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$975,000
2541333 MLS ACTIVE Status
Beautifully Maintained Duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include one fully renovated unit with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.

1911 -1915 Willow Lane W, University Place

Listing courtesy of Keller Williams Rty Tacoma.

$975,000
2539840 MLS ACTIVE Status
Looking for a great investment? This super clean 4 plex is just what you've been waiting for. Each unit has 2 bedrooms and 1 bath, good size living area and dining area. All units are in great shape and the roof is only a few months old! All remodeled inside and out several years ago, but they are still looking like new. Quartz countertops, stainless appliances and white cabinets. Each unit has a patio or deck and small storage unit. Laundry room on each floor, lot's of parking, huge lot, partial fenced. Close to schools, shopping, restaurants, bus, Spanaway Lake and JBLM. Great location! If your looking to build your portfolio, come take a look. Ask your Realtor to see the supplements page attached to listing!

122 169th Street E, Spanaway

Listing courtesy of John L. Scott, Inc.

$975,000
2519144 MLS ACTIVE Status
First time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket. Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand. Priced at $262,500 per unit — bring your buyers.

2258 14th Avenue W, Seattle

Listing courtesy of Westlake Associates, Inc..

$975,000
2514381 MLS ACTIVE Status
NEW PRICE! Exceptional investment opportunity featuring a 4-plex in a heart of Auburn w/ all identical 2-bedroom, 1-bath units—two upper units with decks and two lower units with patios and Large backyards! Each unit includes in-unit washer/dryer, dishwasher, and a cozy living room with fireplace. Recent updates include Fresh Exterior Paint and new Perimeter Fencing. Unit A has been recently updated, ideal for a new tenant or owner-occupant looking to House Hack! Each unit has a dedicated covered carport spot, plus two additional surface spaces, street parking, and a gravel area that can be turned into more parking (Buyer to verify). Three units are occupied by long-term tenants with below-market rents, offering clear potential for increased cash flow! Convenient Downtown Auburn location close to amenities. Add to your portfolio or start a new one! Sale subject to tenant rights.

2810 D Place SE, Auburn

Listing courtesy of Pellego, Inc..

$969,000
2563529 MLS ACTIVE Status
New Price! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income. A flexible asset with the ability to immediately owner-occupy, or use as a long-term hold with good cashflow + additional upside potential through operational improvements.

15328 40th Avenue W, Lynnwood

Listing courtesy of Windermere Real Estate Co..

$969,000
2551090 MLS ACTIVE Status
Classic Phinney Ridge triplex in one of Seattle's most sought-after neighborhoods. Perched above the street just one block from the vibrant Phinney/Greenwood business district, this well-maintained 1918 Craftsman features three 1-bedroom, 1-bath apartments, each with a private entrance, full kitchen, in-unit laundry, separately metered electricity, and tenants pay all utilities. Major capital improvements include updated plumbing & electrical, electrical panels, windows, French drain, mini-split heating & cooling in the two main-level units, and renovated bathrooms. Outstanding walkability to neighborhood restaurants, coffee shops, Woodland Park Zoo, Green Lake, Ballard, Fremont, and public transit. Rare opportunity to own a classic Seattle investment property in an exceptional location.

303 N 64th Street, Seattle

Listing courtesy of Real Broker LLC.

$959,000
2546620 MLS ACTIVE Status
LOOKING FOR SMALL BUSINESS SPACE ALONG WITH RENTALS? Rare INCOME PRODUCING Compound on nearly 6 Private Acres 3 INDIVIDUAL HOMES and extensive workshop space set up with BODY SHOP on one side and PAINT BOOTH on the other. Piped for air throughout, and includes compressor, water trap regulators and exhaust fans... - Live here, work here, and have tenant income to help pay the mortgage! Main House UNIT #1: 2478 sq ft - Equipped with a high-efficiency heat pump for year-round comfort & spacious living areas to stretch out in UNIT #2: 1344 Square Feet is independent country living with modern touches - features easy-care flooring throughout this comfortable mobile home with an electric furnace & a bonus woodstove for efficient rustic warmth UNIT #3 is the ultimate workshop hub offering a massive 3360 square foot shop with ample room for tools, hobbies, and classic cars. The one bedroom attached home has a charming interior finished with durable ceramic tile and engineered hardwood flooring, a cozy woodstove & an energy efficient heatpump. Hard to beat this versatile living arrangement: Perfect for extended living, guests, or income-producing rentals. PLUS a 2-Bay Machine Shed ready for your tractors, boats, vehicles, or heavy equipment - Freeze-proof faucets installed across the property for worry-free winters & a private well system equipped with a dedicated water treatment system. Come see it today

6144 Waldrick Road SE, Tenino

Listing courtesy of Realty One Group Bold.

