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$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..

$1,400,000
2318458 MLS ⋅ SOLD Status
An irreplaceable piece of real estate in the heart of downtown Sumner. Simultaneous sale of a single story solid brick 4-plex & 2 story duplex ideal to all renters. These well-maintained adjacent buildings offer sharing access, a generous parking area, carports w/storage lockers plus more off street parking. Community laundry room serves all. 3 Units are 2 Bd/1Bath and 1 unit is 3 Bd/1.5 Bath. Slider to outside covered patio. Duplex has main floor 1 bed/1 bath + upstairs 3 bed/1.75 bath unit has own laundry & spacious deck with Mt. Rainier views! Large 2+car garage. Prime location close to shopping, dining, Sounder station & Loyalty Park. Zoning is High Density Residential (HDR) with a maximum density of 25 dwelling units per acre.

506 -508 Cherry Avenue, Sumner

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

$1,300,000
2316618 MLS ⋅ SOLD Status
Investors, take note! This rare opportunity in the heart of Lacey, WA, boasts three duplexes on a sprawling 2-acre lot—a prime location with endless potential. Each unit offers a spacious 2-bedroom, 1-bath, 957 sqft rambler-style layout with an attached 1-car garage, ensuring tenant comfort and convenience. With long-term tenants already in place and significant upside rent potential, this property is a solid investment. Zoned R 4-8, the lot offers exciting development possibilities for future growth. The large yard, private patios, and ample driveway parking add to the property's appeal. Don't miss your chance to own this versatile investment in a high-demand area! Estate Sale. F17 Exempt. Buyer To Verify All Information.

4015 16th Lane NE, Olympia

Listing courtesy of Keller Williams Realty. Selling Office: BHGRE - Northwest Home Team.

$1,212,500
2314518 MLS ⋅ SOLD Status
Cash flowing 6 plex with adjacent 1/2 acre parcel. 2 of the 6 units have been remodeled. Newer windows and fresh exterior paint. Each unit comes with their own storage unit. Two coin operated washers and two coin operated dryers to generate additional income. Professionally managed. 6 plex alone recently appraised for 1.38M apart from the vacant lot. Appraisal to be provided with mutual contract. Allow cash flow from 6plex to fund your debt service while you develop the Adjacent Parcel: 0320084103.

3402 S M Street, Tacoma

Listing courtesy of Real Broker LLC. Selling Office: American Dream Realty, LLC.

$1,300,000
2313945 MLS ⋅ SOLD Status
Greenwood Apartments was constructed in 1947 and is a beautiful, well maintained two-story building consisting of 6 apartment homes averaging 550 square feet and 1 three-bedroom/two-bathroom house with 2,136 square feet of living space. The property includes a common laundry room, and all of the exterior fascia and railings have new paint. The underlying lot is 7,200 square feet and zoned LR3 (M) with 3 carport stalls and 5 surface parking stalls on site.

11544 Greenwood Avenue N, Seattle

Listing courtesy of Pacific Crest. Selling Office: Real Property Associates.

$3,125,000
2310341 MLS ⋅ SOLD Status
Tucked away in a peaceful corner of South Hill, this 8-unit townhome community, built in 2017, offers the perfect blend of modern living and convenience. Situated near SR 512, SR 161, Costco, and South Hill Mall, it provides both privacy and easy access to key amenities. Each 4-bedroom unit features a bonus room, granite countertops, stainless steel appliances, a wood beam centerpiece, in-unit laundry, and spacious garages, complemented by a community playfield. With its prime location, modern design, and strong tenant appeal, this property offers exceptional value. Whether you're seeking strong rental income or a standout addition to your portfolio, this South Hill gem is a rare opportunity not to be missed.

13603 91st Ave Court E, Puyallup

Listing courtesy of Better Homes and Gardens RE PC. Selling Office: Windermere Bellevue Commons.

$1,325,000
2309970 MLS ⋅ SOLD Status
The Midvale Apartments offer an investor the opportunity to acquire a stable, well-maintained property with immediate income upside in a location that is convenient and ripe for growth. Built in 1996, the building features newer systems and large, moderns floorplans with complete appliance packages and in-unit washer/dryers. The building features (4) 2bd/1.5bth two-story “townhouse” units, (1) 2bd/1bth, and (1) 1bd/1bth unit. Additional amenities include secure, intercom access, private balconies/patios in all units and convenient off-street parking.

10335 Midvale Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Windermere Real Estate/M2, LLC.

$4,726,667
2309915 MLS ⋅ SOLD Status
21-Unit apartment community. The property is situated on a 1.07 acre lot sitting on two parcels, less than a mile away from Kent Station light rail stop. The apartments have front and back entrances that open up to grassy rear yards, along with off-street parking for residents. The unit interiors feature full size washer and dryer hookups, vaulted ceilings, and fireplaces in the end units. All units have been recently remodeled and buildings have new electrical panels.

