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$1,650,000
2497467 MLS ACTIVE Status
Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

4902 111th Street SW, Lakewood

Listing courtesy of HDN Real Estate.

$2,100,000
2498457 MLS SOLD Status
Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!

14312 Thorne Lane SW Unit #15, Lakewood

Listing courtesy of Keller Williams Realty PS. Selling Office: Timber Real Estate.

$3,500,000
2495909 MLS PENDING FEASIBILITY Status
Strategically positioned along West Seattle’s rapidly evolving Delridge corridor, this rare 5 parcel assemblage (approx. 23,760 SF) delivers scale, zoning, and income in one offering. NC2P 55(M) zoning invites a true midrise vision—up to five stories of residential over active ground floor commercial—right in the path of ongoing growth, infrastructure investment, and neighborhood revitalization. The property currently features 15 apartment units, with a mix of rented and vacant homes that provide immediate cash flow, upside through lease up, and flexibility during design and entitlement. Generous frontage, strong visibility, and easy access to the RapidRide H Line connect future residents to jobs, services, and the core city, while the forthcoming West Seattle light rail will further enhance long term demand and exit strategies. Assemblages of this size and quality are increasingly hard to find. Whether your plan is mixed use, all residential, or a phased redevelopment, this site checks the boxes: scale, zoning, transit, and story. Bring your architect, your vision, and your preferred builder—Delridge’s next signature project starts here.

5222 -36 Delridge Way SW, Seattle

Listing courtesy of John L Scott RE West Seattle.

$1,950,000
2494339 MLS ACTIVE Status
Classic 1926 brick 6-unit apartment building in North Capitol Hill near Broadway & Roy. Unit mix includes two large studios and four one-bedroom units in one of Seattle’s most walkable, amenity-rich neighborhoods. Stabilized asset with strong in-place cash flow and a 5.11% cap rate, offering dependable income and long-term appreciation potential. Part of a distinctive group of four architect-designed buildings, the property retains original charm with coved ceilings, mahogany trim, and oak hardwood floors. Kitchens have been updated with modern appliances and finishes while preserving historic character. Efficient layouts feature full-depth, corner-style units with windows on three sides for abundant natural light and cross ventilation; one-bedrooms include separate dining rooms. Amenities include common laundry and individual storage lockers, supporting tenant convenience and long-term occupancy.

722 10th Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,975,000
2493770 MLS ACTIVE Status
Rare opportunity to acquire a 6-unit waterfront multifamily asset in one of West Seattle’s most iconic locations. Situated on Alki Ave SW, this property offers unobstructed Puget Sound and Olympic Mountain views just steps from Alki Beach, the Alki Trail, dining, and neighborhood amenities. The property consists of 2 buildings with a strong unit mix, including spacious renovated units averaging approximately 1,200 SF, in-unit laundry, and off-street parking for 8-10 cars. Located on a 12,000 SF LR2(M) zoned lot, the asset presents multiple value-add angles including continued rent growth, long-term hold potential, and possible future redevelopment optionality. Current rents provide upside with renovated units and a premier location that continues to drive strong tenant demand. An irreplaceable Alki waterfront offering with income, scale, and land value in a highly sought-after coastal submarket. Buyer to verify all information to their satisfaction.

1788 Alki Avenue SW, Seattle

Listing courtesy of Kidder Mathews.

$1,400,000
2493653 MLS ACTIVE Status
The Ballard Seven is a 7-unit apartment complex located just blocks from Ballard High School. The property unit mix consists of (1) Studio, (3) 1 bedroom/1bath and (3) 2 bedroom/1bath apartments. One 2 bedroom apartment is 1,100 sf and features a large rooftop terrace. The apartment interiors have been diligently maintained by the current ownership, which includes recent plumbing and electrical upgrades. This offering presents an investor with a cash-flow positive investment on day 1 with a simple value add path to an above market cash on cash return. The property has historically low vacancy and the current rents are within 10% of market rates which offers an attractive risk profile for an investor.

7329 15th Avenue NW, Seattle

Listing courtesy of Westlake Associates, Inc..

$1,572,000
2492677 MLS SOLD Status
8-unit stabilized multifamily property centrally located in the thriving Snoqualmie Valley market of North Bend with beautiful views of Mount Si. 100% occupied and just steps from downtown North Bend, offering walkable access to restaurants, retail, parks, and local amenities. Tucked away on a quiet cul-de-sac bordering a city park, the property provides a peaceful residential setting and features 16 on-site parking spaces plus additional street parking. The building includes a recently replaced roof (approximately 2 years old) and presents a value-add opportunity through cosmetic upgrades and operational efficiencies. Residents enjoy quick access to I-90, allowing convenient commuting to Seattle, Bellevue, and the Eastside technology corridor, while benefiting from North Bend’s highly desirable outdoor lifestyle near Mount Si and Snoqualmie Pass. Zoned DC (Downtown Commercial), offering potential future development upside.

