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$4,400,000
2163542 MLS ⋅ SOLD Status
Located at the top of Queen Anne Hill just blocks from the vibrant commercial corridor of Queen Anne Avenue N, 1421 on Queen Anne is a charming, 1910-vintage classic brick-veneer apartment building. 1421 on Queen Anne has already undergone major systems updates including tuck pointing, plumbing, new electrical strike and major upgrade, double-pane vinyl windows, in-unit laundry in 8 units, and a new torch down roof. Additionally, 7 of the 12 units have been or are in the process of being fully remodeled with updated baths and kitchens, 1 of the 12 is brand new, and 2 are partially remodeled. The property is situated on a tree-lined street in a high-end neighborhood of single-family homes and condominiums.

1421 2nd Street N Unit #1-12, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Redfin.

$3,900,000
2162995 MLS ⋅ SOLD Status
Perry Townhomes, crafted in 1978, offers 20 spacious townhomes (~1,037SF) across four buildings on a 1.01-acre lot with 31 parking spaces. Each unit features a well-designed layout with a living room and kitchen on the main floor and 2 bedrooms and 1 bathroom upstairs. In-suite washer and dryer and outdoor patios enhance daily living. Roof (2018), windows & doors (2021) and exterior paint (2020) recently updated. Located in Puyallup's heart, residents enjoy easy access to Downtown Puyallup, restaurants, bars, cafes, parks, and the nearby Sounder train station. Convenient access to Highways I5, I167, and I512 simplifies commuting. Puyallup's strong rental market and low inventory makes Perry Townhomes an incredible investment opportunity!

508 11th Street NW, Puyallup

Listing courtesy of Windermere Real Estate/East. Selling Office: Skyline Properties, Inc..

$2,065,000
2162503 MLS ⋅ SOLD Status
The Woodlaun Haus offers a diverse mix of one-bedroom, two-bedroom units and features one studio. This mostly renovated building with new cabinets, countertops, and flooring. New decks and entire exterior has been painted. 5 parking spaces. Just blocks from Greenlake, this location boasts easy commute to UW and Downtown with many entertainment offerings!

4267 N Woodland Park Avenue, Seattle

Listing courtesy of Keller Williams North Seattle. Selling Office: Coldwell Banker Bain.

$2,700,000
2162219 MLS ⋅ SOLD Status
Located in the heart of Seattle’s vibrant Capitol Hill neighborhood is an extraordinary opportunity for investors seeking both current income and future potential. The East Roy Apt, a 12-unit apartment building boasts a desirable location. This mid-century building features 9 one-bedroom and 3 two-bedroom units, offering spacious layouts designed for comfortable living. Timeless walk-up design and open floor plans, thoughtfully designed to seamlessly integrate kitchens, dining areas, and generously sized living rooms. Select units have undergone modern renovations, featuring upgraded kitchen cabinets, stylish vinyl plank flooring, and contemporary lighting elements. Upgrading the remaining units would add value and rent upside.

601 E Roy Street, Seattle

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

$1,650,000
2159181 MLS ⋅ SOLD Status
True Turn Key Property. Studs out remodel in 2018 with over $450,000 spent on capital improvements. New roof, siding, windows, sewer & water line, fire monitoring system, seismic upgrades, and more. Each unit has new luxury vinyl planking, quartz countertops, stainless steel appliances, and cabinets. Located in West Seattle's North Admiral neighborhood, the property provides an A+ location for tenants. Situated just a stone's throw away from the bustling Junction neighborhood filled with restaurants and retail or head over to the famous Alki beach to enjoy Seattle's most popular beach. This magnificent turn key property located in an A+ neighborhood makes it an absolute homerun for any investor and owner.

2217 42nd Avenue SW, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Best Choice Realty.

