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$4,550,000
2354781 MLS ⋅ SOLD Status
The property features 22 nearly identical 2 bed/1.5 bath townhouse style units with full appliance packages that include a full size washer and dryer, dishwasher, and refrigerator. There are 5 buildings on one parcel and all 5 of the roofs were replaced in February of 2025. There are 44 parking spots in total with 37 carport spaces. The property presents immediate operational upside due to expense load of nearly 50% of EGI. Four of the units have been renovated with LVP floor, quartz countertops, kitchen cabinets, and bathroom vanities leaving a renovation value-add opportunity with the remaining 18 units.

20603 -20611 108th Avenue SE, Kent

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.

$3,200,000
2354839 MLS ⋅ SOLD Status
Built in 1991 by the current owner, this property is conveniently located in Seattle's desirable upper Fremont neighborhood, 4217 Greenwood Ave N is just 4 blocks north of the entertainment, shopping & culinary options along Fremont's commercial corridor. The property is comprised of 8 homes averaging roughly 880 SF, each boasting 2 beds & 2 baths and 1 of which is a 1,199-SF penthouse with a large living room, walk in closets and an expansive deck, originally occupied by the current owner/original builder. Current rents are below market and provide significant upside for the next owner without the necessity of renovation. The 1991 building features modern systems, sprinklers, secured entry, 11 secured parking spaces.

4217 Greenwood Avenue N, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Medawar Real Estate.

$2,300,000
2348766 MLS ⋅ SOLD Status
West 9 is a fully renovated and turnkey 9 Unit apt building, well located at the gateway to West Seattle. This vibrant area offers excellent access to all the distinctive and exciting features of West Seattle, while remaining just a short distance from Downtown Seattle and other city attractions. All 1/1 units with W/D and a private patio or balcony. Unit updates include new flooring, cabinets, quartz counters, stainless steel appliances and fixtures. Exterior updates include new exterior paint, windows/sliders, frosted balcony panels, landscaping, signage, secure cluster mailbox. Excellent opportunity to purchase a fully stabilized asset with income upside and future redevelopment potential in a highly sought-after Seattle neighborhood.

3046 SW Avalon Way, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Homes & Equity Real Estate Grp.

$5,150,000
2348870 MLS ⋅ SOLD Status
The Regan Lee’s 24 spacious studio and one-bedroom units showcase original hardwood floors, mahogany doors, rich wood trim, arched entryways, and abundant natural light, preserving the elegance of a bygone era. The property also features eight garage stalls along the alley, providing both parking convenience and additional income. With current rents well below market, The Regan Lee offers a compelling opportunity to increase NOI through strategic renovations and rent optimization. Additionally, investors may explore redevelopment potential of the existing garage space to add units and further maximize value (buyer to verify).

603 3rd Avenue W, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..

$1,985,000
2343981 MLS ⋅ SOLD Status
Updated Rents & Cap Rate!! Turnkey 6-Unit Investment in Prime Ballard Location! This well-maintained multifamily property offers strong rental upside and the potential to add an additional unit for even more value. This low-maintenance gem is perfect for investors seeking long-term growth. New water heaters, fresh exterior paint & lighting; all units have new flooring, paint & updates throughout. Large floor plans w/room to add additional 3rd bedroom. Shared laundry, storage lockers, 4 carport parking + 6 dedicated reserved spots, fenced & private patio. 98% Walking score! Don’t miss this rare opportunity to own in one of Seattle’s most sought-after neighborhoods! Offering Memorandum available.

2216 NW 59th Street, Seattle

Listing courtesy of FIRST AND MAIN. Selling Office: Coldwell Banker Bain.

$900,000
2343990 MLS ⋅ SOLD Status
Charbern Inn is a well-maintained 10-unit rooming house with historic charm and rental upside. It also offers covered land play potential on a 5,000 SF lot, adding to its long-term investment appeal. Meticulously preserved, the property retains its classic character. With strategic management, it can be stabilized at an 8% cap rate, making it a rare opportunity to invest in both charm and strong financial returns.