226 Cedar Ave S, North Bend

Listing courtesy of Lee & Associates Commercial RE. Selling Office: Windermere R.E./Snohomish.

$1,300,000
2492452 MLS ACTIVE Status
Turn-key 8-unit asset with strong income potential and multiple operating strategies. Property is currently configured as hotel-style studio units, each fully furnished with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, providing flexibility to continue as short-term or extended-stay lodging, or reposition as long-term rentals for more traditional multifamily cash flow. Strong rent-per-square-foot potential with additional value-add upside. Property features 8 ground-level parking spaces plus a second-floor storage room already plumbed for future laundry installation. First time on the market — owned by the original owner with recent roof replacement and major capital improvements already completed. Excellent access to I-5 and Hwy 99, with close proximity to downtown supporting consistent rental demand and long-term investment appeal.

1120 N 91st Street, Seattle

Listing courtesy of Real Broker LLC.

$1,995,000
2491414 MLS PENDING INSPECTION Status
Watson Manor Apartments is a 10-unit apartment building located in the heart of Kent. Situated just south of Kent Station and minutes from SR-516, the property offers tenants suburban livability with seamless access to major employment centers throughout the region. Watson Manor is a rare opportunity to acquire a 100% vacant asset, providing investors with complete operational flexibility from day one. Unlike typical acquisitions encumbered by legacy leases, below-market rents, or deferred repositioning timelines, this property allows a new owner to immediately execute their business plan and fully capture current market dynamics. The asset represents a true “choose your own adventure” opportunity — whether the strategy is a light cosmetic refresh and lease-up, a comprehensive interior renovation to achieve premium rents, or a thoughtful reconfiguration to maximize unit efficiency. With no tenant rollover risk or displacement considerations. Beyond the immediate ability to re-tenant at today’s market rates, the property offers compelling upside through strategic improvements and potential reconfiguration. Explore converting the existing laundry area into an additional unit, or redesigning select layouts to create larger sized units, increasing rentable square footage and overall revenue potential. NOTE - All income and expense items are based on proforma - property will be delivered vacant at close.

739 3rd Avenue S, Kent

Listing courtesy of Lee & Associates Commercial RE.

$1,910,000
2488410 MLS SOLD Status
Built in 1979, the Contrail Vista consists of three fourplex buildings sitting on a 27,000 square foot lot. All the units are spacious (905 square foot) two-bedroom/one-bathroom floorplans and feature in-unit laundry and a complete kitchen appliance package. Units also feature fireplaces and private balconies/patios. Residents enjoy ample off-street parking with approximately 31 total surface stalls. The property is well positioned in a transit-oriented community with quick access to the nearby Angle Lake light rail station, major freeways, public transportation and the Sea Tac airport. Residents enjoy quick access to surrounding cities and nearby amenities and shopping destinations such as Soutcenter, and Kent Station.

3201 S 208th Street, SeaTac

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

$799,997
2487537 MLS PENDING Status
Opportunity to acquire a 5-plex in Tacoma’s Midland neighborhood, offering strong income and straightforward operations. The property consists of five 2-bedroom, 1-bath units, each approximately 700 square feet, providing a consistent unit mix with steady rental demand for multi-bedroom housing. The asset currently generates $56,469 in annual Net Operating Income, reflecting a 7.06% cap rate, presenting investors with immediate cash flow from day one. With the same layout across all units, the property allows for simplified management and leasing. Located in Tacoma’s Midland area, the property benefits from proximity to major commuter routes, shopping centers, and everyday amenities, making it a convenient location for tenants. The consistent unit configuration and manageable property size make this an appealing option for investors seeking a stable small multifamily asset in an established rental market. This offering presents a solid opportunity for buyers looking to add a cash-flowing multifamily property with long-term income potential in the Tacoma area.

10415 10423 Golden Given Road E, Tacoma

Listing courtesy of COMPASS.

