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$4,500,000
2549082 MLS ⋅ PENDING Status
Highly Attractive Seller Financing 3.85%, 20% Down, 5 Years. UW 17th Rooming Houses offers investors a rare opportunity to acquire two adjacent rooming houses in Seattle’s highly desirable U-District/Greek Row location, just a 4-minute walk to the University of Washington campus, 9-minute walk to the U-District Light Rail Station, and 20-minute walk to University Village. The property features a combined 45 bedrooms, 5 kitchens, 11 bathrooms, 11,560 rentable SF, 8,640 SF of land, and 6 parking stalls. With average in-place rents of approximately $719/bed compared to projected market rents of $850/bed, the asset provides clear upside through light interior updates, operational improvements, and potential reconfiguration strategies. New roofs were completed in 2023, with mostly updated plumbing and electrical systems, offering investors a strong foundation in one of Seattle’s most consistent student-housing rental markets.

4714 17th Avenue NE, Seattle

Listing courtesy of Kidder Mathews.

$1,699,950
2548973 MLS ⋅ ACTIVE Status
Exceptional value-add investment opportunity in Seattle's evolving Rainier Beach neighborhood, just moments from Lake Washington. This 7-unit multifamily property features an ideal unit mix of four 2-bedroom/1-bath units and three 1-bedroom/1-bath units, providing strong in-place income with additional revenue from on-site coin-operated laundry. Current ownership has maintained consistent occupancy while offering the next owner the opportunity to enhance value through cosmetic unit updates as vacancies occur. Investors will appreciate the potential to improve rental income over time while benefiting from immediate cash flow. Situated on an NC155(M)-zoned lot with six tandem parking spaces accommodating up to 12 vehicles, the property also offers long-term redevelopment potential (buyer to verify). Conveniently located near Lake Washington, transit, neighborhood restaurants, shopping, and ongoing community investment, this is a rare opportunity to acquire a well-performing asset with multiple avenues for future growth. Some interior photos have been virtually staged for illustrative purposes only. Virtual staging is limited to furnishings and décor.

9265 57th Avenue S, Seattle

Listing courtesy of eXp Realty.

$1,100,000
2534478 MLS ⋅ PENDING Status
The property is positioned just south of Columbia City and within the broader Rainier Valley submarket, served by the Sound Transit Link light rail and direct bus access to downtown Seattle. The offering is an operational value-add opportunity. The asset has been updated over the years and does not require a large capital investment to perform. Current scheduled rents sit below market and the property does not currently bill back utilities to tenants. A new ownership group can grow income through natural lease turnover and the implementation of a utility recapture program, lifting NOI from $58,979 to $73,386 without renovation expense. The Henderson 7-Unit is priced at $1,100,000, or $157,143 per unit and $252 per rentable square foot, reflecting a 6.0% current cap rate and a 7.4% market cap rate. The asset offers an investor a meaningful cap rate spread, durable in-place income on a 1978 wood-frame building that has been fully updated over the last five years.

4526 S Henderson Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$549,990
2546792 MLS ⋅ ACTIVE Status
Investor Opportunity – Mobile Home Community with Significant Upside Potential! Rare chance to acquire a mobile home community consisting of 5 mobile home sites across 3 tax parcels, featuring 4 existing homes in a cul-de-sac, including 1 park-owned home, plus 1 vacant site ready for a new home. The current owner is highly motivated to sell. Tenants have not paid rent in over a year, there are currently no leases in place, and tenants prefer to remain due to the high cost of relocating their homes, creating a unique opportunity for new ownership to restructure operations and improve performance. The property includes 5 septic systems and 2 shared wells and is being sold As-Is, Where-Is. With full flexibility to implement new management, lease structures, rent collections, community improvements, and potential expansion, this property offers substantial value-add potential for experienced investors. A large vacant area provides additional opportunities for a new home, owner occupancy, or future development. Whether your goal is to stabilize and grow the existing community or create a new vision for the property, this is a rare opportunity to purchase and reposition an entire mobile home community with significant upside.

20106 2nd Avenue E, Spanaway

Listing courtesy of Every Door Real Estate.

