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$1,500,000
2205242 MLS ⋅ SOLD Status
Capitol Hill 5 unit west facing towards Seven Hills Park across the street, features good natural light exposure & views from the top floor. Units have received updates on turnover with most units receiving laminate floors & appliances. The building received Milgard insulated window replacements in 2017. 4 Off-street parking spots. The building is steps from the charming cafes, restaurants & shops of the 15th Ave retail corridor. Current rents are well below market & 2 units will be delivered vacant allowing investors to reset rents or commence updates upon closing or convert to SFR. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.

1806 16th Avenue, Seattle

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

$1,050,000
2202916 MLS ⋅ SOLD Status
This 6 plex will be a gem in your portfolio. Solid renters with a great rental history. Some rents are near market value and a couple units could be raised with new leases. The building is completely occupied. Each unit is 1000 sqft and have 2 bedrooms and one bath. Very desirable Panther Lake location. Recent work that has been done to the building: New exterior paint, new windows, updated interiors, new electrical boxes. repairs and replacement of wear items have always been done as needed, The view behind the units is of a forest.

34015 1st Circle S, Federal Way

Listing courtesy of Vander Pool Real Estate LLC. Selling Office: Best Choice Realty.

$1,960,000
2201272 MLS ⋅ SOLD Status
Rare opportunity to purchase this historic 9 unit in the heart of Wallingford. The Burke is located in a quiet residential setting, surrounded by classic homes and close to everything Wallingford has to offer. The Burke was originally a single family mansion used as a sorority for the UW in the 1930s & 1940s, converted to 9 unit apartment building it 1960s. The property boasts classic finishes & charm throughout the mix of 6 studios, two 1 bedrooms & one 2 bedroom unit. Great views from the upper 2 floors & potential to combine units for owner occupied use while still maintaining 5 rental units. Laundry room onsite & additional building storage or potential to expand the 2 bedroom unit. Potential for 3 additional lots in back of property.

4120 Burke Avenue N, Seattle

Listing courtesy of South Lake Associates Inc.. Selling Office: Windermere Real Estate Co..

$627,900
2197818 MLS ⋅ SOLD Status
This is the biggest opportunity that Ashford has to offer! This property, as-is, is a near 6% cap rate. There are currently 5 mobile homes, 1 manufactured home, and 1 stick built home on the property with an allocated mobile home slot and a spot to rent to an RV. You can keep the property layout as-is and replace the mobile homes with newer ones to increase the rents, while also rehabbing the manufactured home and the stick built house. Re-development is a HUGE opportunity here as the property is zoned "Village Center" meaning that this 4+ acre parcel can support 12 dwellings, an expanded RV park, mixed-use commercial, and lodging. Just 4 miles from Mt. Rainier National Park and stunning views of the cascades, the opportunities are endless!

30612 State Route 706 E, Ashford

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

$6,200,000
2196580 MLS ⋅ SOLD Status
Built in 1990 and under the same ownership since 1992, California Court is an attractive garden style community consisting of three, connected buildings on a spacious 18,000 square foot lot. There is an even mix of (12) one-bedroom and (12) two-bedroom apartments with spacious floor plans and complete appliance packages including washer/dryers. The buildings have elevator service and secure, intercom entry into the shared community areas and walkways. Wonderful water, mountain and territorial views can be seen from upper-level units and open-air breezeway corridors

6900 California Avenue SW, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: ZNonMember-Office-MLS.

$1,595,000
2193148 MLS ⋅ SOLD Status
POSSIBLE SELLER FINANCING - Live in the penthouse and the collect the rents from the remaining units to make the payment . Opportunity to acquire a solid mixed use building located near the NE corner of Greenwood Avenue N and North 105th Street in popular Greenwood. The property consists of Four - 1 Bed 1 Bath apartments all with decks, One Penthouse with 2 bedrooms 2 baths, Sunroom, Dry Sauna and One - ground floor 1833 sf retail space . Close proximity to future Link Light Rail Stations at Northgate and NE 145th Street and excellent access to I-5, Downtown Seattle, Shoreline area, Northgate, Green Lake, Ballard and University of Washington.