$950,000
2570901 MLS ACTIVE Status
Spacious 5 bed / 2 bath Home on 13 Acres along the Wishkah River! This remarkable property offers serene privacy, Detached 4 Car Garage, Greenhouse, Chicken Coop and your very own pond; plus approximately 900+ feet of waterfrontage. Ideal for outdoor enthusiasts or have your own mini-farm. The expansive 3872 sq.ft. home spans two levels, offering flexible living with multiple cozy gathering spaces. Large vaulted ceilings with warm wood beams, an inviting kitchen with plenty of prep space which opens toward the dining room and a covered deck, perfect for entertaining. All the bedrooms are sized generously. Detached ADU on the property, makes for a great rental or MIL home. Discover the perfect blend of rural tranquility and comfort—this is where your dream lifestyle begins!

20 James Drive, Aberdeen

Listing courtesy of Realty One Group Pacifica.

$950,000
2567063 MLS ACTIVE Status
Turn-Key Ballard Investment Opportunity! Savvy investors, take note! Located in a desirable, high-demand rental pocket, this property offers an ideal blend of stability and immediate upside. The main-floor unit is extensively updated with a new kitchen & modern, durable vinyl flooring with a reliable month-to-month tenants who intend to stay. The two lower-level units are vacant and freshly renovated with newer kitchens, new carpet, paint, vinyl flooring and water heater – ready for immediate occupancy. Capital expenditures have been minimized with the 2025 investments in a new re-lined sewer to the City main, exterior paint & new water heaters. All units feature washer/dryer hookups. Property includes a large backyard and a mini-garage for storage. The location is close to transit, parks and local neighborhood amenities.

6110 8th Avenue NW, Seattle

Listing courtesy of Coldwell Banker Bain.

$950,000
2555926 MLS ACTIVE Status
Prime Investment Opportunity: 6-Plex Cash Cow in Roy, WA! Discover steady income and exceptional value with this 6-unit apartment building features six 2-bedroom, 1-bathroom units on a generous ~1.19-acre lot. Tenants enjoy off-street parking, shared laundry, water/garbage inclusions, and easy maintenance. Current rents hover in the $1,300–$1,375 range, with strong occupancy potential. -Proven Performer with Strong Returns -Annual Gross Income: Nearly $100,000 -Cap Rate: 8.4% — outstanding for the area -Reliable rental demand from military personnel. Why Investors Love This Asset -Stable Cash Flow: A true "cash cow" with predictable income and low vacancy risk. -Value-Add Potential: Acreage allows for additional parking, storage, or enhancements. -Appreciation Upside: Proximity to JBLM and regional growth supports long-term gains. -Simple Management: Compact 6-unit layout on one site. Perfect for hands-on investors or those expanding their portfolio with multi-family properties. This is a rare chance to own a performing asset in a military-driven market with built-in equity and strong yields.Don't miss this income-generating gem. Contact us today for details, financials, or a private showing.

9112 336th Street S, Roy

Listing courtesy of Abbey Realty Inc.

$950,000
2537499 MLS ACTIVE Status
Updated and maintained duplex offers great investment opportunity in fantastic Silver Lake location! Strong fundamentals. Reliable income. Zero heavy lifting. Mirrored units feature 3 bedrooms, 2.5 bathrooms and over 1300+ sq ft each. Sunny living and dining room, with private deck, and roomy kitchen with tons of storage. Primary bedroom suite features vaulted ceilings, walk-in closet and private bathroom. Attached garage parking for each unit! Each unit metered separately (water/sewer/gas/electric) and tenants cover all utilities. Professionally managed and well maintained for peace of mind. Convenient location near Mill Creek, commuter routes, parks, schools and Paine Field Airport. Reliable tenants. Turnkey investment is waiting for you!

12915 14th Drive SE, Everett

Listing courtesy of Windermere R.E. Shoreline.