$1,775,000
2483426 MLS SOLD Status
Well maintained, updated 6-unit apartment building. Highly desirable, never vacant, prime Greenlake location with one block to the lake. Short walk to coffee shops, restaurants, retail, PCC market, Whole food market, public transportation, and light rail. Easy access to I-5, Aurora 99, University of Washington, and downtown Seattle which is only 5.5 miles away. All units are 1br/1ba and have been updated with laminate Hardwood flooring, bathrooms, kitchens and double pane windows. Most plumbing have been updated to PEX. Coin operated laundry for additional income. Six parking spots in the back alley. Significant value in the land. 6,000 sqft , flat LR3 zoning for immediate or future development. 6% current actual CAP.

6519 4th Avenue NE, Seattle

Listing courtesy of Lake & Company. Selling Office: ZNonMember-Office-MLS.

$1,250,000
2487501 MLS SOLD Status
Rare opportunity to acquire a high-performing University of Washington student housing asset. This 2007-built property offers 8 bedrooms and 4 bathrooms across approximately 3,234 square feet and is configured for strong group housing demand in the U-District. The property is currently leased for the 2026–2027 academic year at $8,100 per month ($97,200 annually) under a joint & several lease structure, providing immediate income visibility for the upcoming school year. Unlike much of the surrounding U-District housing stock built in the early 1900s, this residence benefits from newer construction with modern systems, radiant hydronic heating, updated interior paint, and new LVP flooring completed in 2026. Tenants historically pay utilities, keeping operating expenses simple. The property features a large kitchen with island, stainless appliances, dual laundry areas, rear deck, covered front porch, and off-street alley access parking. The property operates on an academic-year leasing cycle aligned with the University of Washington calendar. After the current lease term ends in August 2027, a buyer may continue operating the property as student housing or explore owner-occupancy while leasing additional rooms.

5607 12th Avenue NE, Seattle

Listing courtesy of Keller Williams Realty Bothell. Selling Office: eXp Realty.

$10,800,000
2487778 MLS SOLD Status
The Ballard 32 Apartments is a rare opportunity to acquire a well-maintained, value-add multifamily asset in the heart of Ballard. Built in 1986, this sought-after vintage benefits from more modern systems and construction standards while meeting strong tenant demand for updated housing in one of Seattle’s most desirable neighborhoods. Uniquely positioned as a turnkey investment with attractive in-place cash flow, the property offers immediate stability combined with real value-add potential through maximizing NOI via modest rent increases to market. All 32 units feature generous layouts with large kitchens, dining nooks, expansive living rooms and bedrooms, private decks, and full-size in-unit washer and dryers. 19 units fully renovated with quartz countertops, new cabinetry, stainless appliances, luxury vinyl plank flooring, and modernized bathrooms. 12 units partially upgraded with new LVP flooring, paint, and appliances. Only 1 unit remains in original condition. The building offers 32 dedicated parking spaces in a secure underground garage. A hydraulic elevator provides convenient access from the garage to all 4 residential floors. Systems and construction features include copper plumbing lines, double-pane vinyl windows, electric heat, and wood frame construction with marble crete siding.

1433 NW 64th Street, Seattle

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

$1,125,000
2486762 MLS SOLD Status
A meticulously maintained, value-add asset in a highly convenient Lake City/North Seattle location. Built in 1959, it combines strong in-place performance with significant upside potential in one of North Seattle’s most connected neighborhoods. With a “Very Walkable” walk score of 88, residents are within easy reach of neighborhood restaurants, cafés, & shops. Close proximity to the Burke-Gilman Trail & Lake Washington and 6 bus routes within a 10-minute walk. Downtown and major employment centers are just minutes away. Orca Apartments consists of 5 one-beds and 1 two-bed. Units are notably oversized, averaging approx. 770 SF, and feature large living areas, generously sized closets, and dedicated dining spaces. Amenities include expansive decks, secured entry, some dishwashers, on-site laundry, & resident storage rooms. Units have been updated upon turnover, and one unit is fully renovated. The property has been extraordinarily well maintained, with recent improvements including a new roof, updated plumbing, modernized electrical panels, and dual-pane vinyl windows. There are 6 dedicated off-alley parking spaces in addition to convenient street parking directly in front of the building. Low historical turnover and likely ability to increase income by approx. 15% by adjusting rents to market and implementing a utility bill-back system. Orca Apartments offers investors durable cash flow today with clear, measurable value-add potential in a sought-after North Seattle location

12030 32nd Avenue NE Unit #1-6, Seattle

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

$1,875,000
2486221 MLS ACTIVE Status
GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.

814 5th St, Steilacoom

Listing courtesy of Coldwell Banker Danforth.