$1,250,000
2546087 MLS ⋅ PENDING Status
Great Renton Investment Opportunity! Located across from a Boeing Admin Building, & close to the Renton Municipal Airport, The Landing, & downtown Renton, with easy access to 405. This 5-unit apartment complex includes two 2-bedroom 1-bath units & three 1-bedroom 1-bath units. These well-maintained, owner-managed apartments have been updated over time with double-pane vinyl windows, hardwood laminate & tile flooring, tile showers, & updated white cabinetry in kitchens & baths. The on-site laundry room & covered storage area are adjacent to the designated off-street parking for each unit. The roof was replaced in 2020 by Bravo Roofing & includes a transferable 12-year warranty. Marblecrete siding offers easy care maintenance. The landscaping has been professionally maintained. Built in 1968 with an effective year built of 2000. The plumbing was updated by the prior owner before the current owner's purchase in 2017. Competitive rents & competitive price with 5.65 CAP rate. Invest in this well-operated business opportunity & avoid purchasing landlord problems. Current leases use RHAWA forms with annual renewals for optimum tenant success. Renton renters & landlords are protected primarily by the WA State Residential Landlord-Tenant Act (RCW 59.18). This statewide framework ensures habitability, regulates security deposits, & outlines just-cause eviction requirements. Photos & videos show the current interior & exterior condition. Occupied unit inspections upon offer acceptance.

809 N 6th Street, Renton

Listing courtesy of Keller Williams Realty PS.

$1,850,000
2546321 MLS ⋅ ACTIVE Status
WPI Real Estate is pleased to present 12741 35th Ave NE, an 8-unit apartment building in the heart of North Seattle. Reconstructed in 1999, keeping only the foundation and frame, the building totals 6,351 gross square feet and comprises 5 two-bedroom and 3 one-bedroom units across approximately 5,515 rentable square feet, set on a 7,121SF corner lot zoned Lowrise 2 (M). The property is offered at an actual cap rate of 5.39%, with attractive owner financing available: 50% down @ 5% fixed interest, amortized over 360 months on a 5-year term. It delivers a stabilized income stream today, with clear upside through utility pass-through/RUBS implementation, adding additional units (buyer to verify) or updates as units turn. The building offers a desirable unit mix with functional layouts appealing to long-term tenants. Most units are corner homes with ample natural light, and many have vaulted ceilings and private balconies or patios. On-site parking and easy street access add to tenant convenience, while low-maintenance HardiPlank siding and a pitched roof (replaced in 2019) keep operating expenses low. Current rents present the opportunity for strategic increases through unit turns. With Seattle's continued population growth, zoning changes, and limited housing supply, this property is well-positioned for appreciation and sustained demand.

12741 NE 35th Avenue NE, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$1,375,000
2542138 MLS ⋅ ACTIVE Status
Rare opportunity to acquire a six-unit apartment building in Carnation. Seller financing offered with ~35% down and interest-only payments during the first year, allowing the new owner to maximize cash flow while renovating units, increasing rents, and stabilizing the property before principal payments begin. Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential (buyer to verify), adding long-term value beyond the existing improvements. Unit mix consists of (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility for future improvements and repositioning. Current rents are approximately 40% below projected market rents following renovations, creating exceptional value-add potential. Additional income is generated through the on-site common laundry, and current tenants reimburse the owner for utilities, helping offset operating expenses. Additional features include ample parking, a roof with substantial remaining useful life, and recently replaced upper decks. Ideally located in downtown Carnation, just minutes from Snoqualmie, with convenient access to SR 520, Microsoft, Redmond, and Bellevue. A compelling opportunity to acquire a value-add multifamily asset with flexible financing, strong upside, and long-term appreciation potential in one of King County's most supply-constrained rental markets.

31624 W Rutherford Street, Carnation

Listing courtesy of Real Broker LLC.

$992,500
2544142 MLS ⋅ SOLD Status
TROPHY LOCATION! On the market for the first time in 70 years, The Stadium District Victorian Apartments has been owned and cared for by the same family since 1956. Constructed in 1890, this rare six-unit asset features six one-bedroom apartment homes averaging approximately 600 square feet and showcases Victorian old-world charm in one of Tacoma's most desirable neighborhoods, the Stadium District. Residents enjoy access to a common on-site laundry room, six private storage lockers, and a five-car carport located at the rear of the property. All units are currently occupied. Please do not disturb tenants.

404 N Tacoma Avenue, Tacoma

Listing courtesy of Blake Investment Advisors. Selling Office: NWC-KV LLC.

