dead-end cul-de-sac while remaining convenient to shopping, dining, schools, parks, services and commuter routes. With both sides refreshed and ready for their next chapter, this is a rare opportunity to acquire a turnkey duplex without immediately inheriting someone else's renovation list. Live in one and rent the other, create a multigenerational arrangement with separate residences, or add a remodeled duplex to your investment portfolio. Photos contain virtual staging.

8204 47th Avenue NE, Marysville

Listing courtesy of Keller Williams North Seattle.

$999,900
2572714 MLS ACTIVE Status
Hard-to-find, leased duplex offering immediate income and strong investment potential! Gross annual income of $59,940 with taxes/insurance of $10,331 produces an NOI of $49,609 and approx. 4.9% CAP at $999K. Current rents are $2,400 & $2,595/mo, with PM-projected market rents of $2,895/unit, offering potential for approx. 5.8% CAP at market rents. Tenants pay all utilities. Each spacious unit features 3 beds, 2.5 baths, bonus room, large dining area, gas fireplace, gas cooking/heat, 2-car garage PLUS abundant additional parking and enormous, level, fully fenced private yards—a standout feature for tenants. HardiePlank siding and fresh exterior paint. Unit A offers bamboo flooring & SS appliances; Unit B features LVP, white appliances & new cooktop. Located in the highly desirable Lake Stevens School District, walking distance to the high school and convenient to Hwy 9. Generous floorplans provide the space and functionality renters seek, while individual garages, extensive off-street parking and expansive fenced outdoor spaces help set this property apart from typical multifamily offerings. Established tenancy provides income from the start, while projected market rents offer additional upside for the future. An appealing combination of location, livability, rental demand and income potential makes this a compelling opportunity to acquire an established investment property in a sought-after Lake Stevens community.

11243 30th Street NE, Lake Stevens

Listing courtesy of Real Broker LLC.

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