$5,825,000
2484395 MLS SOLD Status
Rare opportunity to acquire the Alki Surf Apartments, a trophy waterfront asset in the heart of West Seattle's iconic Alki Beach - one of Seattle's most coveted waterfront corridors with unobstruted west facing views of Puget Sound. First time on the market since the asset was originally developed in 1984. 10 large residential units including (6) 2 bed/2 bath units and (4) 3 bed/2 bath units all with private west-facing balconies. This opportunity offers immediate upside with minimal capital investment. In place rents are approximately 20% below market with additional income growth available through the optimization of utility reimbursement and parking income. Recent Capital Improvements include: New Roof, New Windows, Exterior Paint, New Decks and New Gutters. Must see!

2440 Alki Avenue SW, Seattle

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

$2,736,523
2478703 MLS SOLD Status
Alchemy Apartments is a unique, like-new asset located in the heart of Seattle’s Phinney Ridge neighborhood. The property offers profitability, long term durability, & upside while providing walkability & modern finishes to residents. The Alchemy features fully remodeled 2-bed/2-bath residences averaging approx. 850 SF. Units have been upgraded with contemporary interiors, in-unit laundry, dishwashers, & modern systems. Constructed with a charming brick veneer exterior & just the right amount of old-world charm, Alchemy Apartments offers lasting quality & low-maintenance ownership, as the building will never require exterior repainting & all major systems have been completely updated. On-site parking is available for 5 vehicles. The Alchemy boasts a Very Walkable walk score of 89, with residents just steps from Phinney Ridge’s restaurants, coffee shops, grocery stores, & neighborhood services. The property is within steps of bus route 5 & is approximately a 1/2 mile from the E Line. Additionally, quick access to Interstates 99 & 5 allows for efficient commutes to Downtown, SLU, & the Eastside. The Alchemy offers a 5.7% cap rate based on current income & expenses, providing investors with immediate, in-place cash flow alongside immediate upside. This easy upside was demonstrated by the most recently rented unit going for $3,395. Irreplaceable location, strong rental performance & profitability, excellent transit connectivity, & turnkey condition. Fully renovated in 2013.

6710 Greenwood Avenue N Unit #1-6, Seattle

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

$1,712,500
2477024 MLS SOLD Status
Seahurst 9 is a solid 9-unit apartment building on sale for the first time in 30 years. Located in the desirable Seahurst neighborhood of Burien, this 1962-build sits on a spacious 10,722 SF lot zoned MU-1, supporting mixed-use redevelopment with a 55-ft height limit. Ideal for multi-family, townhomes, retail, restaurants, or professional offices, offers versatile potential in a market with low competition and rising rents. With 1-, 2-, & 3-bed units averaging 651 SF, featuring hardwood floors, copper plumbing, and durable brick exterior, the site combines immediate rental income with long-term growth opportunities. Seller financing available or cash out—perfect for investors seeking stability in South King County's resilient economy.

2014 SW 152nd Street, Burien

Listing courtesy of Westlake Associates, Inc.. Selling Office: Kelly Right RE of Seattle LLC.

$4,300,000
2476476 MLS SOLD Status
Location is everything! Ballard 20 unit built in 1986 offers 14 -1BD units and 6 Large 1BD units. Majority of the units have received updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. The property presents clear value-add potential through continued interior renovations, operational improvements, and future capital upgrades. Certain building systems remain original, including electrical panels and roofing, providing a buyer with the opportunity to modernize the asset and reposition rents closer to market levels over time. The presence of both covered garage parking and additional surface parking, secured entry, in-unit water tanks, storage units, and on-site laundry further enhances tenant appeal and supports long-term stability.

2418 NW 57th Street, Seattle

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

$3,988,000
2476496 MLS SOLD Status
Well-located 19 unit multifamily investment positioned in Seattle’s Queen Anne / Interbay corridor with expansive views overlooking Interbay, Magnolia, and Fishermen’s Terminal. The unit mix consists of a combination of large studio units and large one-bedroom residences with an average unit size of approximately 646 square feet. Most units have received interior updates including refreshed cabinetry, LVP flooring, and a mix of Formica, granite, and quartz countertops. Building capital improvements include the installation of a new TPO roof in 2025. Other building systems include copper plumbing, GE electrical panels, and double-pane aluminum windows. Additional amenities such as secured covered garage parking, a secured entry intercom system, in-unit water tanks, on-site laundry, and basement storage units further enhance tenant appeal and contribute to operational stability. There is potential to add in-unit washers and dryers (subject to buyer verification), offering an additional avenue for future rental income creation.

3425 14th Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors. 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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