10532 Greenwood Avenue N, Seattle

Listing courtesy of RE/MAX Northwest. Selling Office: Best Choice Realty.

$1,100,000
2193874 MLS ⋅ SOLD Status
Walnut Grove is a stabilized six-plex near Wal-Mart, Costco, Fred Meyer and public schools. Large updated two-bedroom units with storage closets off decks and patios. All units are equipped with new washers and dryers & new appliances. Large site with picnic area beneath 100-year old walnut trees. Bus kiosk. Screened tenants. Recent executed leases. Below market rents, good upside for your new or mature savvy investor. Market rent at $1,450 per month could raise OAR to 7.00% with efficient management. New owner, utilities reimbursements or carport fees? I am selling because I moved out of the area.

6648 Littlerock Road SW, Tumwater

Listing courtesy of Valko Commercial LLC. Selling Office: Windermere Bellevue Commons.

$1,700,000
2193534 MLS ⋅ SOLD Status
See the possibilities - value-add repositioning or redevelopment. Eastlake 6-unit apt sits on a 5,400SF lot zoned LR2 (M) with access to the lot from Minor Ave on the front along with Red Ave E to the rear. The building currently has several vacant units, allowing investors to promptly enhance its value through additional renovations, maximizing returns on investment. The building is comprised of four well laid out 1-bedroom/1-bathroom units, along with two large 2-bedroom/2-bathroom units. Encompassing the entirety of the top floor is the penthouse unit featuring hard surfaced flooring, updated cabinetry, in unit washer and dryer, and spectacular views of lake union and downtown Seattle.

2219 Minor Avenue E, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Heaton Dainard, LLC.

$1,050,000
2193375 MLS ⋅ SOLD Status
This 5 Unit is a great investment opportunity! The rent increase notice to $1,800 per month has been given to all tenants effective April 1st. In an ideal setting, just off Pacific Ave, on a dead-end street & tucked back from the road. Beautiful setting with a bubbling creek that flows through the property. Granite counters and a forever tile roof. NEW double panel vinyl windows and a whole lot to offer tenants. Each unit has 2 bedrooms and 1.5 bath + Laundry IN-UNIT !! GREAT LOCATION with Convenient freeway access, near schools, shopping, bus line, Pacific Lutheran University, Brookdale Golf Course. Owner will carry the contract at 4% interest, with $330K down, 30 amortization, with a 5 year call. This property has so much potential!

214 131st Street S Unit #1-5, Tacoma

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Skyline Properties, Inc..

$2,011,600
2191110 MLS ⋅ SOLD Status
The Ballard Seven offers investors the opportunity to purchase a well-maintained asset in the heart of the thriving Ballard Neighborhood. Conveniently located on NW 58th, the Ballard Seven is within walking distance to Market Street, Old Ballard, the Burke Gilman Trail, Golden Gardens Park and everything Ballard has to offer. The Ballard Seven is comprised of 3 - 1BD/1BTH units, 3 - 2BD/1 BTH units and a luxurious 3BD/1BTH owners unit. These units are well appointed with open floor plans, dining areas off the kitchens, plenty of storage including linen closets and an abundance of natural lighting.

2028 NW 58th Street, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Westlake Associates, Inc..

$1,175,000
2189953 MLS ⋅ SOLD Status
This property offers a range of possibilities for potential investors, including the prospect of value-added repositioning along with redevelopment. Positioned on the north slope of Queen Anne, this 5-unit apartment building sits on a 4,800-square-foot lot zoned LR3 (M). Currently vacant, the property allows investors to promptly enhance its value through renovations, maximizing returns on investment. The building is comprised of five spacious 1-bedroom/1-bathroom units, with a daylight basement offering potential for additional square footage to be added. Beyond the potential for value-added improvements, this property presents a distinct redevelopment opportunity.