$950,000
2515196 MLS ACTIVE Status
Meticulously maintained duplex in Puyallup offering a rare investment opportunity with an estimated 5.5% cap rate. Ideal for owner-occupants or investors—live in one unit and generate income from the other, or lease both and expand your portfolio. Built in 2019, this rambler-style duplex sits on over ½ acre at the end of a quiet dead-end street, providing privacy with minimal traffic. Each unit features 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft, along with attached 2-car garages. Thoughtfully designed with modern finishes, including LVP flooring, quartz countertops, stainless steel appliances, ductless mini-split systems, and in-unit washer/dryer. The primary suites include walk-in closets and double vanity sinks, offering both comfort and functionality. A detached shop/garage adds flexibility for additional income, storage, or workspace. Strong rental appeal—one unit already leased (secured within 24 hours)—making this a turnkey opportunity. Additional highlights include ample parking, RV parking with power hookup, and optional rental income from the detached garage. Bonus opportunity: The property is equipped with an additional 200-amp power service, originally planned for an ADU—offering future development potential for added value or income. Conveniently located just minutes from Costco, major freeways, shopping, and dining, this property combines seclusion, modern living, and income potential in one exceptional package.

12926 78th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$950,000
2511533 MLS ACTIVE Status
Four-plex! Located in Tacoma’s desirable North End, this property sits in a well established residential area known for its classic architecture, tree lined streets, and close proximity to local parks, schools, and everyday amenities. The neighborhood features a mix of historic and updated homes built between the late 1800s and early 2000s, contributing to its charming and timeless character. Nearby, residents enjoy access to shopping, dining, and recreation throughout the North End community. Unit one on the main floor has two bedrooms, one bath, a large living room and a bright and cheerful eat-in kitchen. Unit one has easy access to the fully-fenced backyard, four yard storage units and alley parking for 2 cars. Unit two is upstairs to the right, a one bedroom, one bath apartment, ready for some minor touchups. Unit three is also upstairs, another one bedroom, one full bath apartment with an open kitchen and living room. The fourth unit is a two story ADU with a separate entrance from the alley, one bedroom, and one bathroom, the kitchen has tons of storage, the in-unit laundry is on the main floor and the lofted bedroom upstairs makes for a cute and flexible unit. The main house basement is semi-finished, with laundry and storage or studio space. Two of the units are rented by long-term tenants who wish to continue their leases.

612 N Oakes Street, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$950,000
2503231 MLS ACTIVE Status
We are pleased to present D Place Apartments, a well-maintained MF asset located in Auburn, WA. Built in 1981 and recently updated, this 4-Plex features 2-BD/1-BTH units, each 960SF with full sized W/D. The property offers a compelling investment opportunity with immediate cash flow and additional upside through rent growth. It is situated on a corner lot with great street visibility for signage and rentability. 3/4 units have undergone interior renovations, including SS appliances, L VP flooring, etc. Each unit also includes a private patio or balcony and a fireplace. A new roof was installed in 2017. This is a rare chance to acquire a stabilized property with additional upside potential - rents are estimated to be 10% below market.

3842 D Place SE, Auburn

Listing courtesy of Northmarq Multifamily, LLC.

$950,000
2497615 MLS ACTIVE Status
Outrageous cash-flow opportunity in a prime Hilltop location near the light rail and hospitals! This fully furnished 4-plex offers 2,360 square feet of living space, delivering exceptional income potential. The property features two 2-bedroom units and two 1-bedroom units, all recently updated for modern appeal. The 1-bedroom units each feature en-suite layouts, and one unit even enjoys a rare peekaboo view of Mount Rainier. Major capital improvements have already been completed in the last few years, including roof, sewer, partial plumbing and electrical, and heaters. Additional features include shared washer/dryer, ample basement storage, and strong upside potential. With below-market rents, there is clear room for increased income. The flexible setup creates endless possibilities: continue as furnished rentals, explore short-term rental potential where permitted, and/or owner-occupy while generating strong rental income. Conveniently located with easy access to downtown, major commute routes, and light rail. Add this high-performing income property to your portfolio today.

901 S Grant Avenue, Tacoma

Listing courtesy of Keller Williams Rlty Bellevue.

$949,997
2567793 MLS ACTIVE Status
Rare opportunity in one of the area’s most sought-after locations—and an exceptional value for the size, versatility and additional living space! Just steps from popular restaurants, shopping, parks and everyday conveniences, this unique property offers outstanding square footage and flexibility at an attractive price point. Continue maximizing rental income or convert it into a stunning luxury single-family residence. Currently configured as a duplex-style home with separate entrances, plus a beautifully finished garage conversion featuring 1 bedroom, a full kitchen and bath that previously rented for $1,500/month, adding valuable living space and income potential rarely found in comparable properties. The property offers 7 bedrooms, 3 bathrooms, and laundry hookups for each living space. Seller reports individual bedrooms rented for approximately $1,000/month each, with the largest room commanding a premium, plus $1,500/month for the garage conversion, generating approximately $7,500/month in gross rental income. Previous owner also successfully lived in one portion while renting the remainder. Major updates include a newer roof and siding installed approximately one year ago. Buyer to verify all uses~

38181 SE Northern Street, Snoqualmie

Listing courtesy of RE/MAX Equity Group.

