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$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.

$925,000
2491971 MLS ACTIVE Status
Great investment opportunity in Federal Way. Well-maintained four-plex featuring four spacious 2-bedroom, 1-bath units, each offering 1,000 square feet of comfortable living space. Functional layouts, generous unit sizes, and consistent rental demand support strong long-term performance. Property currently offers a cap rate of over 6%, making it an attractive addition to an investment portfolio. Significant capital improvement completed with a new tile roof installed in 2022, providing durability and reducing future maintenance concerns. Conveniently located near major commuting routes, shopping, dining, and everyday amenities. Large unit sizes, solid income potential, and key updates make this a compelling multi-family investment opportunity in a strong rental market. Excellent opportunity for investors seeking stable cash flow and long-term value.

34120 1st Place S, Federal Way

Listing courtesy of Real Broker LLC.

$915,000
2532842 MLS ACTIVE Status
Exceptional investment opportunity located in Bellingham's waterfront Old Town District and the highly sought-after Lettered Streets neighborhood. This well-maintained fourplex features four 1-bedroom, 1-bath units, each offering views of Bellingham Bay. Ideally situated near downtown Bellingham, Western Washington University, the waterfront, shopping, dining, parks, and public transportation, this property benefits from strong rental demand and a highly convenient location. Features include a newer roof, a dedicated on-site parking lot with ample off-street parking, a community laundry room for tenant convenience, and a dedicated storage locker for each unit. Consistent occupancy and potential for future income growth through rent adjustments offer investors an opportunity to enhance returns over time. Multifamily opportunities in this location are rarely available. Combining bay views, walkability to the waterfront redevelopment district, and proximity to major employment, education, and recreation hubs, this property offers an attractive blend of stability and upside potential. Whether you're looking to expand an existing portfolio or acquire a quality multifamily asset in one of Bellingham's most desirable neighborhoods, this fourplex presents a compelling investment opportunity.

1408 G Street, Bellingham

Listing courtesy of Bellwether Real Estate.

$905,000
2531662 MLS ACTIVE Status
Price Improvement! Incredible value | Rental Duplex | Each unit features 3 bedrooms, 2.5 baths, and an attached 2-car garage | Phenomenal 6.03% CAP Rate. Fantastic opportunity to own a high-yield investment property in South Everett with opportunity for future rental upside. This well-maintained duplex offers stable rental income from long-term tenants in both units. Each unit features a highly desirable floor plan with a main-level primary suite, including a skylit ensuite bath, kitchen open to living and dining, and a skylit half-bath. The lower level includes two additional bedrooms, a full bath, a laundry closet, and direct access to the attached side-by-side 2-car garage. Low-maintenance and easy to manage, this property is ideally located near public transit, the public library, shopping, dining, schools, and other everyday amenities. Tenants are not aware of the sale. Please do not disturb tenants. Showings and inspection after mutual acceptance. Listing Broker is one of the Sellers.

9312 4th Avenue W Unit #A & B, Everett

Listing courtesy of WeLakeside.

$900,000
2524678 MLS ACTIVE Status
Classic craftsman meets 4 plex and a 3 car garage! Income property or redevelopment property....you choose. 4 units of 500 sq ft . 1 bed 1bath. Zoned RSL(M) Turn-Key Investment with Excellent Cash Flow. 2 units STR and 2 LTR. This historic 1901 Craftsman offers a rare, turn-key opportunity for savvy investors in the heart of Seattle’s South Park neighborhood. Well maintained and boasting a strong tenant history, this property is designed for immediate cash flow and long-term value. : Approximately 2,600 sq. ft. of interior space across a well-designed 4-unit layout. Craftsman charm with convenient location, featuring wood exterior finishes and a durable composition roof. Ample Parking: Rare for the area, this property includes 6 total parking spaces (3 covered and 3 uncovered). Currently cash-flowing with an excellent track record of high occupancy. Corner Lot Appeal: The property sits on a 6,000 sq. ft. corner lot with alley access, offering extra privacy.

1056 S Sullivan Street, Seattle

Listing courtesy of Lake & Company.

$899,999
2498531 MLS ACTIVE Status
Exceptional newer construction duplex with North Bay views in Allyn! Built in 2022, this thoughtfully designed 2-story duplex offers a rare investment or living opportunity with two identical mirrored units, each featuring a spacious open-concept layout, high ceilings, and durable vinyl plank flooring throughout. Each unit includes a beautifully appointed kitchen with an 8-foot quartz island, farmhouse sink, propane range, crown molding cabinetry, and soft-close cabinets, ideal for everyday living and entertaining. The primary suite offers a walk-in closet and an ensuite bath with soaking tub, oversized walk-in shower, and double sinks. Additional features include tankless on-demand water heaters, dedicated mudrooms, and two-car garages for each unit. Situated on a fully fenced 7,841 sq ft lot, the property offers peaceful North Bay territorial and partial water views. Conveniently located near Lakeland Village Golf Course and the Allyn waterfront. Investment highlights include projected gross rents of $67,080 annually, 6% vacancy estimate, and adjusted gross income of $63,055. Operating expenses approximately $6,585 annually with an estimated NOI of $56,470. At a list price of $989,000, this reflects an approximate 5.7% cap rate. Buyer to verify all information to their satisfaction.

