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$8,000,000
2584938 MLS ⋅ ACTIVE Status
Centerwood presents an exceptional opportunity to acquire a 36-unit multifamily community built in 2009, located in White Center within unincorporated King County. The property consists of three well-maintained buildings totaling approximately 27,890 rentable square feet, featuring an attractive all two-bedroom unit mix with 35 two-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. Each residence includes an in-unit washer and dryer, while the community offers 61 parking stalls. Quality construction features include fire sprinklers, copper supply lines, double-pane windows, and individual hot water tanks. Conveniently located near downtown White Center, Westwood Village, public transportation, and major employment centers. Centerwood offers investors a compelling opportunity with a 5.83% in-place cap rate and potential upside through operational improvements and light cosmetic renovations. Offered at $8,000,000.

10790 16th Avenue SW, Seattle

Listing courtesy of Kidder Mathews.

$2,395,000
2584915 MLS ⋅ ACTIVE Status
Exceptional investment opportunity in Seattle’s North Queen Anne neighborhood! 163 Etruria is a 9-unit apartment building featuring spacious one-bedroom, one-bathroom residences averaging 831 square feet. Built in 1975, the property offers approximately 7,475 net rentable square feet, shared laundry facilities, and off-street parking. Ideally situated near Fremont, Seattle Pacific University, and the Fremont Cut, residents enjoy convenient access to dining, shopping, entertainment, and major employment centers. Investors have an opportunity to increase income through unit renovations, rental growth, utility reimbursements, and parking revenue. Offered at $2,395,000 with a 6.13% in-place cap rate, the property presents an opportunity to acquire a well-located multifamily asset with value-add potential.

163 Etruria Street, Seattle

Listing courtesy of Kidder Mathews.

$1,600,000
2584770 MLS ⋅ ACTIVE Status
Discover Castlemonte Apartments, an 8-unit investment opportunity located at 13204 12th Ave SW in Burien. Built in 1988, the property features 6,260 rentable square feet across two structures on a 13,350 SF lot zoned MU-1. The unit mix includes a studio, six spacious two-bedroom apartments, and a detached 2-bedroom single-family rental with a private yard. One unit is non-conforming. Property amenities include private balconies and patios, 14 off-street parking stalls, common laundry, and select units with territorial views. Recent improvements include a composition roof installed in 2021. Offered at a 6.75% in-place cap rate, Castlemonte presents an opportunity to increase NOI through rental upside and operational improvements. The two-structure configuration also offers potential to explore subdividing and selling the single-family home separately, subject to buyer verification and municipal approval. Conveniently located near Downtown Burien, Sea-Tac Airport, and major employment centers throughout the Puget Sound region.

13204 12th Avenue SW, Burien

Listing courtesy of Kidder Mathews.

$1,695,000
2584222 MLS ⋅ ACTIVE Status
The Iowan Apartments is a seven-unit apartment building located on the South slope of Queen Anne. The building is priced at a current 5.5% cap rate and has been extensively upgraded including a re-plumb of the building supply lines (2026), a new roof (2025), new central hot water tank (2024), double pane vinyl windows, and square D electrical panels throughout the building. The property includes seven open parking stalls accessed off the alley. The property comprises 4,870 net rentable square feet across seven units, averaging 696 square feet, with a mix of one studio, four one-bedroom units including one one-bedroom plus den, one two-bedroom, and one three-bedroom. Interior improvements completed upon natural turnover support potential monthly income of approximately $17,234, representing a 25.1% increase. The property is zoned LR3 (M) within the Uptown Urban Center, with a 2.3 FAR and a 50 foot height limit on a 5,610-square-foot lot. The existing building utilizes approximately half of the site’s maximum permitted floor area, creating meaningful future development optionality. Uptown has no residential parking minimum, providing flexibility for future redevelopment. See the Development Optionality section for additional details. Located two blocks north of Seattle Center, the property offers immediate access to Climate Pledge Arena, the Space Needle, Seattle Center Monorail, and the surrounding Uptown amenity base.