631 639 3rd Avenue S, Kent

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

$1,275,000
2308626 MLS ⋅ SOLD Status
Great value-add apartment opportunity in one of Seattle's most desirable neighborhoods.

2003 Boylston Avenue E, Seattle

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

$1,525,000
2305391 MLS ⋅ SOLD Status
Stone Ridge 4 Unit Portfolio. First time on the market since its construction in 1999. Property consists of 5 units(4 units plus DADU). 4 units are spacious 2Bed/1.75BA and one renovated 1Bed/1Ba with a renovated CAP Rate of 7.71%. Property is a 15 min walk to the new North Shoreline Light Rail Station which will allow tenants a 25 min commute to downtown Seattle. Amenities include: in-unit W/D, gas fire places, spacious bedrooms, walk in primary closets, ample parking, beautifully landscaped yards, back patios and backyards for the first floor units, vaulted ceilings a decks for 2nd floor units, fire alarm systems and extra storage spaces, roof was replaces 8 years ago.

17730 12th Avenue NE, Shoreline

Listing courtesy of The Foundation Group LLC. Selling Office: ZL Realty, LLC.

$1,500,000
2301601 MLS ⋅ SOLD Status
Stately, classic 1928 six unit apartment building, with stunning original brickwork, terra cotta details and parapet wall, in prime location on Capitol Hill. Rarely vacant, each unit is a large one bedroom with hardwood floors, living/dining rooms, and other vintage features. Six car carport off driveway on the west side of the building, common secure entry, and all units above grade. Walk Score of 98, just two blocks to Broadway and three to Link Light Rail. 5,994' lot with Mid Rise zoning (MR-M1). Full basement with large storage area and common laundry. Views of Seattle from this prime time location.

315 12th Avenue E, Seattle

Listing courtesy of Real Property Associates. Selling Office: Skyline Properties, Inc..

$2,950,000
2304771 MLS ⋅ SOLD Status
We are pleased to present the Davis Apartments in the North Queen Anne neighborhood of Seattle. This ten-unit asset features a mix of two one-bedroom and eight two-bedroom apartments averaging 746 SF. Constructed in 1981, the building feature modern systems and a pitched roof. 100% vacant in anticipation of a sale. This presents an attractive opportunity to quickly renovated all the units to achieve top of market rents.

3019 3rd Avenue W, Seattle

Listing courtesy of Northmarq Commercial, LLC. Selling Office: Crosby & Co Real Estate.

$2,300,000
2302122 MLS ⋅ SOLD Status
The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.

4120 109th Street SW, Tacoma

Listing courtesy of Urban Commercial Partners, LLC. Selling Office: Urban Commercial Partners, LLC.

$1,750,000
2301668 MLS ⋅ SOLD Status
6-Unit Ballard Multifamily for sale. Two of Six units are completely renovated. Opportunity for value add and rental upside with renovation. Units are spacious, with a mix of one and two-bedrooms. Building features common laundry, storage, covered parking, private balconies, separate entrances, and copper plumbing. Excellent location in the heart of Ballard, close to bus routes, parks and restaurants.

1427 NW 64th Street, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: RSVP Real Estate Group.

$1,550,000
2301557 MLS ⋅ SOLD Status
Prime Investment Opportunity – 4513 Fremont Ave N. Fully-leased 5-unit property in the heart of Fremont, delivering immediate cash flow and long-term appreciation. Tenants enjoy walkable access to parks, cafes, retail, and transit, with downtown Seattle just minutes away. We're also just a few minutes from vibrant Woodland Park and the award-winning Woodland Park Zoo. Recent updates reduce maintenance, while the high-demand rental market ensures reliable income and future growth potential. Fremont attracts professionals and creatives, offering a strong tenant base. This turnkey property is perfect for investors seeking steady returns and upside potential. Don’t miss out—contact us today!

4513 Fremont Avenue N, Seattle

Listing courtesy of Quorum Real Estate Prop. Mgmt.. Selling Office: Pellego, Inc..

$2,349,000
2297074 MLS ⋅ SOLD Status
Located in the up-and-coming neighborhood of North Green Lake, this 7-unit apartment is on the market for the first time since the current owner had it built in 1991. This property offers investors the opportunity to own and manage an easily maintained and easy to rent building with immediate rental upside and value-add potential. Each unit is spacious and has their own washer/dryer. The basement also has a laundry area that all tenants have access to. Over the years the units have been updated with new carpets, paint and appliances when needed. Located 2 blocks from a major transit line, quick and easy access to I-5 and Hwy 99, and less than a 5-minute drive to Northgate Mall and the new Light Rail Station.