68 W Etruria Street, Seattle

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

$2,700,000
2190425 MLS ⋅ SOLD Status
Maria Manor is a prime investment opportunity in the heart of Lake City. Built in 1967, this partially renovated asset is strategically located just off Lake City Way, with value-add potential for investors. Maria Manor’s location ensures easy access to public transit and surrounding retail, with Northgate Station just 2.5 miles away. With a total of 11 units, Maria Manor boasts 6 units that have already undergone full renovations, setting the stage for enhanced rental income potential. Situated on a 0.23-acre LR3 (M) zoned lot, this property offers a mix of 1- and 2-bedroom units, totaling a NRSF of 9,580. Savvy investors can capitalize on the remaining 5 unrenovated units, unlocking a 13% increase in gross potential rent.

12333 33rd Avenue NE, Seattle

Listing courtesy of Northmarq Commercial, LLC. Selling Office: Windermere Real Estate Central.

$3,050,000
2184459 MLS ⋅ SOLD Status
Hillside House (HH) is well-positioned within an attractive Upper Queen Anne's residential location. With breathtaking views overlooking Dwntn & the Puget Sound, this 1964 building is the perfect opp. for those seeking a highly desired location w/ current in place income. Unit mix consists of 2 studios, 8 1-bed, and 1 penthouse 2-bed unit feat rooftop deck, fireplace, private laundry. Updates & amenities includes copper plumbing, new water heaters for each unit (2022), private patio & covered onsite parking. With proximity and ease of access to Dwntn & SLU, HH provides prospective tenants a true sense of everything that Seattle has to offer, and investors w/ the opp. to obtain a “trophy” asset in one of Seattle most desired locations.

15 Ward Street, Seattle

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

$1,360,000
2180682 MLS ⋅ SOLD Status
Located in the vibrant city of Tukwila, this 7-unit Multifamily property presents an opportunity for savvy investors seeking to capitalize on the region's growing rental market. This property is comprised of a SFH, a Triplex, a Duplex, and a charming Cottage, offering a diverse mix of rental options to cater to a wide range of tenants. There is ample parking, ensuring convenience for residents and eliminating the hassle of street parking. Moreover, the property offers the potential to increase total rental income by 16% providing a substantial boost to your investment returns.

3705 S 150th Street, Tukwila

Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.

$1,275,000
2179779 MLS ⋅ SOLD Status
Located in Wallingford, The Ashworth is a strong value-add opportunity. Current operations are profitable, and there is significant potential for increased income. Current rental rates are below market rates, and there is room for renovations. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approx 40%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.

3664 Ashworth Avenue N, Seattle

Listing courtesy of Windermere R E Mount Baker. Selling Office: Paragon Real Estate Advisors.

$1,493,000
2179778 MLS ⋅ SOLD Status
People love living in Wallingford! To own a solid MF property in such a strong, desirable location is a steal! The Whitman is a strong value-add opportunity. Current operations are profitable, with a significant potential for increased income. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approximately 35%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.

4326 Whitman Avenue N, Seattle

Listing courtesy of Windermere R E Mount Baker. Selling Office: RSVP Real Estate-ERA Powered.

$1,950,000
2177625 MLS ⋅ SOLD Status
The property features two separate buildings, including a 4-plex with spacious units and a single-family residence, located on the same parcel. Consisting of two 2-bedrooms, two 3-bedrooms, and a 3-bedroom single-family home. The 4-plex boasts an average unit size of nearly 950 SF, while the SFR is 1,710 SF of usable living space. Centrally-located and well-maintained throughout ownership, the property presents the perfect opportunity to embellish upon the attractive vintage of the residence with tasteful updates supporting stronger rents, increasing financial returns of the investment over time, and the complement of more up to date and spacious units that will generate immediate income.

7 W Dravus Street, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: George W Johnson Realty.

$2,463,000
2176712 MLS ⋅ SOLD Status
Brand new apartment opportunity with assumable debt, Kidder Mathews is pleased to have the exclusive listing for the Woodbrook apartments. Excellent cash flowing opportunity, the Woodbrook Apartments is a brand-new garden style community located in Lakewood, WA. Situated on just under an acre, the Woodbrook offering consists of 12 1-bedroom 1-bath units, top of the market interior finishes, extremely low maintenance grounds and promising rental growth potential. Woodbrook has extremely attractive assumable debt offered at 3.37% fixed through 2029. With an in place cap of 6.2%, Woodbrook offers investors an opportunity to own a cash flowing asset with very limited capital expenditures for years to come.