$949,900
2550856 MLS ACTIVE Status
Well-located mixed-use investment opportunity in Tacoma’s highly desirable 6th Avenue District. The property consists of two residential apartment units, two street-level retail spaces, and a large secured storage area with alley access, offering multiple income streams and flexibility for an owner/user or value-add investor. One retail space of approximately 750 SF is currently available, providing upside through lease-up or owner occupancy.Situated along one of Tacoma’s most vibrant commercial corridors, the property is surrounded by popular restaurants, coffee shops, live music venues, boutique retail, and professional services. Its close proximity to the 97-acre University of Puget Sound campus supports strong and consistent demand from students, faculty, and neighborhood residents. Zoned NCX, the asset benefits from favorable mixed-use zoning in a walkable, high-traffic location with long-term appreciation potential.

3825 6th Ave, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$949,900
2547079 MLS ACTIVE Status
Turnkey owner-occupied investment opportunity. Live in the beautifully maintained 3-bedroom main residence while generating income from the permitted 2-bedroom, 1-bath ADU, or utilize both residences for multigenerational living. The detached ADU features its own entrance, private sauna, full kitchen, living area, and strong rental potential. The main home showcases vaulted ceilings, open-concept living, and quality craftsmanship, while the 1.47-acre property offers a heated in-ground pool, oversized 3-car garage, covered RV parking, abundant off-street parking, and privacy just minutes from Wenatchee. The ADU was intentionally not rented in 2026, so financials do not represent current market rental potential. Rare opportunity to own a versatile, income-producing property with exceptional lifestyle amenities.

134 Thorburn Lane, Malaga

Listing courtesy of RE/MAX Advantage.

$949,000
2535378 MLS ACTIVE Status
Completely updated in 2021. This 4-bedroom home lives like a 5 bedroom in a highly sought-after Puyallup neighborhood, featuring stunning Mt. Rainier views! The main level offers 3 bedrooms, a full bath, and a spacious open-concept kitchen with granite countertops, abundant cabinetry, and seamless flow into the large living and dining areas. Cozy up to the propane fireplace or enjoy entertaining in the bright, functional layout. Attached 1-car garage offers added convenience.The lower level has its own separate entrance and functions perfectly as an ADU or multi-generational living space. It includes 1 bedroom, a full bath, large kitchen area, spacious living room with propane fireplace, and an office that could serve as a second bedroom. Step outside and enjoy the full-length covered patio, perfect for year-round entertaining. Impressive 24' x 30' detached shop that is insulated and sheetrocked, complete with an 8-foot-deep storage area accessible from the outside of the shop. RV parking. Covered metal building to store all the toys and equipment. This versatile property offers endless possibilities for extended living, rental income, hobbies, or home-based business needs. Added development potential with a conceptual preliminary short plat already completed. 5 bedroom septic design and soil logs have been finished, and the county has provided preliminary approval for either a duplex lot or single-family building lot. Seller will pay buyers side of title and escrow.

11605 67th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$945,000
2518454 MLS ACTIVE Status
Rare and versatile opportunity in the highly desirable Ballard / West Woodland neighborhood. This well-located triplex at 4903 3rd Ave NW offers a unique combination of immediate rental income and future flexibility. The property currently operates as a triplex but presents a rare and relatively straightforward opportunity to convert the structure back into a spacious single-family residence if desired. The building’s layout and single-structure configuration make it well suited for a buyer looking to reimagine the property as a large custom home, while still maintaining the option to generate rental income in the meantime. For investors, the existing units provide steady income potential in one of Seattle’s strongest rental markets. For owner-occupants or builders, the property offers the chance to create a substantial single-family home in a premier neighborhood without starting from the ground up. Ideally located just minutes from Ballard, Fremont, Green Lake, and Woodland Park, with easy access to shops, restaurants, parks, and major commuter routes. Opportunities like this—combining location, income potential, and future conversion flexibility—are increasingly rare in this sought-after Seattle neighborhood. A truly flexible property with long-term upside for investors, developers, or homeowners looking to create their dream residence.

4903 3rd Avenue NW, Seattle

Listing courtesy of Synergy Mrgrs & Acq. LLC.

