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$1,870,000
2422481 MLS ⋅ SOLD Status
There is attractive seller financing available: $600,000 down, 5.0% interest only for years 1 to 2, and 5.5% interest only for years 3 to 5 on a five year term. The property features a strong unit mix of five 1BD/1BTH and three 2BD/1BTH apartments, plus 8 storage lockers, 12 off-street parking spaces, and an owned on-site laundry room—offering multiple income streams. All units feature a full appliance package with electric ranges, dishwashers, and refrigerators, as well as a deck or balcony.

12348 33rd Avenue NE, Seattle

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

$6,250,000
2423442 MLS ⋅ SOLD Status
Well located 29 unit building with period charm intact! The Dublin offers a well-balanced mix of studio and one-bedroom units. Many of the studios feature an alcove, often used as a sleeping area, leading some to refer to them as “junior one-bedrooms.” All units are spacious and inviting, boasting tall ceilings, beautiful original hardwood floors, charming period details, and abundant natural light. The building features a secure entry and a common laundry room with designated storage bins for each unit. Building has been meticulously maintained, with significant upgrades which include unit updates on turnover, updated electrical and plumbing, a recently replaced TPO membrane roof, and double-pane vinyl windows. Building is wood framed.

1052 E Thomas Street, Seattle

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

$1,670,000
2421349 MLS ⋅ SOLD Status
Improved ROI! This fully rented 8-unit complex in desired Puyallup School District is an amazing investment opportunity! Includes two 4-plexes w/ mix of 1BR/BA & 2BR/1BA units on 0.78 acres. Each unit has private patio & updated appliances (most stainless), incl fridge, range, dishwasher & built-in microwave. Tenants pay own electric & cable. Coin-op laundry brings in extra income. Large lot on a dead-end street offers ample parking. Owner storage room on-site. Recent upgrades include newer roof, windows, LVP flooring, carpet, countertops, vanities, light fixtures & int/ext paint. On septic w/ sewer available at SE corner. Zero percent vacancy w/ immediate rental turnover. Great location close to South Hill amenities & YMCA!

12311 to 12315 112th Avenue Ct E, Puyallup

Listing courtesy of Keller Williams Realty PS. Selling Office: John L. Scott, Inc..

$1,875,000
2422448 MLS ⋅ SOLD Status
This beautifully maintained 8-unit classic apartment building, with 1 nonconforming unit, seamlessly blends timeless old-world charm with tasteful modern updates, making it an attractive choice for both tenants and investors alike. The building greets you with a stately lobby, highlighted by elegant box beam ceilings. This inviting space reflects the care and attention to detail evident throughout the building. Each unit has been thoughtfully updated with newer cabinets and sleek quartz countertops, offering a contemporary aesthetic that complements the building’s classic architecture. The units also benefit from an abundance of natural light maximizing functionality and comfort for residents while ensuring strong tenant appeal.

5703 18th Avenue NE, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: Quorum-Laurelhurst, Inc.

$1,090,000
2421529 MLS ⋅ SOLD Status
The J & R Apartments is a 6-unit multifamily investment located at 22707 30th Ave S in Des Moines, Washington. Just minutes from I-5, Pacific Highway, and the soon-to-open Kent-Des Moines Light Rail Station, the property is ideally positioned to benefit from growing transit infrastructure and continued renter demand across South King County. Built in 1962, J & R Apartments features a desirable mix of large two-bedroom units, offering residents spacious living areas, full kitchens, and functional layouts. Several units have been updated over the past four years with refreshed flooring, kitchen upgrades, and appliance replacements. Others remain in more classic condition, creating opportunity for value through continued renovations.

22707 S 30th Avenue, Des Moines

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

$1,930,000
2417426 MLS ⋅ SOLD Status
Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 8.1%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.

711 21st Avenue, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: RSVP Brokers ERA.