$2,375,000
2545296 MLS ⋅ ACTIVE Status
Rare Edgewood investment opportunity offering immediate income and future upside on approximately 5 acres. This 5-unit property includes two duplexes with identical layouts plus a single-family home. Each duplex unit features 2 bedrooms, 1.5 baths, ~1,470 SF, 2-car garage, and laundry. Main level offers entry, living room with fireplace and patio access, kitchen, dining, and half bath. Upstairs includes 2 bedrooms with Jack-and-Jill full bath and private vanity areas. Ground level provides garage and storage. Single-family home is a 1 bed, 1 bath with full basement. Extensively upgraded with new electrical and plumbing, providing a strong foundation for long-term ownership. Spacious units offer value-add potential through cosmetic updates and rent increases. Tenants pay electricity and gas; landlord pays water and sewer. Ideally located near commuter routes, shopping, and employment centers—an excellent opportunity for investors seeking both stability and growth.

2421 98th Avenue Ct E, Edgewood

Listing courtesy of Windermere RE South Sound, Inc.

$848,112
2544830 MLS ⋅ PENDING INSPECTION Status
SELLER FINANCING AVAILABLE Located in one of North Tacoma's thriving neighborhoods, this well maintained 5 unit building (four 1 bedroom units plus one studio) offers strong rents, long term tenant occupancy, and excellent upkeep throughout. Just minutes from downtown Tacoma, hospitals, transit, and top amenities, this is a rare find in one of the West Coast's fastest growing rental markets. Value add potential is built in: add W/D hookups to the larger units, and consider finishing part of the basement to create a 6th income producing unit (buyer to verify feasibility). Whether you're a seasoned investor or just getting started, this property offers a strong income base with room to grow. Don't miss this one. OWNER FINANCING AVAILABLE — ask about flexible terms!

1901 N Fife Street, Tacoma

Listing courtesy of Real Broker LLC.

$4,500,000
2536745 MLS ⋅ ACTIVE Status
The Dolphin is an iconic 8-unit waterfront apartment building prominently situated along the shores of Alki Beach. Meticulously maintained and extensively upgraded, this rare investment opportunity features approximately 65 feet of bulkheaded Puget Sound frontage with sweeping water and Olympic Mountain views. Significant improvements include a complete exterior refit with brick & stucco finishes, marine-grade stainless steel components, fiberglass decks, & an 80-mil PVC roof membrane. Ownership includes primary & secondary tidelands together with boat buoy rights—an increasingly rare waterfront amenity. Distinguished by its signature landscaping & landmark presence along the Alki shoreline, The Dolphin offers a unique combination of quality, location, & long-term investment potential. Conveniently located near Alki Point Lighthouse, waterfront recreation, dining, & neighborhood amenities. A rare opportunity to acquire a legacy-quality waterfront asset in one of Seattle's most sought-after coastal locations. First time on the Market in 30 years!

3015 Alki Avenue SW, Seattle

Listing courtesy of Berkshire Hathaway HS NW.

$6,500,000
2543808 MLS ⋅ ACTIVE Status
The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential. Ownership has invested significantly in the systems over the past 5 years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. Featuring a unit mix of 20 sizable 650 SF, 1-bedroom units and one 800 SF, 2-bedroom unit, select units have been renovated with modern finishes including luxury vinyl plank flooring, updated kitchens, stainless steel appliances, including dishwashers and in-unit W/D installations. All units feature A/C, and 1st floor units include patio access. The existing renovations provide future ownership with a blueprint to continue remodeling unit interiors and capture additional rental upside. Additionally, there is potential to assume the current debt with term through 2031.

4731 12th Avenue NE, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$1,375,000
2540936 MLS ⋅ ACTIVE Status
Rare mixed-use investment opportunity offering the ideal blend of commercial visibility and residential income. This well-maintained property features a beautifully updated storefront with display windows, lobby, kitchen, and bathrooms - perfect for an owner-user or a variety of retail, office, or service businesses. Behind the commercial space are 4 units of varying sizes, including a spacious 3 bed/2 bath apartment ideal as an owner’s residence or premium rental. Interiors have been thoughtfully updated while maintaining character, creating attractive living spaces that tenants love. Amenities include on-site coin-operated laundry, basement storage, & off-street parking spaces. A corner lot with excellent street visibility create a lasting appeal for both commercial & residential tenants, helping support long-term occupancy. Strong income history with room for future upside makes this an outstanding addition to any portfolio, while the live/work potential offers flexibility that’s increasingly difficult to find. Located in Tacoma’s vibrant Three Bridges/North Tacoma neighborhood, you’ll enjoy a highly walkable setting surrounded by popular coffee shops, local restaurants, boutiques, salons, parks, and neighborhood services. Just minutes from the University of Puget Sound, Proctor District, 6th Avenue, Ruston Way waterfront, and major commuter routes, this location continues to attract both residential tenants and thriving local businesses.