1713 Belmont Avenue, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

$7,275,000
2342171 MLS ⋅ SOLD Status
Discover a high-value investment in Tacoma’s thriving Lakewood submarket. Arrowhead Park is a fully occupied, 42-unit complex featuring spacious one-, two-, and three-bedroom layouts. With easy access to major retail hubs, outdoor recreation, and top employers—including JBLM and the expanding South Sound healthcare sector—this property benefits from strong tenant demand and stable occupancy. Offering a solid 6.59% cap rate, Arrowhead Park presents a lucrative value-add opportunity with planned renovations poised to drive rental growth. Take advantage of Lakewood’s affordability and economic momentum—an ideal investment in a rising market.

10724 SW 109th Street, Tacoma

Listing courtesy of COMPASS. Selling Office: COMPASS.

$2,750,000
2341860 MLS ⋅ PENDING Status
Discover a prime investment in Roy with this versatile 24,568 SF campus currently functioning as a transitional housing facility. Generating a remarkable $228,268 NOI at current occupancy, this property delivers strong returns & holds substantial upside for increased profitability at full capacity. With opportunities for expansion or repurposing, the property is positioned for future growth. Unoccupied wings offer addl income streams, presenting a compelling opportunity for future development. Whether you decide to continue its current use or capitalize on new opportunities, this property provides outstanding return potential & a strong foundation for long-term growth. Rarely does a property with this scale & flexibility become available!

9414 357th Street S, Roy

Listing courtesy of COMPASS.

$938,000
2335804 MLS ⋅ SOLD Status
Undeniably one of the best investments out there, this Mixed use two story building is perfect for owner occupant, investor or non profit. Shy 8000 sq feet of space on two levels, 5 apartment units upstairs and mainfloor has 90% office and one additional apartment is on main floor for ADA or special needs. included in building sale are (2) 1-car garage spaces off the alleyway and a lease with T-Mobile for a cell tower as well. Multiple streams of income and opportunities with this one. Partially upgraded in the office area, and updated apartments throughout the years this building is virtually turn key and ready to occupy.

5435 S M Street, Tacoma

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Commencement Bay Brokers LLC.

$2,700,000
2339312 MLS ⋅ SOLD Status
Turnkey 12-Unit Investment Property in the Heart of Ballard. The Artemis Apartments is a 12-unit turnkey multifamily property situated in Seattle’s highly sought-after Ballard neighborhood. The property includes a fully renovated 4-unit building and a newly constructed 8-unit building, both featuring premium upgrades such as new electrical and plumbing systems, in-unit washers/dryers, and high-end finishes. With strong rental upside potential and proximity to Ballard’s vibrant dining, entertainment, and cultural amenities, Artemis offers a stable, low-maintenance investment ideal for long-term growth.

1436 NW 60th Street, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

$1,650,000
2338205 MLS ⋅ SOLD Status
A venerable 6-Plex on sleepy Seattle side street. Same Owner 47 yrs, offering Terms 5.20% Int Only 5 yrs w/ no pre pay penalty. South side: 101/ 201/ 301. North side: 102/ 202/ 302. 1-BR's & 1-BR + Den's, mostly 700-830 sqft. Apt's 301 & 302 can create 2nd bedrooms? All spacious living w/ high ceilings, heavy wood trim, built-ins & bay windows & some local views. All six apts fun quirks & spaces, kit's w/ eating spaces & 2nd west exit doors, like a house. Open common space landings w/ interconnected stairwells all three levels. 2010 Buderus Brand Boiler for rad heat & central water; polyurethane roof. 2024 $66,000 replace section sewer & water supply; ext paint & custom stone; 7 new elec panels. Rare legal Apt Bldg by fine Fremont homes.

4121 Dayton Avenue N, Seattle

Listing courtesy of Windermere Real Estate Co.. Selling Office: Windermere Real Estate Midtown.

$1,500,000
2335245 MLS ⋅ SOLD Status
Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.

14402 Washington Avenue SW, Lakewood

Listing courtesy of COMPASS. Selling Office: ZNonMember-Office-MLS.