$1,975,000
2160465 MLS ⋅ SOLD Status
Built in 1967, this two story 12-unit community is comprised of spacious one-, two- and three-bedroom units averaging 714 SF. The Daffodil Apartments holds two 6-plex buildings, ample paved surface parking, and a large community backyard. Ripe for remodel, Daffodil Apartments hold 12 classically finished interiors providing investors an opportunity to seek value through interior improvements. Professionally managed and meticulously maintained, this value-add offering is extremely well positioned to provide new ownership immediate returns along with tremendous market growth potential.

1721 16th Road, Sumner

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

$1,900,000
2155977 MLS ⋅ SOLD Status
Location is everything. Located in the Alaska Junction just a 1/2 block from the main street. Nice and quiet location with assigned parking and all the restaurants and shopping right out your door. Makes for easy renting and great rental rates. Gas fireplaces & Washer/Dryers in all units Lower unit could be a great owners unit with a fenced in yard. 5 covered parking & 2 uncovered. All tenants have been served notice of rent increase bringing income to $147,840 4/1/2024

4416 44th Avenue SW, Seattle

Listing courtesy of Windermere West Metro. Selling Office: Medawar Real Estate.

$2,062,000
2155542 MLS ⋅ SOLD Status
Attention Investors: Caracol Apartments features an opportunity to own 17 units (15 permitted) in the highly desirable Wallingford neighborhood. Conveniently located within a short drive to Fremont, Greenlake, University of Washington, and Downtown Seattle. Priced under $145K per permitted unit and operating at a current 6.1 cap, this building provides massive upside to the investor that can make needed upgrades to the building that would further increase rents and lower future repair costs. This building’s unique floor layouts, vintage charm, fireplaces and outdoor decks in select units, unbelievable downtown views, and on-site laundry facilities make Caracol an attractive living environment and potentially great investment.

4110 Whitman Avenue N, Seattle

Listing courtesy of McCallen & Sons, Inc.. Selling Office: Realty One Group Enterprise.

$2,250,000
2154131 MLS ⋅ SOLD Status

6549 California Avenue SW, Seattle

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Berkshire Hathaway HS NW.

$1,585,000
2150876 MLS ⋅ SOLD Status
We are thrilled to present a unique investment opportunity in the thriving multi-family real estate market. Built in 2019, 2 separate buildings 5-unit townhouse style, well positioned in Tacoma close to freeways and JBLM military base. Each individual unit features a thoughtfully designed layout comprising 2 bedrooms 1.5 baths, stainless steel appliance packages, granite counter tops, washer/dryers, mini-splits heating, air conditioning and one car garages. Engineered cement board panel siding, fully landscaped, sprinkler and metered separately. Upper floors enjoy territorial views, water and power separately metered for each unit. Increase rents to market rates as leases expire.

6301 Pacific Avenue, Tacoma

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: ZNonMember-Office-MLS.

$4,800,000
2141057 MLS ⋅ SOLD Status
The North Forest Apartments is a 20-unit apartment complex that consists of four, three story, five-unit buildings. Each building has three tuck-under parking spots, ample open parking, and an on-site laundry facility. 13 of the 20 units have been remodeled with high-end finishes including quartz counter tops, new cabinets and mill work, lighting fixtures, and updated appliances. The buildings have been exceptionally well cared for and have recently been repainted and re-roofed. Although not currently zoned for a redevelopment project, the buildings sit on oversized lots that could potentially be redeveloped in the future.

18117 -18211 24th Avenue NE, Shoreline

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

$1,175,000
2150125 MLS ⋅ SOLD Status
5 total units including 3 spacious 3 bedroom 1.5 bath 1100 sq ft townhomes and 2 large 750 sq ft units with 1 bedroom 1 bath. 4 long term tenants. $9,300 per month gross income. Owner financing available. 15% down 6.5% amortized over 30 years with a 5 year call.

223 17th Street SE, Auburn

Listing courtesy of Better Homes and Gardens RE PC. Selling Office: Keller Williams Greater Seattl.