$938,000
2393797 MLS ACTIVE Status
The intersection of First Hill and Cherry Hill, steps from Seattle University, this contemporary 2bed/2bath townhouse offers urban living at its finest—plus a fully equipped studio ADU with private entrance, perfect for tenants, guests, or home office use. Offered by the original builder, this light-filled home features sleek modern finishes and a rooftop deck with panoramic city and mountain views. The attached ground-level ADU includes its own kitchen, bathroom, washer/dryer, and separate entrance. Easy access to downtown, hospitals, tech hubs & transit—plus the best of Capitol Hill’s dining, parks & nightlife just blocks away. Whether you're looking to live stylishly, invest smartly, or both, this home delivers. Short term rental history

1300 E Remington Court Unit #A, Seattle

Listing courtesy of Berkshire Hathaway HS NW.

$930,000
2543065 MLS ACTIVE Status
Turnkey opportunity in a prime Kent location! This newly renovated property offers exceptional flexibility for both homeowners and investors. Featuring two spacious 3-bedroom, 2-bath units, with Unit A offering 1,160 sq ft and Unit B offering 1,340 sq ft. Each unit includes its own private 220 sq ft garage and ample additional parking. Live in one unit and rent the other, create a multigenerational living setup, or explore income-producing opportunities. Each unit rented for $2,300/month prior to renovation, offering strong investment potential. Conveniently located across from the YMCA with easy access to shopping, dining, schools, parks, and commuter routes. No HOA and endless possibilities await!

11005 SE 248th Street, Kent

Listing courtesy of Pure Real Estate.

$925,000
2553269 MLS ACTIVE Status
Buy One Get One Free! Joy of ownership shines through on this shy one acre estate. The path through the fully fenced, manicured front yard leads to the front door of a well-thought-out, single-story, four-bedroom home. The kitchen is the heart of the home and the view from the kitchen window levels out to a peaceful, park like setting. Escape through the slider to a spacious patio. Ideal for early morning coffees or summer get togethers. The middle of the property features a 3 Bay shop/garage with a bonus room for tools and work benches. Near the back of the property lies an 800 sq ft, 2 bed/2 bath ADU (1996 Redmond 29x38 1014 sqft) Plus the porch has 50 sqft of nonliving space. Privacy abounds, offering views of pastoral fields towards the east. Included with the property are two well maintained storage sheds and two carports. Just 3 minutes from i-5 at Grandview Rd. From there, a quick drive to Canada or Bellingham.

7380 Woodland Road, Ferndale

Listing courtesy of Best Choice Realty LLC.

$925,000
2547346 MLS ACTIVE Status
Rare investment opportunity on over 1 acre with Puyallup River frontage and a strong rental history. This income-producing property features a duplex plus a detached unit, offering three separate rental opportunities on one parcel. Each side of the duplex provides 1388 square feet with 2 bedrooms, a bonus room, 2 bathrooms, attached garage, private fenced backyard, and deck for outdoor enjoyment. The detached 672 square foot unit includes a 2-car garage, creating additional flexibility for rental income or owner occupancy. Recent improvements of over $100k include replacement of all plumbing within the duplex, helping reduce future maintenance concerns. The spacious lot offers a desirable riverfront setting with direct bank access and room to enjoy the natural surroundings. Tenants appreciate the privacy afforded by separate outdoor spaces and the convenience of individual garages. Ideally located with quick access to SR-512 and SR-167, this property provides convenient commuting options while maintaining a peaceful setting. Whether you're looking to expand your investment portfolio, pursue a house-hacking opportunity, or acquire a multi-unit property with established income, this offering presents exceptional potential. Buyer/buyer agent to verify all information to own satisfaction. Appointment Required. DO NOT DISTURB TENANTS.

6808 112th Avenue E, Puyallup

Listing courtesy of John L. Scott/Yelm.

$925,000
2515447 MLS ACTIVE Status
A rare investment opportunity on South Whidbey--this fully occupied 4-plex offers immediate cash flow and long-term upside in one of the areas most convenient locations. Just minutes from the Clinton Ferry and steps from the bus line, the property attracts commuters and locals alike, keeping demand strong year-round. All four units are leased to reliable tenants and professionally managed by Windermere Property Management (management fees not included in current expenses). Rents are currently below market, leaving meaningful room for growth as a new owner brings units to market rate over time. Set on a generous 1.15 acres, the property offers ample parking and yard space for tenants to enjoy. The large grassy area adjacent to the parking serves as the drainfield, with additional offsite drainfield capacity supporting the commercial building across the street. Whether you're expanding a portfolio or stepping into your first multi-family investment, this is a turnkey property with stable income, built-in upside, and a location that consistently performs.

6305 Bob Galbreath Road, Clinton

Listing courtesy of Windermere RE/South Whidbey.

$925,000
2503470 MLS ACTIVE Status
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.

807 N 49th Street, Seattle

Listing courtesy of Blake Investment Advisors.

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