$4,900,000
2335192 MLS ⋅ ACTIVE Status
Invest in a piece of Seattle’s storied past with this turnkey mixed-use property in Pioneer Square. Built in 1900, this well maintained 4 story building blends historic character with modernity, for dependable returns and future growth. Residential units offer 13 tastefully designed units, including 4 upscale penthouses with rooftop decks, 4 spacious lofts, 4 micro lofts, and 1 large studio. Units feature open layouts, contemporary finishes, and rich hardwood flooring, with on-site laundry and an elevator. On the ground level, two retail spaces are fully leased, ensuring steady cash flow. Set on bustling 1st St with street parking and a Walk Score of 96, this asset stands as a dynamic investment opportunity in the heart of Pioneer Square.

213 1st Avenue S, Seattle

Listing courtesy of COMPASS.

$1,500,000
2334287 MLS ⋅ SOLD Status
Fully renovated in 2022, this property is a prime investment opportunity. The Boulevard Park 6 boasts a mix of five thoughtfully crafted units, including one non-conforming unit that has passed all inspections (awaiting county approval). With a combination of 1-bedroom and 2-bedroom units, this property offers a versatile living arrangement for various tenants. Modern security features, including a new camera system and gated access, provide residents with both privacy and peace of mind. Each unit is equipped with top-of-the-line appliances, stylish interior finishes, and convenient in-unit washers and dryers, ensuring long-term desirability for renters.

10009 Des Moines Memorial Drive S, Seattle

Listing courtesy of Keller Williams Realty PS. Selling Office: Keller Williams Realty PS.

$1,975,000
2328258 MLS ⋅ SOLD Status
Offered for the first time in over 35 years, this 8-unit apartment building is located on a corner lot at the top of Queen Anne, just 3 blocks from the vibrant Queen Anne Avenue N. Originally built in 1929, the brick and wood structure features six 1-bedroom units and two studio apartments, along with six 1-car garages. With easy access to downtown Seattle via public transit and a wide range of restaurants and shops just steps away, this property offers both convenience and potential. Tudor Court presents a fantastic opportunity for investors to add a marquee asset to their portfolio.

1719 2nd Avenue N, Seattle

Listing courtesy of Windermere Real Estate/M2, LLC. Selling Office: Windermere R.E. Shoreline.

$1,525,000
2333604 MLS ⋅ SOLD Status
Beacon Hill 7-Unit, a fully renovated, turnkey multifamily property completed in 2024. Located at the norther edge of Beacon Hill, this high-quality asset offers a well-balanced mix of modern residences; One ADA-compliant 3-bedroom, 1-bath unit with a private secure garage; Two well-appointed 1-bedroom, 1-bath units; Four contemporary Loft SEDU units. Each residence is meticulously designed with luxury finishes, including LVP flooring, quartz countertops, stainless steel appliances, and premium kitchen and bathroom fixtures. Residents enjoy in-unit air conditioning, washers and dryers, and expansive windows that maximize natural light, creating an inviting and comfortable living space.

1512 12th Avenue S, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.

$1,540,000
2333035 MLS ⋅ SOLD Status
This well-maintained 5-unit building is located in the heart of the University District on a 5,021 sq ft lot zoned LR3. The property includes one 2-bed/1-bath unit and four 1-bed/1-bath units. It is conveniently situated within walking distance of the University of Washington Campus, Greenlake, Ravenna Park, and University Village Shopping Center. The building has seen numerous updates, including new siding, a roof, double-pane vinyl windows, and copper plumbing in 2006, as well as a new sewer line in 2022. The interiors of units 1, 3, and 5 were remodeled in 2021. Additional features include a common laundry room and a recreational lawn area.

4761 22nd Avenue NE, Seattle

Listing courtesy of 360 Pacific. Selling Office: Keller Williams Rlty Bellevue.

$1,285,000
2324610 MLS ⋅ ACTIVE Status
Great 2 story 10-plex in Tacoma with 9, 1 BD/ 1 BA units and one large studio. 100% occupied with long-term tenants at below-market rents. Centrally located and walking distance to shops and grocery stories. Exterior security lighting, 5 parking spots rented for extra income, and coin-op washer and dryer in dedicated laundry room. One of the best priced buildings in Tacoma!

5601 S Thompson Avenue, Tacoma

Listing courtesy of KW Greater Seattle.