819 6th Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,695,000
2584084 MLS ⋅ ACTIVE Status
The Deauville Apartments is an 8-unit multifamily investment located at 2801 14th Ave W in Seattle’s Queen Anne neighborhood, above the Interbay corridor. Built in 1961, the property offers a uniform unit mix of 8 two-bedroom, one-bathroom homes averaging 784 square feet, on a 9,000 square foot LR3(M)-zoned lot. All units feature in-unit laundry, dishwashers, view windows, modern updates, and dedicated parking. Systems work included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout. Every unit now has in-unit W/D and exhaust fans from its bathroom and kitchen. The roof received a full perimeter d a secure package box, a regraded parking area, and repairs to stairwell and walkway structures. Four units were completely remodeled with all-new kitchens, along with all-new bathrooms, new entry doors, and new hardwood flooring. The remaining units received mid-level renovations, including new appliances, updated electrical and plumbing fixtures, refinished bathtubs, new lighting, and ceiling fan additions in bedrooms. Real prefinished red oak hardwood was installed in six units and engineered hardwood in a seventh unit. The property shares the Armour Street city right of way. This provides residents a park like feel in an urban setting and an amenity to any future redevelopment.

2801 14th Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,900,000
2584164 MLS ⋅ ACTIVE Status
Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.7% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.

7101 6th Avenue NE Unit #1-10, Seattle

Listing courtesy of Kidder Mathews.

$1,325,000
2583445 MLS ⋅ ACTIVE Status
Ideally located just a few blocks north of the University of Washington campus, this 5-unit multifamily apartment community is within walking distance of The Ave's retail and dining corridor and benefits from the neighborhood's excellent transit connectivity. The property features a desirable unit mix of two one-bedroom and three two-bedroom units, averaging approximately 763 square feet. The building has a pitched composition roof. Two units have been recently renovated, and capital improvements include an updated electrical system with Square D panels, new sewer lines and dual-pane windows throughout, reducing near-term capex exposure for a new owner. The three remaining classic units offer rent upside upon turnover, giving investors a phased value-add path rather than requiring day-one repositioning. Five off-alley parking spaces, a meaningful advantage in this parking-constrained submarket, plus on-site laundry and storage round out the offering, supporting both tenant retention and ancillary income potential. Offered at $265,000 per unit and below $350 per square foot, the property presents an attractive basis and offers long-term stability close to the city's largest institutions.

5030 15th Avenue NE Unit #1-5, Seattle

Listing courtesy of Kidder Mathews.

$1,695,000
2583141 MLS ⋅ ACTIVE Status
We are pleased to present Capitol Hill 7, a well-located 7-unit property positioned in Seattle’s Capitol Hill/Eastlake neighborhood. Built in 1964, the 5,800 SF asset offers an attractive scale for investors seeking a well-located investment opportunity with durable rental demand. The property features LVP flooring throughout, ten on-site parking spaces, common-area laundry, and separate storage lockers for each residence. The roof was installed in 2016, helping reduce near-term capital expenditure requirements. Unit 5 includes an added rear deck with a glass sliding door, providing an enhanced outdoor living amenity. Located near the intersection of Capitol Hill and Eastlake, residents benefit from convenient access to Seattle’s premier dining, nightlife, retail, parks, cultural amenities, and employment centers. The property is a 10-minute walk from the light rail Capitol Hill Station. With its strong in-city location, parking availability, dedicated storage, and value-add potential through future unit upgrades, Capitol Hill 7 presents an appealing opportunity for investors seeking exposure to one of Seattle’s most established rental submarkets.

426 11th Avenue E, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$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.

$2,100,000
2582746 MLS ⋅ ACTIVE Status
Rare opportunity to own a well-maintained six-unit apartment building in the heart of Capitol Hill, one of Seattle's most sought-after rental neighborhoods. With a Walk Score of 91 (Walker's Paradise), residents are steps from Broadway, 15th Ave E, Cal Anderson Park, the light rail station, and some of the city's best dining and nightlife. The building offers a versatile unit mix: 1 studio, 2 one-bedrooms, and 3 two-bedrooms. Five of the six units feature private balconies or patios, and Unit #6 boasts a Space Needle view. Unit #2 and #6 have been completely renovated, showcasing the finish level achievable across the remaining units as they turn. Designed for low-maintenance ownership, the building features exterior unit access with minimal common area to maintain, durable Marblecrete siding, and updated double-pane windows throughout. 5 on-site parking spaces are a premium amenity in this dense urban neighborhood. Long-term tenants provide stable income. Parking and utilities are presently included in rent, giving the next owner a clear path to increase revenue through separate parking fees and utility billing, in addition to rent increases. A solid, easy-to-operate asset in an A+ location with multiple value-add levers. Ideal for an investor seeking durable cash flow with meaningful upside.