2102 -2108 N Oakes Street, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$1,693,750
2541093 MLS ⋅ SOLD Status
East Aloha Apartments is a historic six-unit multifamily investment opportunity at the corner of 15th Avenue East and East Aloha Street in Seattle's highly sought-after North Capitol Hill neighborhood. For the first time on the market in over 80 years, this boutique asset offers a rare opportunity to acquire a well-located property in one of the city's most desirable residential communities. The building showcases a distinctive mid-century modern design with spacious one- and two-bedroom layouts, many featuring individual entrances that enhance privacy and livability. With a 92 Walk Score, residents benefit from immediate proximity to iconic Volunteer Park and the vibrant amenities along 15th Ave E, Broadway, and Pike-Pine Corridor, including popular cafes, acclaimed dining, and retail. Situated at a major bus stop, the property has convenient transit access to Downtown Seattle and major employment and education hubs. Primed for improvement and priced at assessed value, the property presents a lucrative venture with significant value-add potential, allowing investors to renovate and maximize rents. Assets of this quality and location seldom come to market, making this a truly exceptional investment opportunity.

1441 E Aloha Street, Seattle

Listing courtesy of Ewing & Clark, Inc.. Selling Office: Momentum Venture Partners LLC.

$1,900,000
2541763 MLS ⋅ ACTIVE Status
Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.

816 N 38th Street, Seattle

Listing courtesy of Westlake Associates, Inc..

$4,500,000
2541407 MLS ⋅ ACTIVE Status
6%+ cap rate in the heart of West Seattle Morgan Junction! Six tax parcels one building. Acquire 1031 then sell one unit every 2 years make this an advantageous tax move? New construction modern design & luxury commercial grade finishes combined with ideal location check all the boxes for landlord & tenant. Sustainability meets low cost of ownership make this the ideal investment opportunity. Nearly green built w/HE Mitsubishi in-ceiling ductless heating/cooling, dual Panasonic energy recovery ventilators, HE hybrid recirculating HW & heated tile floors. Open floorplan, floor to ceiling windows, ideal for entertaining. Rooftop deck w/commanding Puget Sound & Olympic Mountain views. Primary suite has dual WIC's w/custom built-in closet systems, dual sink vanity & custom shower tile/glass. Off-street parking with EV chargers. Urban living at its finest, steps to the Morgan Junction, dining, coffee, craft beers, Zeek's Pizza & the unsurpassed local & international selections of the West Seattle Town&Country/Thriftway. Minutes to Lincoln Park for hiking/biking & beach combing & Colman Saltwater Pool Seattle's ONLY saltwater swimming pool. Easy to rent, low turnover new construction with all the amenities tenants want make this a landlords dream.

6318 41st Avenue SW Unit #A-F, Seattle

Listing courtesy of Columbia Partners Real Estate.

$1,500,000
2536775 MLS ⋅ ACTIVE Status
Lakeview is a 6-unit multifamily apartment building located near highly-sought after downtown Burien, just 2 blocks from all the hip restaurants, cafes, bars, library, retail, and parks of historic downtown Burien, with easy transit access. The well maintained building offers 6 spacious, well-laid out 2br/1ba plans, averaging 966 sq. ft. Updated kitchens/baths, granite countertops, newer flooring, in-unit W/D, large private balconies, newer paint, and 12 parking spaces.

15409 9th Avenue SW, Burien

Listing courtesy of Lake & Company.

$810,000
2538380 MLS ⋅ SOLD Status
Welcome to this single level brick 5-plex in great North End Tacoma location. Well maintained property includes three 1 bedroom units, one studio unit and one 2 bedroom unit. 2 bd unit includes washer & dryer in unit. Strong rental history. Current rents are below market value. 3 single car garages can be rented as storage for additional income. Additional carport with space for 2 cars. New roof - May 2026. Convenient location in close proximity to bus line, grocery store, restaurants and downtown Tacoma amenities. Quick, easy freeway access. Investment opportunity!

702 N L Street, Tacoma

Listing courtesy of Windermere Abode. Selling Office: John L. Scott, Inc..