8820 Stone Avenue N, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: Al Mayes Properties Hawk LLC.

$3,009,000
2296075 MLS ⋅ SOLD Status
978 Sunset Park consists of six large 3 bed/2.5 bath units. Each unit boasts high end finishes consisting of hardwood floors, stainless steel appliances, W/D in unit and a two car garage. The property is currently 1 tax parcel with the opportunity to convert to condo's and sell off individually. 978 Sunset Park offers investors the opportunity to purchase a unique turn-key asset close to 405, The Landing, Renton Highlands and all Renton has to offer.

978 Edmonds Avenue NE, Renton

Listing courtesy of Keller Williams Eastside. Selling Office: Realty One Group Orca.

$1,865,000
2295711 MLS ⋅ SOLD Status
A fantastic opportunity to acquire this well-maintained, Mid Century 8-unit apartment bldg in the heart of Wallingford. With below-market rents, this property offers significant upside potential for investors looking to add value. Building offers updated, easy-to-rent 1 bedroom units~100% occupied! Each unit has a private entrance along the south-side veranda, overlooking mature landscaping. Additional features: newer dble pane windows, hardwd flrs, updated baths, onsite W/D, 5.04% cap rate; LR2-M zoning. Roof & sewer line replaced in 2014, Storage for each unit plus owners storage room. Self-managed w/careful attention to maintenance & tenant satisfaction. 94 Walk Score: schools, cafes, parks & of course UW. Solid asset w/growth potential!

4411 Corliss Avenue N, Seattle

Listing courtesy of RE/MAX Northwest. Selling Office: KW Mountains to Sound Realty.

$1,450,000
2296058 MLS ⋅ SOLD Status
Here is the opportunity to expand your investment portfolio with a well qualified asset that has seven (7), 2br 1 bath units, and one (1) , 1br 1 bath unit. On site coin op laundry room. 3-4 units have been "Refreshed" on turn over. Parking in the alley and in front of the building. Two units have fireplaces. The property is a 6.0 Cap at $1,500.00 2br rents and $970 for the One Bedroom with 30% expenses. Paved walkways, exterior lighting, fully fenced in the front and both sides with gate to alley in back with laundry access. All rents need to be raised to market rent on turn over. See attached rent roll. LONG term tenants Spacious 80' wide by 95' long lot for future development. Ground floor units have direct access/exit to laundry room

940 N 103rd Street, Seattle

Listing courtesy of WPI Real Estate Services, Inc.. Selling Office: WPI Real Estate Services, Inc..

$2,280,000
2295635 MLS ⋅ SOLD Status
Seller Financing available to qualified buyer. The Crisjanic Apartments offer a prime value-add investment opportunity near downtown Burien. Built in 1961, this property features 1-bedroom and 2-bedroom units. Property is served with common laundry room, front courtyard, 10 carport parking spaces, and 4 open parking spaces. This is the first time Crisjanic has hit the market in over thirty years. Residents enjoy the convenience of being close to downtown Burien with all the service and businesses needed by most residents. Burien is a vibrant city known for its charming downtown area, beautiful parks, and strong sense of community. With its convenient location and growing appeal, Burien is an ideal place for both residents and investors.

443 SW 154th Street, Burien

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

$1,800,000
2294993 MLS ⋅ SOLD Status
First time on the market in decades! Same ownership just shy of 30 years. Sellers will consider Seller Financing with sizable down payment over 33% and right terms. Discover this meticulously maintained 8-plex, featuring a fresh exterior paint job, gutters and a brand-new roof with a warranty, Aerobic Septic System & ideally situated in a vibrant Puyallup neighborhood! This property is not only visually appealing but also offers peace of mind for investorsThis property offers a mix of spacious 1& 2-bedroom units.Strong Rental Income: Happy tenants + great location, long-term tenants.Prime Location: Minutes to Hwy 512 & Canyon, Shopping & GasLow Maintenance: Well-kept landscaping and durable building materials. Avg 9.5yr renters

10401 E TO 10415 66TH Avenue Unit #1-8, Puyallup

Listing courtesy of Skyline Properties, Inc.. Selling Office: Best Choice Realty LLC.

$1,575,000
2291206 MLS ⋅ SOLD Status
A Rare Pearl in A Diamond Location! Great Opportunity to Own a Desirable/Fully-Rented 6-Plex at a fraction of the price of close by apt./condo communities. First-Time ever Listed! Walk to Pt.Defiance Park w/lots of trails, zoo, aquarium & tennis courts! Point Ruston offers unbelievable Puget Sound Waterfront w/Great Restaurants, Shops, Cinema, hotels & Vashon Ferry! City of Ruston has No Rent Control + Great schools! 73/100 Walk score! The Building has been well-maintained in this Fabulous Location for Apartment Living at its' best! 2 parking stalls/Unit on 3800 sq ft asphalt lot with only 2 steps up to your front deck/front door. Potential Condo Conversion Opportunity! Quick Assess to HWY 16 and I-5 off Beautiful Ruston Way.