$1,750,000
2330390 MLS ⋅ SOLD Status
The Jenott Apartments is an 8-Unit in Northeast Capitol Hill. 1909 Charmer with wood frame construction. All units are one-bedroom, one-bath, corner units with consistent high occupancy. Decks and private backyard for tenants to enjoy. Updated breaker panels, gas heat, and gas ranges. Large basement with individual storage lockers and coin-op laundry. Prime location near high-end residential neighborhood, walk to popular Monsoon Restaurant, Hello Robin Cookies, Macrina Bakery and Volunteer Park.

1911 E Roy Street, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.

$2,700,000
2329901 MLS ⋅ SOLD Status
We are pleased to present the Lakehouse Apartments in Seattle, a waterfront, multi-family property with available boat moorage. Built in 1924, the property has been well maintained and recently underwent renovations to the unit interiors and much of the exterior. Lakehouse Apartments features 7 units including 3 studio, 1 one-bedroom, and 3 two-bedroom units averaging 670 SF. Additional income is generated by the available boat moorage, with capability to accommodate four boats up to 60'. Nearby access to I-5 allows residents to quickly navigate the greater Seattle area.

3314 Fuhrman E, Seattle

Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Windermere Real Estate/East.

$2,900,000
2329269 MLS ⋅ SOLD Status
Located in Queen Anne, Dravus Court 2 blocks from SPU, walking distance from Fremont's core & boasts an easy commute to SLU & Downtown with their employment/entertainment offerings. Comprised of 16 fully furnished 1-bed apartments in 2 adjacent buildings, Dravus Court is currently operated as a short-term stay property primarily focused on renting to traveling nurses & corporate transferees. Units can be rented for as short a term as 1 month with flexible lease end dates. The turnkey asset offers a new owner the opportunity to continue & improve upon this profitable operation strategy, or to transition the property to traditionally leased apartments. Desirable features include 11 parking spaces, on-site laundry, & a common BBQ courtyard.

7 & 15 Dravus Street Unit #1-16, Seattle

Listing courtesy of Kidder Mathews. Selling Office: COMPASS.

$1,900,000
2327843 MLS ⋅ SOLD Status
Upgraded a few years ago, the Meadow Park Court apartments are a 12-unit offering sitting on Lakewood Dr and across from the Meadow Park Golf Course. Resting on an approximate acre of centrally located real estate, Meadow Park Court is comprised of efficiently laid out 1-bedroom 1-bath units, holding modernized interior finishes. Inside you’ll find hard surface countertops, stainless steel appliance package, newer cabinets, newer LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded plumbing, electrical, roof, siding, and landscaping. Buyer to verify all information, including school district. 11 units are below market rent. All month to month tenants. Truly a gem!

6807 6809 Lakewood DR SW, University Place

Listing courtesy of Better Properties Real Estate. Selling Office: Skyline Properties, Inc..

$935,000
2326712 MLS ⋅ SOLD Status
A historic and beautiful old Victorian style home built in 1905 and converted to apartments in 1928, Sheridan is a well maintained and well located 6-plex in North Tacoma. Having undergone many extensive property updates in 2000 that include plumbing, electrical and heating – The Sheridan is ripe for cosmetic upgrades. With rents well below market, new ownership has the opportunity to push forward on modern improvements and substantially increase rental income. Class A location in North Tacoma, the Sheridan is walking distance from major employers and amenities.

410 S Sheridan Avenue, Tacoma

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

$1,364,500
2323901 MLS ⋅ SOLD Status
Queen Anne 5 unit on a corner lot in prime location with great upside potential! The main 2 bdrm, 1.75 Bath unit was remodeled in 2019 & takes up the entire 1st floor. It's open and airy, has it's own laundry, attached sunroom and pvt fenced yard w/patio. A great owners unit? Two, 2 bed 1 bath units take up the 2nd floor & 2 studio apts are on the lower level. These 4 units share a bsmnt laundry room. New roof in 2024, some plumbing and wiring updates & new sewer back flow valve & liner updates. Just a 1 block walk to highly desirable Queen Anne shops and restaurants! This is a great investment opportunity with current rents below market value and within the newly proposed neighborhood center residential zoning for future development.

2455 Queen Anne Avenue N, Seattle

Listing courtesy of Windermere RE Magnolia. Selling Office: Windermere Real Estate/East.