$2,900,000
2539066 MLS ⋅ ACTIVE Status
12-unit multifamily investment opportunity located in Seattle’s Capitol Hill neighborhood directly adjacent to Seattle Central College and the Capitol Hill Link Light Rail Station. Built in 1959, Harvard Court is situated on an 8,960 SF lot and offers strong in-place income with additional rental upside potential. Property features excellent access to downtown Seattle, with a direct light rail connection to Westlake Station in approximately 4 minutes. The location provides walkable access to shopping, dining, nightlife, and major employment centers throughout Capitol Hill and downtown. Zoned MIO-105-NC3-55 (M), the site also offers future redevelopment potential with zoning allowing heights up to 105 feet across a variety of permitted uses. Rare opportunity to acquire a well-located multifamily asset in one of Seattle’s strongest urban rental markets.

1818 Harvard Avenue, Seattle

Listing courtesy of Congress Realty.

$1,600,000
2538293 MLS ⋅ PENDING Status
Shoreline Townhomes + SFH is a 6-unit investment opportunity located at 1527–1529 NE 150th Street in Shoreline, Washington. The property includes five 3-bedroom, 1.5-bathroom townhome units and one detached 2-bedroom, 1-bathroom single-family home, totaling 6,437 rentable square feet. Seller financing is available to qualified buyers at an attractive 4.5% interest-only rate with a 5-year term and 25% down payment. The investment presents a compelling value-add opportunity through a renovation program combined with favorable financing. Current rents average $1,101 per unit, approximately 50% below market rates for comparable Shoreline properties. By implementing upgrades and leveraging Washington State RCW statutes (59.18.200, 59.18.650, 59.18.440), tenants may be relocated with proper 120-day notice for permitted renovations. Upon completion, projected rents could increase scheduled gross income by over 90% at stabilized market levels. The property benefits from a strong location within Shoreline, with proximity to highly regarded schools including Shorecrest High School, Kellogg Middle School, Briarcrest Elementary, and Shoreline Christian School, all within one mile. This location supports long-term tenant demand and sustained rental growth.

1527 -1529 NE 150th Street, Shoreline

Listing courtesy of Paragon Real Estate Advisors.

$3,800,000
2538805 MLS ⋅ ACTIVE Status
Built in 1968 and positioned on the corner of Carr Street and N 30th Avenue, Harbor View Apartments occupies one of Old Town Tacoma's most coveted residential addresses. The property's strategic location places residents at the heart of one of Tacoma's most vibrant and historically rich neighborhoods, with immediate access to the boutique shops, acclaimed restaurants, and waterfront amenities that define the Old Town experience. 6 of the 16 units have been recently renovated with modern finishes and in-unit washer & dryer. Many of the units enjoy sweeping water views of Commencement Bay. The property features a desirable unit mix of eight one-bedroom homes averaging 722 square feet and eight two-bedroom homes averaging 925 square feet, providing a well-balanced offering that appeals to a broad spectrum of renters. Currently 100% occupied, Harbor View demonstrates the enduring and consistent rental demand that characterizes well-located assets in supply-constrained submarkets. With in-place rents of approximately $24,400 per month against a market rent potential of approximately $30,000 per month, the property presents a compelling value-add opportunity with nearly $5,600 per month in proven rent upside through a thoughtful interior modernization program

2902 N Carr, Tacoma

Listing courtesy of Kidder Mathews.

$2,800,000
2538763 MLS ⋅ ACTIVE Status
Built in 1959 and representing the quintessential Tacoma brick construction, Viewcrest Terrace Apartments is a meticulously maintained asset that has stood the test of time - both in physical condition and locational relevance. The property sits on the corner of Tacoma's prominent 6th Avenue corridor and S Jackson Avenue, offering residents sweeping views of Puget Sound and the Narrows Bridge from one of the most coveted residential locations in the city. Despite its premier positioning, the property presents a compelling light value-add opportunity with approximately $4,000 per month in unrealized rental upside between current in-place rents and market rates. A targeted interior modernization program focused on updated finishes, fixtures, and unit upgrades provides a clear and executable path to capturing meaningful rent premiums — without the need for significant structural or exterior capital investment. The building's exceptional physical condition allows a new owner to focus exclusively on value creation rather than deferred maintenance

601 S Jackson Avenue, Tacoma

Listing courtesy of Kidder Mathews.