$2,600,000
2148878 MLS ⋅ SOLD Status
On the market for the first time in 37 years, this offering presents an opportunity to purchase 9 units located on the south slope of Queen Anne. Built in 1964, the Greenbrier Apartments is comprised of eight – one bedroom units and one – two bedroom / one and a half bathroom unit. 8 of the 9 units have seen moderate updates over the last 5 years and they feature LVP flooring, double pane vinyl windows, dishwashers, and balconies. The building itself has undergone significant capital improvements including a new roof (2013), updated copper plumbing, all new water heaters (2017-2023), exterior painting and waterproofing (2016), as well as some new electrical panels.

1115 6th Avenue N, Seattle

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

$1,975,000
2148356 MLS ⋅ SOLD Status
Great investment opportunity. The complex is composed of ten, two bedroom units, approximately 1015 square feet each. Each unit is equipped with washer and dryer, exterior patio and excellent storage. Tenant pays for separately metered electric. Landlord pays for water and garbage. Outstanding location. Close to JBLM, I-5, schools, and retail.

316 SE Choker Street, Lacey

Listing courtesy of Windermere Real Estate Olympia. Selling Office: Coldwell Banker Danforth.

$2,200,000
2146905 MLS ⋅ SOLD Status
The Salmon Creek Apartments is a fully renovated eight-unit apartment building, located in Sumner. Over the past few years current ownership has performed complete high-end interior & exterior renovation of the asset. The unit mix consists of all beautiful two bedroom/one-bath units, that are approximately 840SF. The unit features include kitchens w/stainless steel appliances, white hardwood cabinets & quartz countertops. Units also feature a balcony/patio, wood-like tile floors, new carpet in bedrooms, new lighting packages, new paint & trim packages, new 6 panel door packages, sliding barn doors for W/D (included) area & updated baths. Ext renovations included new windows, resurfacing the parking lot (17 stalls) & paint 2018.

5011 157th Avenue Ct E, Sumner

Listing courtesy of John L. Scott, Inc. Selling Office: Multifamily Properties.

$1,325,000
2146414 MLS ⋅ SOLD Status
Built in 1988, the property offers 6 spacious 2bed/1.5 bath units. The apartments have functional layouts, a true primary suite, abundant storage, complete kitchen appliance packages, and private balconies. The interior finishes and fixtures vary by unit with many featuring updated cabinet and flooring packages. The building also offers ample parking, some of which is covered. In addition to the building, there is a 6,860 square foot lot adjacent to the property. Situated on this separate parcel is a 1,190 square foot house that is currently uninhabited. This parcel is zoned RM-24 with a proposed up-zone to the Mixed Use Low designation, allowing up to 5 stories to be built.

13064 12th Avenue SW, Burien

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

$1,875,000
2143435 MLS ⋅ SOLD Status
Well-maintained building consisting of 5 spacious two bdrms. Each unit features a generous 840 sf layout, DW, spacious closets, pantry & private balcony. Well-located, within walking distance to Old Town Ballard. 5 parking spots, 3 covered. Private backyard and patio area are secured by gated entrance. Rents are currently 21% below market. There are multiple value-add possibilities, including enclosing the carports for increased parking income and converting of common area laundry which is approximately 500 sf into a 6th unit (buyer to verify). Sellers are willing to provide interest-only financing to qualified buyers. interest only payment with min 25% down.

1541 NW 52nd Street, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: Skyline Properties, Inc..

$2,000,000
2136592 MLS ⋅ SOLD Status
Loan rates will come down eventually, but in the interim, it's time to be on the lookout for properties w/actual upside potential. Shilo Apartments is an 8-unit building, comprised of (3) 2bd units, (3) 1bd units & (2) roomy studios. Only one unit has been fully remodeled. While other units have been simple improvements like paint & flooring, there exists a very real opportunity for a capable investor to improve this property, & bring rents up to their market potential. The cap rate is currently sitting at 4.75%, but could easily reach 5.5%+ w/fairly modest improvements, or higher if an investor wants to upscale the units or get creative with shorter-term, higher rent leases. Located in Fremont, a couple blocks from shopping & restaurants.

501 N Bowdoin Place, Seattle

Listing courtesy of Three Keys Real Estate. Selling Office: Three Keys Real Estate.