$2,225,000
2406754 MLS ⋅ SOLD Status
The Nedra Apartments features 13 total units, 3 are fully renovated and 8 are partially renovated, buyer could choose to renovate the remaining 2 units & increase rental income. The Nedra offers efficient & sought after unit types in well maintained building, floorplans range from 550 to 800 sf & offer light value-add opportunity. 12 units are one-bedroom floorplans and a single 2-bed unit. The property is located in the Westwood neighborhood known for its multitude of schools, parks, & shopping, most notably Westwood Village, just half a mile away. Rarely vacant, tenants love the walkability of this location with coffee, retail, & public transportation steps from the building. Excellent on site and available street parking.

8849 35th Avenue SW, Seattle

Listing courtesy of Real Property Associates. Selling Office: Elev8 Residential LLC.

$2,550,000
2416448 MLS ⋅ SOLD Status
The Lanning, an 11-unit apartment in the heart of Capitol Hill. This well-maintained brick veneer building, built in 1910, offers spacious layouts 827 SF on avg, a rare find in a neighborhood known for compact apartments. The unit mix consists of 10 one-bedroom units and 1 two-bedroom unit, well-preserved hardwood floors, and in-unit w/d in 10 of the units. Steps from Broadway’s vibrant retail corridor, the Light Rail Station & SLU. Currently operating with below market rents, The Lanning presents a clear value-add opportunity. Whether repositioning as a bespoke high-end rental or realizing efficiencies as stabilized asset, The Lanning represents an unparalleled opportunity to own in one of Seattle’s most resilient and dynamic submarkets.

219 Belmont Avenue E, Seattle

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

$1,800,000
2414441 MLS ⋅ SOLD Status

311 12th Avenue E, Seattle

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

$1,920,000
2413752 MLS ⋅ SOLD Status
Introducing a prime multi-family investment opportunity in one of Seattle's most desirable areas. This property encompasses a 3,336 SF building featuring 5 well-maintained units, providing a strong foundation for substantial rental income. Built in 1971, this low-rise gem is strategically zoned LR3(M), offering potential for future development and growth. Enjoy the assurance of immediate returns with a 100% occupancy rate, making this an attractive prospect for a seasoned investor. Situated in the desirable Green Lake area, this property presents an excellent chance to capitalize on the enduring demand for multifamily residences in this bustling market. Don't miss the chance to add this high-performance asset to your portfolio.

508 NE 71st Street, Seattle

Listing courtesy of Capstone Commercial. Selling Office: Real Property Associates.

$1,589,000
2413358 MLS ⋅ ACTIVE Status
Prime 7-Unit Investment Opportunity Just 15 Minutes from Downtown Seattle. Located in a high-demand area, this fully occupied 7-unit property offers strong cash flow and excellent rental history. Zoned LR3, the site allows for a variety of redevelopment options. The next door property—also zoned LR3—is also listed for sale, creating the potential for a larger-scale development. All units have been tastefully updated, including kitchens, bathrooms, and flooring. Additional income is generated through coin-operated laundry on-site. A rare chance to invest or build in one of Seattle’s most strategic locations.

7410 Rainier Avenue S, Seattle

Listing courtesy of Torre Realty.

$1,600,000
2412632 MLS ⋅ SOLD Status
Professionally managed building with five spacious 3-bedroom, 2-bath units, offering functional layouts and in-unit laundry. All units have utility billback implemented for increased NOI. The property sits on a generous lot with plenty of parking. Centrally located between I-5 and I-405, tenants enjoy easy commutes and proximity to major job centers. Moments from Downtown Kenmore, UW Bothell, Lake Forest Park Town Center, Alderwood Mall, and the Woodinville Wine District. Rapidly appreciating submarket with high rental demand and low vacancy. Great opportunity for investors seeking stable cash flow and long-term upside. Priced below replacement cost and nearby 3 bed condos are priced around $500,000. Full due diligence package upon request.

19100 61st Avenue NE, Kenmore

Listing courtesy of Specialty Real Estate Group. Selling Office: COMPASS.