$1,895,000
2538004 MLS ⋅ ACTIVE Status
Bittertree Condominiums is an eight-unit apartment building at 13310 Greenwood Ave N in Seattle’s Greenwood neighborhood. Built in 1996, the property features two large studios, two one-bedroom units, and four two-bedroom units. All units include in-unit washers and dryers, private balconies, and access to a secured garage with seven parking stalls. The building sits on a 6,787 SF LR3 (M) zoned lot on Greenwood Avenue. This is a stabilized asset with upside potential. Five units have been updated with luxury vinyl plank flooring and newer appliances. The remaining three are occupied by long-term tenants with below-market rents, offering an opportunity to increase income through natural turnover. With separate electric meters, water sub-metering, and modern construction, the property offers a low-maintenance, efficient operating profile. Seller financing is available with 30% down and a five-year interest-only term: 5.0% interest in years one and two, and 5.5% in years three through five. The investment delivers a 5.7% cap rate and 7.2% cash-on-cash return at acquisition, increasing to a 6.6% cap rate and 10.2% cash-on-cash return as rents reach market levels.

13310 Greenwood Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,400,000
2537323 MLS ⋅ ACTIVE Status
We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.

3510 W Elmore Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,218,000
2535620 MLS ⋅ ACTIVE Status
This well-maintained multifamily property in Seattle’s highly desirable Bryant neighborhood presents a rare opportunity to acquire 12 spacious, light-filled units, which have been thoughtfully renovated. The property's generous unit layouts and private residential feel contribute to strong tenant appeal and long-term occupancy in one of Northeast Seattle’s most sought-after submarkets. Ideally located just steps from the bus service and Light Rail and within minutes walk to University Village, Seattle Children’s Hospital, and the University of Washington. The property offers residents exceptional connectivity, convenience, and access to major employment and lifestyle amenities. Adding to its investment appeal, the property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), allowing for mixed-use development with a 55-foot height limit. This zoning supports pedestrian-oriented commercial uses at the street level with residential units above, creating significant future redevelopment potential. Investors have the opportunity to benefit from strong in-place cash flow while positioning the asset for higher-density, transit-oriented development in a rapidly growing urban corridor.

2800 NE 55th Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$2,650,000
2536889 MLS ⋅ PENDING Status
Admiral 7 consists of seven well-designed units featuring an attractive mix of spacious townhomes and flats. The unit mix includes four 2-bed-room, 1.5-bath townhome-style units averaging approximately 1,000 square feet, two 2-bedroom, 1-bath flats averaging 814 square feet, and one large 1-bedroom unit. Each unit offers functional and desirable layouts with large living rooms, dedicated dining areas, and open kitchens featuring modern updates. Interiors are enhanced by updated bathrooms, oversized closets, abundant natural light through large windows, and the convenience of in-unit laundry. Situated in North Admiral, one of West Seattle’s most coveted neighborhoods, the property benefits from a unique blend of coastal lifestyle and urban convenience. Residents are just minutes from Alki Beach’s vibrant waterfront scene, while also enjoying proximity to Admiral Junction’s neighborhood amenities, grocery stores, cafes, and restaurants.

3056 60th Avenue SW, Seattle

Listing courtesy of Westlake Associates, Inc..

$6,225,000
2536846 MLS ⋅ ACTIVE Status
The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

2600 -2626 Thorndyke Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$800,000
2536841 MLS ⋅ SOLD Status
7-unit apartment building (6 units + 1 non-conforming) located in Seattle’s highly desirable Magnolia neighborhood. The property sits on an oversized 11,000 square foot LR3 (M) zoned lot, offering investors a rare combination of significant operational upside, long-term redevelopment optionality, and premium location fundamentals. The asset is currently 48% below market rents and 76% below renovated market rents, creating immediate and meaningful upside through a systematic renovation and lease-up strategy. Investors can capitalize on strong in-place demand while preserving future development flexibility under favorable zoning. Additionally, four adjacent properties are also available for sale, providing a compelling assemblage opportunity for developers or long-term holders seeking scale.

2109 W Raye Street, Seattle

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

$2,100,000
2535832 MLS ⋅ ACTIVE Status
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.

11002 Idlewild Road SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma.

$3,600,000
2534484 MLS ⋅ ACTIVE Status
Rare multi-family opportunity in Bellevue’s coveted 98006 zip code. This nearly 6,000-square-foot property features 11 bedrooms, 8.5 bathrooms, 3 kitchens, a private two-bedroom mother-in-law suite, and five studio-style units on the lower level. The flexible layout is ideal for multi-generational living, house hacking, or generating significant rental income. Located near Downtown Bellevue, major employers, shopping, dining, and Lake Sammamish, the property combines convenience with exceptional investment potential. short term rental for main house can exceed 650 a night, Opportunities of this size, income capability, and location are seldom available in Bellevue.

41311 153rd Ave SE, Bellevue

Listing courtesy of eXp Realty.

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