$1,775,000
2321667 MLS ⋅ ACTIVE Status
Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.

5404 S M Street, Tacoma

Listing courtesy of KW Greater Seattle.

$3,800,000
2322988 MLS ⋅ SOLD Status
The Timbers West is a 22-unit garden-style multifamily community located in Olympia, Washington. The property consists of 4 separate buildings all built in 1972. The unit mix is (4) 1 bed/1 bath, (4) 1 bed/1 bath townhome style, (13) 2 bed/1 bath, and (1) 2 bed/1.5 bath townhome style unit. The interiors and exterior have been diligently maintained by the current ownership. The apartments are spacious in size, including large private decks, dishwashers, and some cathedral ceilings or 2-story layouts. The community provides private parking with 16 covered stalls. Timbers West is located on a quiet, park like setting in a premier Olympia location. Situated on a green belt that directly faces Capitol Lake with immediate access to Interstate 5.

1714 Evergreen Park Court SW, Olympia

Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.

$3,820,000
2322516 MLS ⋅ SOLD Status
On the market for the first time in 25 years, Trailwood Apartments in conveniently located in Seattle's desirable Ravenna neighborhood steps to the University of Washington and University Village. Constructed in 1987, Trailwood Apartments in comprised of 17 on-bedroom/one-bathroom homes, each boasting a spacious floor plan, a deck or patio, a dishwasher and garbage disposal, multiple closets, and sufficient space for new ownership to install in-unit laundry (buyer to verify). Residents benefit from a total of 18 off-street parking spaces, of which 8 covered, an on-site laundry facility, storage lockers, and large tenant and/or owner storage with bathroom. The property features stucco siding and a pitched composition roof.

2251 NE Blakeley Street, Seattle

Listing courtesy of Kidder Mathews. Selling Office: ZNonMember-Office-MLS.

$1,660,000
2321234 MLS ⋅ SOLD Status
Perfect opportunity for a first time investment purchase, this well maintained building offers 4 - 1 bed, 1 bath units & 2 - 2 bed, 2 bath units tucked away in the north end of Magnolia. Seattle’s multifamily market remains one of the strongest in the nation, driven by a booming job market and an influx of new residents. The Magnolia neighborhood stands out for their desirability among high- income renters, offering a blend of tranquility and proximity to the city’s core These neighborhoods are well- connected, with easy access to major highways, public transportation, and Seattle’s extensive network of bike lanes and strolling paths. Met market & Discovery Park are at your doorstep!

4318 35th Avenue W, Seattle

Listing courtesy of COMPASS. Selling Office: Keller Williams Downtown Sea.

$1,806,000
2320835 MLS ⋅ SOLD Status
Incredibly well-maintained 5-unit in the heart of Fremont with historically low vacancy rate and rental upside! Four large 2 bd/1.5 bth units and one 1 bd/1 bth unit averaging over 1,030 SF. All units feature in-unit W/D, dishwasher, dining area off kitchen, deck or patio, and off-street parking. The light filled units also have large rooms, tons of storage, and double pane windows. 3 of the 5 units have updated kitchens/bathrooms. Phenomenal location, on a bus line, and just blocks to Burke-Gilman Trail and the Center of the Universe! Excellent investment as-is -- plus the opportunity for an owner-user to occupy one unit while collecting income from the other four units. Please do not disturb tenants. Rents and expenses shown are actual.

461 N 39th Street, Seattle

Listing courtesy of Windermere Real Estate Midtown. Selling Office: KW Mountains to Sound Realty.

$1,975,000
2320258 MLS ⋅ SOLD Status
The Lago Apartments is a prime investment opportunity in Seattle's sought-after Leschi neighborhood. Built in 1963, this well-maintained property features six updated two-bedroom units, some with Lake Washington views, and significant exterior improvements, including refreshed landscaping, updated paint, and a new roof coating. With scheduled rent increases in 2025 and potential for further interior enhancements, Lago Apartments offers investors a value-add opportunity to align rents with market rates. 6.47% cap rate on August 1st, with scheduled rent increases already in place. Located near Leschi Park and just 10 minutes from downtown Seattle, this property combines serene neighborhood charm with urban convenience.

3000 E Spruce Street, Seattle

Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Cascade Properties & Invest..

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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