$2,100,000
2406370 MLS ⋅ SOLD Status
The Fountain Apartments – a turnkey investment opportunity in the heart of Greenwood. This well-maintained 8-unit property features significant capital improvements, including a new roof (within the last 5 years), updated common areas, and full interior renovations in 6 of the 8 units. The renovated units boast spacious layouts with luxury vinyl plank flooring, quartz countertops, undermount sinks, stainless steel appliances, modern bathroom vanities, and new bathtub/tile surrounds. Select units also include private decks. With minimal remaining value-add needed—just two units left to update—The Fountain presents an excellent opportunity to stabilize the asset at a projected cap rate of over 6.5%.

715 N 95th Street, Seattle

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

$4,675,000
2411654 MLS ⋅ SOLD Status
The Tiffany Apartments is a 22- unit multifamily asset located in the desirable Highland Park neighborhood of Renton, Washington. Just minutes from The Landing, Lake Washington, and major employment and retail hubs, Tiffany Apartments offers investors an attractive opportunity to acquire a well-located, updated asset with immediate rental upside potential. Originally constructed in 1979, Tiffany Apartments has undergone consistent renovations over the past eight years. The property features spacious units, with a majority over 900 square feet, each offering full kitchens, in-unit washers and dryers, and updated finishes.

1177 Harrington Avenue NE, Renton

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

$2,098,950
2410696 MLS ⋅ SOLD Status

612 Malden Avenue E, Seattle

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

$2,850,000
2409472 MLS ⋅ SOLD Status
We are pleased to present the 608 W Emerson Apartments, located along W Emerson St in North Queen Anne, walking distance from Seattle Pacific University. All units were upgraded in 2016, including updated kitchens with new finishes and fully upgraded bathrooms with modern fixtures and motion sensor fans. The property is being listed 100% vacant, providing an excellent opportunity to renovate all 10 units with modern finishes and achieve higher rents. It includes a laundry facility, balconies with views, 14 uncovered parking spaces, mature landscaping, and storage space. The asset stabilizes to a 7.42% cap on cost and a 9.42% cash on cash return at $2.875M ($287,500/unit; $376/SF).

608 W Emerson Street, Seattle

Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Northmarq Multifamily, LLC.

$999,950
2406259 MLS ⋅ SOLD Status
CALLING ALL INVESTORS! Don’t miss this incredible opportunity for a rare 6 plex to hit the market that has all conforming one level 2 bed 1 bath units AND attached 1 car garage for each unit! Large lot provides ample space for additional off street parking and there are 2 large grass areas to play, BBQ, hang out, etc! Many updates throughout that include fresh paint, kitchens, bathrooms, and grounds! Coin op laundry building on site for tenants and provides additional income! This property is conveniently located near PLU, freeway access, shopping, food, entertainment, and more! Hurry! Not many opportunities are available like this one so don’t let this slip away!

617 -619 140th Street S, Tacoma

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

$1,805,000
2394374 MLS ⋅ SOLD Status
7-unit multifamily property offering strong current income and long-term potential. Each spacious 2BD/1BA unit has been renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy in-unit laundry, private garages, and fully fenced private backyards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 6.8% cap rate with potential for income growth. Optional portfolio sale w/ nearby 8-unit MLS#2394373

802 21st Street SE, Auburn

Listing courtesy of COMPASS. Selling Office: ZNonMember-Office-MLS.

$2,070,000
2394373 MLS ⋅ SOLD Status
Turnkey 8-unit multifamily investment with strong returns and future upside. Each spacious 2BD/1BA unit has been extensively renovated with luxury vinyl plank flooring, stainless steel appliances, and updated fixtures. Major capital improvements—including new roofs, furnaces, and water heaters—eliminate deferred maintenance. Tenants enjoy private garages, in-unit laundry, and large shared fenced yards. Ideally located between Seattle and Tacoma, close to walkable schools, transit, and major employers. The Kent/Auburn submarket saw 95.3% occupancy in the Q1 2025 and is projected for effective rent increases of 4.2% through 2025. Offers a true 7.3% cap rate with potential for income growth. Optional portfolio sale w/ nearby 7-unit MLS#2394374

501 21st Street SE, Auburn

Listing courtesy of COMPASS. Selling Office: ZNonMember-Office-MLS.