15001 Woodbrook Drive SW, Lakewood

Listing courtesy of Kidder Mathews. Selling Office: Lake & Company.

$2,400,000
2172267 MLS ⋅ SOLD Status
Charming, spacious, and well cared building, with 6 out of 8 units are 2-bedrms. Light-filled bay windows and western units feature sweeping views of Downtown, SLU w/ the Space Needle and Puget Sound beyond. Built in 1910, wiring & heating system updated over the years. windows have wood blinds and most of the hardwood floors in units have been preserved while the kitchens have received updates - butcher block countertops in most units, newer gas ranges, Bosch DW in all units. Centrally-positioned within the Capitol Hill neighborhood, 317 presents investors w/ a perfect opportunity to embellish upon this attractive vintage w tasteful updates supportive of stronger rents that will increase the financial returns of the investment over time.

317 E Thomas Street, Seattle

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

$3,600,000
2171776 MLS ⋅ SOLD Status
Fantastic value add opportunity in the heart of Ballard. A 16 unit apartment building with a unit of 14 - 1bed x 1 bath and 2 - 2bed 1 bath. This building and units are in great shape with the new owner able to raise rents to market rate and renovate upon turnover. 7 Parking spots and a great deal amount of storage. Non-conforming 17th Studio that is receiving $500 a month. Located on a corner lot, on 9,300 square feet and zoned NC1-55 (M) (Build up to 55 feet), creates the opportunity for future development potential. Reach out to listing broker for tours. Please inquire about market proforma & renovated proforma financials.

6100 24th Avenue NW, Seattle

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

$2,000,000
2171731 MLS ⋅ SOLD Status
78th Street Classic City Studios and Suites, situated in Seattle’s Green Lake neighborhood, the building is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1992, this 5-unit building consist of five 1-bedroom units averaging 700 SF. Well-maintained and improved throughout the course of ownership, recently 2010 N 78th Street has seen improvements. Upgrades are a new roof in 2020, full exterior repaint and a renovated owner's unit. The property offers a truly unique and enticing opportunity for those looking to own in the heart of Green Lake. With a young professional tenant base and a location steps from Green Lake Park and urban retail, 78th Street Apartment truly represents the best Green Lake has to offer.

2010 N 78th Street, Seattle

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

$1,800,000
2171606 MLS ⋅ SOLD Status
The Emerson Apartments consists of 6 large 1 bedroom/1 bathroom units and 1 studio unit. Currently, all the units are being operated as fully furnished short-term rentals primarily renting to traveling nurses and corporate transferees. This unique opportunity allows a new owner to continue to improve the short-term rental operating strategy or transition the units into traditionally leased apartments. The value-add opportunity is renovating the units on turnovers before operating the units on longer-term traditional leases. The one-bedroom units offer spacious floor plans with a living room and a dining area off the kitchen. Most of the units have hardwood style flooring and there are 7 parking spots, one for each unit.

1302 W Emerson Street, Seattle

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

$2,720,000
2168357 MLS ⋅ SOLD Status

5704 183rd Avenue E, Bonney Lake

Listing courtesy of Keller Williams North Seattle. Selling Office: NWMLS-NonOffice.

$2,500,000
2166891 MLS ⋅ SOLD Status
This is for 2 1984 quality built fourplexes for a total of 8 units. Easy to rent. 2 bedrooms 1 bath and a fireplace in each plus washer and dryers as well. Built and beautifully maintained by the original ownership family. Functional and efficient floor plans with off street parking. Many updates. Close to West Seattle Junction amenities. 2 building on separate lots.

5221 5225 Fauntleroy Way SW, Seattle

Listing courtesy of John L Scott RE West Seattle. Selling Office: Heaton Dainard, LLC.