315 13th Avenue E, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$1,900,000
2580702 MLS ⋅ ACTIVE Status
Wallingford 7, is a charming Mid-Century Modern apartment building built in 1960 and perfectly situated on the border of Wallingford and Fremont. Units feature large open floor plans with abundant natural light flowing into the units. The spacious and comfortable living areas with a separate dining area is perfect for entertaining providing a ‘home environment’ vs an apartment experience. Currently, 6 of the 7 units are being operated as fully furnished short-term rentals. This presents several investment opportunities to a new owner. A new owner can continue to operate the Wallingford 7 as short term housing or transition the units to leased apartments. Currently as the short-term rental units are vacating, the owner is leaving the units vacant further supporting either investment option.

4301 Whitman Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$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.

$1,299,900
2580823 MLS ⋅ ACTIVE Status
RARE OPPORTUNITY TO ACQUIRE A SIX-UNIT APARTMENT BUILDING IN DOWNTOWN CARNATION. SELLER FINANCING OFFERED. Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential (buyer to verify), adding long-term value beyond the existing improvements. Unit mix consists of (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility for future improvements and repositioning. CURRENT RENTS ARE WELL BELOW PROJECTED MARKET RENTS FOLLOWING RENOVATIONS, creating significant value-add potential. Additional income is generated through on-site common laundry, and tenants reimburse the owner for utilities, helping offset operating expenses. Additional features include ample parking, a roof with substantial remaining useful life, and recently replaced upper decks. Ideally located in downtown Carnation, minutes from Snoqualmie with convenient access to SR 520, Redmond, Bellevue, and Microsoft. A COMPELLING VALUE-ADD MULTIFAMILY OPPORTUNITY WITH FLEXIBLE SELLER FINANCING, STRONG RENTAL UPSIDE, AND LONG-TERM REDEVELOPMENT POTENTIAL IN ONE OF KING COUNTY’S MOST SUPPLY-CONSTRAINED RENTAL MARKETS.

31624 W Rutherford Street, Carnation

Listing courtesy of Real Broker LLC.

$699,000
2580303 MLS ⋅ ACTIVE Status
A rare Tacoma redevelopment opportunity with enormous potential. This historic property offers an expansive nearly 3/4 acre lot with a 37 unit configuration, creating an exceptional canvas for an investor, developer, or visionary buyer. Currently vacant and in need of a complete renovation, this property is ready for someone to bring imagination, creativity and strategic vision to its next chapter. Listed on the Historic Register, the property offers distinctive character and architectural significance alongside incredible development potential. A conditional use permit will be required. Conveniently located near the Tacoma Mall, major freeways, restaurants, shopping, and everyday amenities, the location offers both accessibility and strong surrounding infrastructure. The combination of scale, location, historic character makes this a truly uncommon opportunity.

5210 S State Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$2,210,720
2580220 MLS ⋅ ACTIVE Status
Bon a’Ville Apartments is offering Seller Financing on this eight-unit multifamily property located at 11249 Greenwood Avenue North in Seattle’s Broadview neighborhood. Built in 1975, the three-story, wood-frame building is situated on an approximately 6,700-square-foot LR3-zoned site along Greenwood Avenue North. The property features a desirable unit mix consisting of six two-bedroom/one-bath units and two one-bedroom/one-bath units. The two-bedroom units are approximately 950 square feet, with the one-bedroom units containing approximately 650 square feet. Units feature functional floor plans, updated appliances in select units, double-pane windows, and a combination of carpet, laminate, and vinyl flooring. Several units also offer western territorial and partial Puget Sound views. Property amenities include off-street parking for each unit, secured entry with an intercom system, and on-site laundry facilities. The two top-floor units have in unit washer and dryer. The property is located along Greenwood Avenue North in Seattle’s established Broadview neighborhood, a desirable North Seattle residential area offering convenient access to neighborhood amenities, employment centers, and regional transportation. Greenwood Avenue provides a direct connection to the shops, restaurants, cafés, and services found throughout Greenwood and surrounding North Seattle neighborhoods.