$4,549,900
2403003 MLS ⋅ ACTIVE Status
Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.03% would be raised to 7.28%! DO NOT DISTURB TENANTS

219 5th Avenue NE, Puyallup

Listing courtesy of Lumin Brokers of Washington.

$1,550,000
2394815 MLS ⋅ SOLD Status
Is this your opportunity to own a nine unit Multi-Family complex? Anna's acres is a one of a kind, serene wooded setting with approximately 1/2 acre for each of the (Nine -3bed, 2bath) manufactured homes(Models range from 1994-2004) and one RV spot. All of the Units are owned by seller. Could you live for free and let the other units pay for the asset? Could you subdivide and sell off each home individually? Increase the rents for better profits. Check with the county to see viability of adding more homes, or could you at least add RV hookups at each manufactured home? The possibilities are endless on this one. Schedule an appointment to check it out, crunch the numbers, and don't let this one get away!

18525 Old Highway 99 SW Unit #1-3, Rochester

Listing courtesy of Windermere Centralia. Selling Office: Keller Williams South Sound.

$2,100,000
2400365 MLS ⋅ SOLD Status
Partially completed (75%) mixed-use apartment building located in the excellent community of Normandy Park. Normandy Park is one of the fastest growing suburbs in King County and is well-positioned for success with high rental demand and very little nearby new construction. Approx 2,596 SF of commercial space on the 1st floor that has been divided into 6 live-work units offering flexibility. The 2nd and 3rd floors are comprised of 6 large, condo-style residential units with a total of approx. 7,000 SF. The large 13,673 SF lot has 18 off-street parking stalls, two of which are ADA accessible. The flexibility and short timeline to finish a new product makes this a very unique and lucrative opportunity for the future owner.

18449 1st Avenue S, Normandy Park

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

$1,600,000
2397581 MLS ⋅ SOLD Status
5.61% In-Place Cap Rate | The Ballard Commons 5 was built in 1979 and features five large 925-square-foot, 2-bedroom, 2-bathroom apartments, each with a master bedroom and en-suite bathroom. Amenities include a shared coin-operated laundry room, 4 covered carport parking stalls, private balconies, and wood-burning fireplaces for all units. Apartments are heated by either electric baseboard or forced-air wall heaters, and the plumbing is copper. Ownership has made ongoing interior improvements, with units 2,4, and 5 featuring luxury vinyl plank flooring or new carpeting, updated cabinetry, modern kitchen appliances, and updated bathroom fixtures. Unit 4 is the owner's unit and is fully renovated.

2232 NW 58th Street, Seattle

Listing courtesy of Blake Investment Advisors. Selling Office: Westlake Associates, Inc..

$2,750,000
2397715 MLS ⋅ SOLD Status
Exceptional 10-unit townhome-style apartment building in a high-demand location - directly across from Seattle University & Swedish Hospital. 5 two-bed and 5 one-bed two-story units with a total of 11 parking spaces. Prime 7,675 SF corner lot with abundant natural light, upgraded double-pane windows, and fire sprinkler system. Walk Score 94—just steps to restaurants, transit, grocery, and light rail. Zoned LR3(M) with potential for additional units (buyer to verify). Significant income upside through utility billbacks, parking fees, and bringing under-market rents current. Current cap @3.95% and market cap @5.29%.

1402 E Cherry Street, Seattle

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

$2,750,000
2395652 MLS ⋅ SOLD Status
Back on Market - Significant Price Reduction of $500K for buyers to get a head start on the capital project needed. Gilman West, a 14-unit apartment in Seattle’s highly desirable West Queen Anne. Ideally located near Interbay retail (Whole Foods, Petco, QFC) and Queen Anne’s McGraw St amenities, the 1960-built asset includes six 1-bed and eight 2-bed units averaging 787 SF. With spacious layouts and strong natural light, Gilman West is well-positioned for a renovation strategy to boost rents. Significant upside exists through capital improvements like plumbing and drainage work which support deeper unit renovations and enhance both tenant experience and long-term returns.