$1,500,000
2167079 MLS ⋅ SOLD Status
1986 quality built six plex. Easy to rent. 2 bedrooms 1 bath each plus washer and dryers as well. Built and beautifully maintained by the original ownership family. Functional and efficient floor plans with off street parking. Many updates. Close to West Seattle Junction amenities.

5237 Fauntleroy Way SW, Seattle

Listing courtesy of John L Scott RE West Seattle. Selling Office: Blue Summit Realty LLC.

$2,410,000
2165235 MLS ⋅ SOLD Status
Turn around 27 unit apartment complex listed at 5.2% Cap Rate based so far on 2023. Current vacancy at 19% which allows for instant potential to increase cap rate.This complex has 1 kitchen 4 showers and 4 rest rooms; coin op laundry, and 6 parking stalls. All studios are decent sized with mini fridge, microwave, bed, chair and desk. All windows upgraded to vinyl cased thermopane. All original systems are intact and working well. All rooms have baseboard radiator heat supplied by central gas fired boiler with four zones, dedicated thermostat on each floor. 2 hot gas hot water tanks. In 2021 and 2022, all flooring was upgraded to LVP. New Torch down roof is 2017. Ask Broker to see more pictures of the property.

4528 20th Avenue NE, Seattle

Listing courtesy of Best Choice Realty. Selling Office: Windermere Real Estate Central.

$1,500,000
2165862 MLS ⋅ SOLD Status
SELLER FINANCING AVAILABLE – The Bruce Apartments is a six-unit building that offers a great opportunity to own a low-maintenance property one block from the Morgan Street Junction. Seller financing is available with a 5.0% interest only rate, 25% down payment, and a 5-year term, making this an ideal opportunity for an investor to start their real estate investment portfolio or add it to their existing holdings. The Bruce Apartments consists of all one bedroom – one bathroom units that have been meticulously maintained and updated over the years. There is a common laundry room and storage units available for each unit of which the current ownership does not charge for.

6339 42nd Avenue SW, Seattle

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

$1,020,000
2162949 MLS ⋅ SOLD Status
QUEEN ANNE/MAGNOLIA MULTI-PLEX ALERT! Great investment opportunity w/this 5-unit building that has HUGE rental income upside. Rents currently VERY LOW for the area. First time on market in over 30 years. Apartment units consist of two 1-bed, 1-bath units & two 2-bed, 1-bath units in the main building, and a 1-bed, 1-bath unit above a separate 2-car garage. All apartment units have lrg covered, private decks. The buildings back up to a private protected & wooded greenbelt area. Lrg 5,333 sq ft. lot zoned LR3 (M). Tenants have access to 2 separate laundry rooms w/free washer/dryer access. Conveniently located providing easy access to Discovery Park, Magnolia Village & Elliott Bay Bike Trail, w/easy walking distance to Metropolitan Market.

4201 34th Place W, Seattle

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

$2,495,000
2164199 MLS ⋅ SOLD Status
Price reduction - current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. Proximity to Capital Mall for retail, groceries, and dining. Well-connected to transportation. 7 contiguous parcels - four townhomes (built 2007, 2009), single-family home (1934), 6-unit apartment with standalone retail (1947), single parcel containing a house, cottage and converted garage unit (1935). Nearby to parks and Evergreen State College. Thoughtfully maintained with high curb appeal. Fully occupied, potential for rent increases and interior renovations. Parcels offer flexibility and significant value-add component.

333 Division Street NW, Olympia

Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.

$1,995,000
2163933 MLS ⋅ SOLD Status
Seller financing available. Don’t miss the chance to own this one-of-a-kind waterfront apartment building. This 6 unit building features four spacious 2 bed/1.5bth units and two 1 bed + den/1.5bth units. Each unit has a waterfront deck, one designated covered parking space, w/d set, dry storage closet, and breathtaking views. Watch sunsets, fish, boats gliding down the Tacoma Narrows, and Olympic mountain vistas from your own slice of paradise. First time on the market, this property has been meticulously maintained.

1660 S Wilton Road, Tacoma

Listing courtesy of Keller Williams Seattle Metro. Selling Office: Emerald Guardian Realty.

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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