11249 Greenwood Avenue N, Seattle

Listing courtesy of Capstone Commercial.

$1,250,000
2574077 MLS ⋅ PENDING INSPECTION Status
Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.

408 2nd Street NW, Puyallup

Listing courtesy of Windermere Real Estate/PSK Inc.

$2,065,000
2569977 MLS ⋅ ACTIVE Status
The Caldwell presents investors with a compelling opportunity to acquire a turn-key multifamily investment in one of Seattle’s premier urban submarkets, offering an attractive 5.0% in-place cap rate. Ideally positioned at the edge of Capitol Hill, the property is less than a block from Madison Street, a major arterial providing direct access to Downtown Seattle and the surrounding employment centers. The property features a highly functional mix of 1- and 2-bedroom floor plans, including three townhouse-style units, appealing to renters seeking additional space and flexibility for today’s work-from-home lifestyle. Its prime location places residents within close proximity to the vibrant amenities of Capitol Hill while providing convenient access to major employers, healthcare institutions, and educational centers throughout the region. Continued growth in South Lake Union, driven by major technology employers including Amazon, Google, and Meta, combined with the established presence of Swedish Medical Center, Seattle University, and other major institutions, supports strong and sustained rental demand. With its desirable location, versatile unit mix, and established income stream, the Caldwell offers investors an attractive combination of current cash flow, tenant demand, and long-term appreciation potential.

2312 E Denny Way, Seattle

Listing courtesy of Skyline Properties, Inc..

$2,925,000
2578716 MLS ⋅ ACTIVE Status
Rare opportunity to acquire a 7-unit apartment building featuring exceptionally large, condo-sized residences in Seattle’s desirable Magnolia neighborhood. Each unit offers approximately 1,300 SF with 2 bedrooms and 1.75 bathrooms, providing floor plans and living space rarely found in comparable rental properties. Originally constructed as part of the Eldorado Block condominium development, the units feature wood-burning stone fireplaces, in-unit washers and dryers, spacious primary suites with walk-in closets, exterior-vented range hoods and generous storage. The building has benefited from numerous improvements over the years, including updates to plumbing, electrical, roofing, siding, decks and windows. A unique opportunity to acquire an apartment asset with true condo-sized units and amenities that differentiate it from the surrounding rental market.

3600 25th Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,000,000
2577739 MLS ⋅ ACTIVE Status
Prime investment opportunity in the heart of Fremont! Linden features an attractive 8-unit mix (two 1 bed/1 bath and six 2 bed/1 bath units) averaging 644 sq ft. Exceptional upside potential with current rents ~10% below market rate and utility reimbursements sitting at ~37% with room to expand to 86%. Additional revenue avenues include introducing parking fees and pet rent.Six units are already renovated with low-maintenance LVP flooring, updated kitchen cabinets, new countertops, upgraded fixtures, and modern bathrooms. Over $200k in recent capital improvements completed, including a new roof, upgraded electrical panels, and fresh exterior paint—leaving just two units to finish for full value-add execution.Unbeatable location on Linden Ave, 1 block off Fremont Ave’s top dining and nightlife, the Burke-Gilman Trail, and Gas Works Park. Walk Score 82 | Bike Score 80. Easy access to Aurora Ave & downtown Seattle. Outstanding cash flow potential in a high-demand submarket!

4400 Linden Ave N, Seattle

Listing courtesy of Real Broker LLC.