$2,480,000
2133414 MLS ⋅ SOLD Status
1st time on market since it was built in 1991, the Chalet is a rare opportunity to own a quality mixed-use building in a popular residential area of Maple Leaf. 5 townhome units, 1 studio w private balcony, & 2 commercial spaces. Generously-sized at approx. 1200 sf, the TH units feat 2-beds/1.5-bh offering an abundance of natural light. The commercial office suites have to 2 private restrooms & addtl storage. Well-maintained w/ secure street-level garage parking. Common laundry w/ 2 sets of leased W/D. Fully rented w/ low historic vacancy. This is the perfect opportunity for an investor to realize significant rental upside & maximize rental income through a light value-add renovation & taking advantage of additional efficiencies.

8320 5th Avenue NE, Seattle

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

$1,645,000
2131144 MLS ⋅ SOLD Status
OPPORTUNITY ALERT in South Tacoma! This 9 unit multi family is the perfect addition to any portfolio! Conveniently located minutes from I5, 512, entertainment, parks, & walking distance to groceries, restaurants, and major bus lines! There are eight 2 bed 1 bath units and 1 studio that have been recently updated! This is a conforming 2 story building with on site laundry, a courtyard, and a dog run! Large lot has parking for up to 20 cars! Property is also in URX zoning for potential development down the line! This is perfect for an investor looking to do an exchange! Owner is also selling 2 other incredible opportunities! One in Tacoma @ MLS: 2131192 and one in Buckley @ MLS 2131199.

7605 S C Street, Tacoma

Listing courtesy of Theory Real Estate. Selling Office: John L. Scott, Inc..

$3,500,000
2133137 MLS ⋅ SOLD Status
Well positioned and solid 20 unit apt building in the heart of downtown Burien! (two 10 unit buildings to be sold together) Rockery West & Rockery East! offered for the First time on the market in 37 years! Built in 1969/1970 with both building renovated in 1997! Situated on a corner lot on over a 1/2 acre of land. This is an amazing opportunity for the investor to own an "in city" apartment building. 8 two bdrms and 12 1 bdrm unit. 4 units renovated with new carpet, flooring and paint due to fire. Coin-Op laundry yields additional income of approx $200/month. All units have dishwashers. washer/dryer. portable a/c. Dont miss this opportunity to own this amazing income producing building!

15510 6th Avenue SW, Burien

Listing courtesy of Triwood Realty. Selling Office: Pointer Realty, Inc..

$2,230,000
2078062 MLS ⋅ SOLD Status
On the market for the first time in over 65 years, The Donna J apartments feature a corner location with frontage on California Ave SW in the heart of the Admiral District in West Seattle. Eleven apartments with ten one-bedroom units and one, two-bedroom unit, several of which have Olympic Mountain Views. Onsite laundry & storage are offered to the tenants.With its brick exterior, it offers classic architecture, true to the Admiral neighborhood. This fully leased asset is ready for an investor to capitalize on renovating and increasing rents. The developer can leverage its zoning of NC2-55(M) & build a brand new 22-unit condo or apartment complex w/ mountain views up to 55 feet & ~25kSF! Massing study completed.Location, location, location!

4301 SW Hanford Street, Seattle

Listing courtesy of City Closers Real Estate. Selling Office: City Closers Real Estate.

$4,000,000
2077882 MLS ⋅ SOLD Status
Situated in Seattle’s Green Lake neighborhood, the property is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1955, this 12 unit building consist of five studio and seven 1-bedroom units with an average of 350 SF. While the building has been well-maintained and improved throughout the course of ownership, all units have been fully renovated. Improvements consist of new granite countertops, new LVT flooring, new appliances and even new common washer dryers.