2222 Gilman Drive W, Seattle

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

$3,925,000
2394255 MLS ⋅ SOLD Status
20 unit duplex community for sale in Thurston County. Exceptional investment opportunity with this well-maintained 5.59 acre property of 10 duplexes, each unit featuring 2 bds, 1 ba, and a one-car garage. Features newer roofs, a shared well, and central shared park space. Units are designed for comfort and low maintenance. Just minutes to Centralia and only 20 minutes from Tumwater, this property boasts easy access to I-5 for seamless commuting. Long-term tenants love the location, sense of community, and the generous space, ensuring consistent occupancy and reliable cash flow. Priced to deliver a strong 7% cap rate, this turnkey investment is a rare find. Opportunity knocks—secure this high-performing, income-generating property.

18304 Nutmeg Street SW, Rochester

Listing courtesy of Abbey Realty Inc. Selling Office: The Foundation Group LLC.

$940,000
2391945 MLS ⋅ SOLD Status
The Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacoma’s 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a boutique investment opportunity in one of Tacoma’s most walkable and transit-connected neighborhoods. Originally built in 1931, the property is well-positioned for a new owner to take advantage of immediate rental upside. The unit mix includes six one-bedroom units averaging 770 square feet and one studio unit at 300 square feet. Recent capital improvements include a new roof installed in 2021 and updated windows within the last four years.

801 Martin Luther King Jr. Way, Tacoma

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Keasy Property Management.

$2,000,000
2390679 MLS ⋅ ACTIVE Status
Portfolio of SEVEN 2 and 3 bed CONDO UNITS located at the well maintained + professionally managed Gilmanor Building, a premier Magnolia Community. Unique investment and perfect 1031 exch opportunity offers investors strong cash flow, stable rents in high appreciation zip code. Each unit is thoughtfully designed for comfort+ efficiency, ranging in size from 786-1081 sf. Units feature gas fireplaces, private balconies and newly renovated interiors. Building amenities include on-site laundry, intercom entry system, elevator, assigned parking spots and additional storage. Convenient location offers easy access to major employers, close proximity to Magnolia Village and Discovery Park. Walk Score of 77 and Bike Score of 62

4051 Gilman Avenue W, Seattle

Listing courtesy of John L. Scott, Inc.

$1,200,000
2389816 MLS ⋅ SOLD Status
Off Market Sale. New Construction 6 unit gate community with $7850/mth in rental income, as 12 year tax abatement at "land only" and a proven low-maintenance interior and sit design, Income is maximized AND turn-over is simple on these incredibly 1 bdrm/1bth units offering a full sized kitchen w/upgraded stainless appliances, a good sized bedroom w/ a large closet space, a living room, and a full size in unit washer & dryer. Each unit is designed to share only one floor/ceiling assembly for quieter units, to maximize privacy, and to provide the feel of a stand alone home. Each unit has a ductless mini-split heat pump for AC and heat.

1619 E 32nd St, Tacoma

Listing courtesy of Engel & Voelkers Chambers Bay. Selling Office: Engel & Voelkers Chambers Bay.

$1,710,000
2388415 MLS ⋅ SOLD Status
Whitman Apartments boasts a highly desirable unit mix of three 1-bed units, a 2-bedroom unit with a den, and a 3-bedroom/2-bathroom apartment, all averaging ±844 square feet. Residents enjoy decks or patios, ample closet space, dining areas, and five tandem parking spaces, of which four are covered, and which provide combined space for 10 vehicles. It is a turnkey property featuring a newer roof (±4 years old), updated dual-pane vinyl windows, and a freshly painted exterior. Its original systems include ITE electrical panels and copper plumbing supply lines, which can indicate a high-quality build in 1967. Residents enjoy a Walker’s Paradise walk score of 93. Profitable as is, but there remains a likely opportunity for ±10% income upside.

4456 Whitman Avenue N, Seattle

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

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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