$1,650,000
2576773 MLS ⋅ ACTIVE Status
Exceptional investment opportunity on the western slope of Queen Anne. This well-maintained mid-century five-plex offers strong income, consistently low vacancy, and compelling long-term potential. The building and all five units are in great condition and each unit has its own dedicated storage unit in the basement. An attractive cap rate provides solid returns today with potential to further maximize income over time. The location provides quick access to Interbay, Ballard, Fremont, Magnolia, Downtown Seattle, and Highway 99, making it highly desirable for tenants seeking convenience and connectivity. Residents also enjoy easy access to Queen Anne's vibrant restaurants, cafés, shopping, parks, and major employment centers. A dependable, income-producing asset in one of Seattle's premier neighborhoods, with the potential to benefit from continued appreciation and future value-add. Pre-listing inspection report available upon request.

2822 14th Avenue W, Seattle

Listing courtesy of Coldwell Banker Danforth.

$1,400,000
2576739 MLS ⋅ PENDING Status
Rare opportunity to acquire two side-by-side triplexes in Seattle's Delridge/Westwood neighborhood, offered together as a 6-unit, 6,400 SF portfolio. Built in 2000, all six units are spacious 2 Bed/1.5 Bath townhome-style residences (approx. 1,067 SF each) with individual electric baseboard heat and in-unit fireplaces. Current rents sit well below market, creating compelling upside: current cap rate of approximately 4.7%, growing to approximately 7% at market rents (avg. $2,095/unit). Off-street parking, low-maintenance landscaping, and steps to the RapidRide H Line. Zoned LR2 (M) on a combined 9,000 SF lot. Opportunity for 20%-25% down payment as residential financing.

8832 Delridge Way SW Unit #A-E, Seattle

Listing courtesy of Medawar Real Estate.

$1,600,000
2576278 MLS ⋅ ACTIVE Status
Rare value-add opportunity in the heart of West Seattle's Admiral District. This 8-unit multifamily property sits on a 6,750 SF LR3 RC (M) zoned lot in a designated Urban Village — with permits already in hand to expand to 10 units. Renovate the existing 1969-built structure and capture immediate rent upside, or leverage approved plans to rebuild and maximize density. Solid poured-concrete foundation, on-site parking for 8 vehicles, and Puget Sound views from upper units add lasting value regardless of path chosen. With Seattle's One Seattle Comprehensive Plan and pending Centers and Corridors legislation positioning Admiral District for continued growth, this is a rare entry point for investors seeking income today and upside tomorrow. Offered at $1,600,000. *Some pics prior to current remodel*

5916 California Avenue SW, Seattle

Listing courtesy of KW Everett.

$1,550,000
2574456 MLS ⋅ ACTIVE Status
Prime Leschi Apartment Building. Eight 2 Bedroom 1 Bathroom units on 12000(+-) Square Foot lot Zoned LR2(M) In Highly Desirable Leschi Location with New Construction all around. Two Parcels totaling 12,000 SF(+-) on separate adjoining 6000 SF Lots, each with 4 units and garages. Units need some updating. Good Building, Excellent Development site. Laundry on premises. Finanancial data provided on a Pro Forma Basis

812 29th Avenue S, Seattle

Listing courtesy of Windermere Real Estate Co..

$2,250,000
2569921 MLS ⋅ ACTIVE Status
Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. This well-maintained 6-unit property features a rare and highly rentable unit mix consisting of four 2-bedroom units and two spacious 4-bedroom, 2-bath penthouse units offering views of Downtown Seattle and Lake Union, supported by consistently strong tenant demand. The property offers five secure, covered parking spaces, a newer roof, double-pane vinyl windows, durable Hardie Plank siding, and convenient on-site laundry. Unit #2 was recently remodeled with new flooring, quartz countertops, updated millwork, and additional interior improvements. Current rents remain below prevailing market levels, creating a clear opportunity for the next investor to increase income over time. Ideally located with convenient access to the University of Washington, South Lake Union, Downtown Seattle, and surrounding employment centers by transit, bike, or car. A well-maintained, income-producing asset in one of Seattle’s most desirable rental markets, offering a 2026 cap rate of approximately 5.0%.

3660 Whitman Avenue N, Seattle

Listing courtesy of Lotside.

$2,665,000
2574032 MLS ⋅ SOLD Status

1214 N 137th Street, Seattle

Listing courtesy of . Selling Office: Skyline Properties, Inc..