2008 N 78th Street, Seattle

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

$4,347,562
2128030 MLS ⋅ SOLD Status
Built in 1978, this 13-unit apartment community is in Seattle's desirable Ballard neighborhood near transit, employment & the historic Ballard Ave entertainment district. This meticulously maintained property is on the market for the 1st time in 38 years and offers a variety of attractive features & updates including secured intercom entry, dual-pane vented windows, copper supply piping, ample parking & storage space & significant renovations to 11 of the 13 units. Current rents & utilities charges are will below market & parking storage are included in the rent; without renovation income could be increased 20%+! The Seller is even willing to consider financing the sale to a qualified buyer.

1706 NW 59th Street, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Windermere Real Estate Midtown.

$1,425,843
2066965 MLS ⋅ SOLD Status
Value-add investment opportunity. Built in 1986, the Hazle Maes Apts. is well positioned in the heart of downtown Burien and is comprised of eight units with a good balance of large one- and two-bedroom floor plans. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, fireplaces, and private balconies. Upper floor units enjoy great territorial and mountain views to the east. Community amenities include a common laundry room, resident storage room with lockers and lots of off-street parking with covered and open stalls available in front as well as on the south side via the alley.

409 SW 155th Street, Burien

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Newberry Realty Renton.

$2,175,000
2063616 MLS ⋅ SOLD Status
Calling All Investors! South Ninth Apartments features a total of 13 units with a mix of ten 1 bed/1 bath units, two 2 bed/1 bath units, and a brand new 3 bed/1.5 bath unit. Most units have been renovated with new LVP flooring, new kitchen cabinets with quartz countertops, updated bathrooms & new interior & exterior paint. Tenants pay for W/S/G via RUBs. On-site laundry room. This is the perfect opportunity to acquire and start collecting rents at a great CAP Rate! Value add opportunity to increase rents! The building is in an excellent location near hospitals, shopping centers, restaurants, stadiums, and the future rail. Sellers looking to do a 1031 Exchange!

1004 S 9th Street, Tacoma

Listing courtesy of eXp Realty. Selling Office: Better Properties Gig Harbor.

$1,800,000
2056157 MLS ⋅ SOLD Status
Rare Value-Add/Development opportunity in excellent east slope Queen Anne location, one block north of Highland Drive, with outstanding views of the city, Lake Union, and the Cascade Mountains. The property offers potential for interior/exterior upgrades that could lead to significant rental increases and improved returns. The zoning allows new development for about 20 500sf apartment units or 10 1,250sf townhouse units (Buyer to verify). Great flexibility to start the project promptly or hold with current leases.

1249 5th Avenue N, Seattle

Listing courtesy of Sea to Sky Realty. Selling Office: ZNonMember-Office-MLS.

$2,900,000
2057901 MLS ⋅ SOLD Status
This 10-unit apartment community sits on a quiet cornet lot in West Ballard just across the street from the Ballard locks. The current owner has remodeled 7 out of 10 units with high end finishes including quartz countertops, stainless steel appliances, new cabinetry/millwork, as well as fully updated bathrooms. The exterior improvements include a new roof, awnings and exterior paint. This offering is a great opportunity to own a stabilized asset in a core Seattle neighborhood primed for future growth.

5401 34th Avenue NW, Seattle

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

$8,527,000
2055635 MLS ⋅ SOLD Status
Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.

1310 E Thomas Street, Seattle

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

$800,000
2053493 MLS ⋅ SOLD Status
Excellent Investment Opportunity: Highly sought shy half acre site in the MUR35 zone! A stone's throw from much smaller width & depth lots (that have been/or are being developed)w/attached single family residences/townhomes. Whether you want to bring the current home w/lg shop back to life, consider subdividing, or develop w/townhomes or homes w/ADU's, this is a great opportunity. Ideally located near Interurban Bike Trail, Seattle, shops, restaurants, medical, interstates, ferries & future Light Rail. Much of the feasibility has been done for you: architect design options completed w/detailed proposal for city & critical area study. Prior feasibility has shown lot is great for a 9 unit townhome/condo build. Buyer to verify all information.

18049 1st Avenue NE, Shoreline

Listing courtesy of Cruz & Co. LLC. Selling Office: Cruz & Co. LLC.

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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