5225 N Pearl Street, Ruston

Listing courtesy of Arsenault Realty Advisors, LLC. Selling Office: Arsenault Realty Advisors, LLC.

$4,850,000
2287605 MLS ⋅ SOLD Status
Sunset House is a 21-unit apartment building which exemplifies pride of ownership. Prime Ballard location, walking distance to the Historic Ballard Avenue. Built in 1964, this building is being offered to the market now for the first time since it was built. Immaculate, well-maintained building with PEX & Copper plumbing, vinyl windows, re-mortared exterior bricks, and LVT floorings in most units. Stable rent income with an opportunity to realize a 36.4% lift in revenue from current below-market rents through strategic turnovers and renovation.

5121 17th Avenue NW, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: Lee & Associates Commercial RE.

$2,400,000
2288388 MLS ⋅ SOLD Status
Junior Apartments, available to the market for the first time, presents an opportunity to own a top-quality multifamily asset in Seattle’s desirable Central District. Built by an experienced homebuilder, the thoughtful unit layouts & high-quality construction make Junior an attractive option for tenants & low-maintenance asset for new ownership. Comprised of 8 one-bedroom units approx 393SF & 2 studios approx 366SF, Junior presents premium compact units preferred by young professionals. Units feature A/C, dishwashers, in-unit laundry & balconies. Additionally, the units on the topfloor each have their own private rooftop deck. Located just a stones-throw away from Swedish Hospital, Seattle University, Capitol Hill & DT Seattle.

507 22nd Avenue, Seattle

Listing courtesy of John L. Scott, Inc. Selling Office: ZNonMember-Office-MLS.

$2,080,000
2288342 MLS ⋅ SOLD Status
Findlay Court is a meticulously maintained 10-unit apartment building located in the heart of the vibrant West Seattle neighborhood. With a strong history of diligent care under the current ownership for the past 25 years, this property offers both stability and potential for immediate rent growth. Rents are currently about 25% below market in current unit conditions presenting a significant opportunity to increase rents and improve cash flow.

5454 Fauntleroy Avenue SW, Seattle

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

$1,600,000
2286969 MLS ⋅ SOLD Status
Prime Investment Opportunity in Federal Way: Renovated 8-Unit ApartmentThis fully occupied 8-unit apartment is rare. It is located near downtown Federal Way, directly across from Federal Way High School. Each unit has been completely renovated, ensuring modern living spaces that are attractive and easy to maintain. With a strong 6.29% CAP rate, this property promises solid returns on investment. Convenience is key, with the upcoming light rail station just minutes away and within walking distance of the bus stop. Recent upgrades, including a brand-new roof in 2018 and new siding and exterior paint in 2023, mean no deferred maintenance—making it an ideal, hassle-free investment—with low vacancy rates.

1727 S 305th Place, Federal Way

Listing courtesy of Nations Realty, LLC. Selling Office: eLink Realty.

$4,000,000
2286745 MLS ⋅ SOLD Status
5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a desirable building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 6.01%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.

8309 5th Avenue NE, Seattle

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

$2,785,000
2285962 MLS ⋅ SOLD Status
The Holly Court is a meticulously maintained apartment building with significant rental upside and prime retail frontage on California Ave. This property features seven well-appointed residential units and two retail spaces, all complemented by ten open parking stalls. The owners have taken exceptional care of the building, recently remodeling units 3, 4, 6, and 7 with no expense spared as unit 6 and 7 were at one-point owner-occupied units. The property’s appeal is further enhanced by its stable retail tenants benefiting from high-visibility street frontage and the convenience of in-unit washer/dryers in all residential units.

6553 California Avenue SW, Seattle

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

$2,870,000
2285900 MLS ⋅ SOLD Status
The Haven is a well-located apartment building on California Ave, just south of Morgan Junction, offering a prime opportunity for investors in the vibrant West Seattle market. This asset features a desirable unit mix of 8 generously sized 1BD/1BTH units and 8 spacious sized 2BD/1BTH units, catering to a broad range of potential tenants. The Haven is a great value-add opportunity with a low entry basis of $206,250 per unit and $251 per square foot. Current rents are well below market presenting significant potential to enhance revenue through increased rents, parking fees, utilities charges, pet rents, and further cosmetic upgrades.

7130 California Avenue SW, Seattle

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

$1,842,427
2281578 MLS ⋅ SOLD Status
Classic 1970's 7-Unit in the heart of Greenwood with four 2bd/1ba units, two 3bd/2ba units and a newly renovated studio. 100% occupied by long-term tenants - prime value add property. Building features include additional storage for all units, carport parking, coin-op washer/dryer. Conveniently located close to transit and is just a short stroll to all the restaurants, cafes, and boutique shops that Greenwood has to offer!

10740 Greenwood Avenue N, Seattle

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

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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