$2,700,000
2573588 MLS ⋅ ACTIVE Status
The Encore Apartments offers a new investor a great value add opportunity in a landlord friendly city. A new investor over time can also renovate units upon turnover and modernize each unit with stainless steel appliances, granite/quartz counters, new cabinets etc. In current condition, a new investor can raise rents and get this building to a 7.18% CAP Rate. Excellent value-add opportunity. All 12 units are Two-Bed/One-Bath units averaging about 700 square feet each. Ample open parking available on site that has been re-paved and re-striped. Building has updated electrical panels and a newer TPO roof. Coin-operated common laundry available. Conveniently located in Shoreline, property has easy access to Rapid Ride Transit, Highway 99, Interstate-5, and the 185th Street Light Rail Station.

936 N 198th Street, Shoreline

Listing courtesy of Westlake Associates, Inc..

$3,500,000
2571362 MLS ⋅ ACTIVE Status
Conveniently located just North of Seattle City limits, the Highland Terrace Apartments offers a new investor a great value add opportunity with the flexibility of raising below market rents without the hassles and constraints of Seattle Landlord/Tenant laws. The value add here is to renovate all units with modern finishes, raise rents to market and implement a RUBS program to start billing back tenants for utilities. Ample carport and open parking. Updated electrical panels and newer TPO Roof. Potential to add in-unit washer and dryers. Upper units feature private decks. Individual hot water tanks for each unit. New secured tenant mailbox unit. Larger owner storage closet onsite.

14520 Phinney Avenue N, Shoreline

Listing courtesy of Westlake Associates, Inc..

$2,588,000
2570088 MLS ⋅ ACTIVE Status
This well-maintained five-unit apartment building presents a rare investment opportunity in Kirkland, where limited housing supply and strong rental demand support long-term value growth. Built in 1962 on a 10,000-square-foot PLA 6E-zoned lot, the property includes four renovated two-bedroom, one-bathroom units (850 SF each) and one fully renovated 450 SF studio. Over the past decade, units have been upgraded with LVP flooring, modern cabinetry, updated countertops, and renovated bathrooms, helping sustain strong tenant demand. The four two-bedroom units feature private balconies and in-unit washers and dryers, while the studio has a dedicated washer and dryer nearby. Each unit also includes a storage locker, currently provided at no charge, creating potential for additional income. Four covered parking spaces are likewise offered free to tenants, presenting further revenue upside. The property currently generates $11,875 per month in gross rental income and offers strong in-place cash flow with long-term stability. Located in Kirkland’s desirable Moss Bay neighborhood, it is within walking distance of Google’s Kirkland campuses, downtown Kirkland, Marina Park, restaurants, and shops. Nearby access to the Cross Kirkland Corridor and I-405 enhances connectivity to Bellevue and Seattle, supporting continued tenant demand and future rental growth.

324 6th Avenue S, Kirkland

Listing courtesy of Paragon Real Estate Advisors.

$1,100,000
2568515 MLS ⋅ ACTIVE Status
SELLER FINANCING NOW OFFERED WITH A 4.5% INTEREST RATE, 40% DOWN PAYMENT, INTEREST-ONLY PAYMENTS, & 5-YEAR BALLOON | The Prime Stadium District 7-Unit is a turnkey apartment investment in one of Tacoma's most sought-after neighborhoods. The three-story building consists of five one-bedroom units averaging approximately 606 square feet and two studios averaging approximately 520 square feet, a unit mix that has proven easy to keep full in this submarket. The renovation work is already done. Current ownership has updated every unit with a mix of refinished hardwood floors, granite countertops, new kitchen cabinetry, stainless steel appliances, tiled backsplashes, new bathroom tub surrounds, vanities, toilets, and LED lighting. Ownership also installed a brand-new composition roof last year, taking the largest near-term capital expense off the table for a new owner. Units 1 and 6 have in-unit washers and dryers, and the remaining units share a common laundry room in the basement. The property sits on a corner lot within walking distance of the restaurants, retail, and amenities that define the Stadium District, with convenient access to Tacoma's major employment centers. That location, in a safe and affluent neighborhood, is why operations have been exceptionally stable with near-zero economic vacancy throughout current ownership.

222 N I Street, Tacoma

Listing courtesy of Blake Investment Advisors.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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