21 E Sullivan Street, Allyn

Listing courtesy of RE/MAX Realty South.

$899,990
2526828 MLS ACTIVE Status
In-city Seattle multifamily rental with strong demand and long-term potential in the highly desirable 98144 / North Beacon Hill area. This property offers dependable rental income, a convenient location, and a clear path to future value through market rent alignment and strategic improvements. With a proven history of long-term tenants and low vacancy, it’s the kind of asset investors look for today, with room to grow. Easy access to downtown Seattle and major commuter routes makes it a smart addition to any portfolio or an excellent first multifamily purchase. This property with solid bones and a beautiful location offers a great opportunity for buyers ready to add value. With a little work and vision, this property has the potential to shine and deliver long-term returns.

1312 15th Avenue S, Seattle

Listing courtesy of KW Greater Seattle.

$899,950
2500500 MLS ACTIVE Status
Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation.

34214 1st Place S, Federal Way

Listing courtesy of RSVP Brokers ERA.

$899,000
2556471 MLS ACTIVE Status
Income-producing property with a vacant, move-in ready primary home — currently generating $4,100/month with potential to reach $7,100/month. This 2.1-acre corner property includes three independent structures: a 3-bed/3-bath primary residence, a leased 3-bed/2-bath ADU (985 Kendall Rd) with attached garage, and a leased workshop with detached garage. The primary home is vacant — move in and collect existing rent from day one or lease it at $3,000/month for $7,100/month total. Each home has its own septic system and electrical meter. The workshop has its own meter too. Property shares a private well. The primary residence features quartz countertops, new cabinetry, luxury vinyl plank floors, and recessed lighting. Two bedrooms have full en-suite bathrooms; one includes a stacked washer/dryer. The third bathroom has a brand-new ventless washer/dryer combo. All kitchen appliances are brand new. Detached 2-car garage, EV charger, RV hookup, patio with speakers, updated electrical and plumbing. The ADU (985 Kendall Rd) features vaulted ceilings, butcher block countertops, mini-split heating/cooling, shiplap accent walls, walk-in closet, attached garage, and RV hookup. Currently leased. The workshop and detached garage are leased with a dedicated electrical meter — adaptable for industrial, creative, or storage use. Mountain views, starry skies, minutes from Downtown Sequim, Hwy 101, and the Olympic Discovery Trail.

11 Stone Road, Sequim

Listing courtesy of Real Property Associates.

$899,000
2539221 MLS ACTIVE Status
HAPPY VALLEY TRIPLEX with ADDITIONAL DEVELOPMENT POTENTIAL! Premium location and a massive 7500 square foot lot make this truly an exceptional opportunity. Nestled between Wilson Ave. and Cowgill Ave. with access off both parallel streets. From Wilson, you have two apartments each with a one-car attached garage. The units feature 2 bedrooms, 1 full bath, open kitchen / living room layout, spacious bedrooms, closets off the hall and in-bathroom, and a slider out to a deck to BBQ or lounge in the beautiful PNW weather. Each unit also has a full size washer/dryer in their extra deep 1-car attached garages. Both units have 1 year leases recently re-signed at $1750 and $1850/mo. On the backside of the property, accessed from Cowgill Ave, you have an oversized 1008 sq. ft. studio apartment with a full kitchen, full size washer/dryer, massive living room and extra-large sleeping / storage / lounge space. The extra large parking area / yard accessed off Cowgill Ave. has the potential to hold additional units (Buyer to verify with COB), giving this property considerable upside opportunity in the years ahead. In the attendance areas of Lowell Elementary, Fairhaven Middle School and Sehome High School. Blocks to Fairhaven Village and its countless shops, restaurants, parks and entertainment. Continue collecting rents, or plan to house-hack while South Side real estate prices continue their steady climb.

1810 Wilson Avenue, Bellingham

Listing courtesy of COMPASS.

$899,000
2534485 MLS ACTIVE Status
AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a turn-key tri-plex in Lynnwood. Strong portfolio starter, addition or opportunity to live in one unit while renting the others! Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint. Conveniently located and just minutes to I5, Shopping, Lakes, Trails, Restaurants, Schools and more! Just a block from the upcoming Ash Way Light Rail Station making for an easy commute either direction along with Very Favorable Zoning!

2118 160th Place SW, Lynnwood

Listing courtesy of COMPASS.

$897,750
2543191 MLS ACTIVE Status
Versatile multi-unit property in a prime location offering exceptional flexibility & income potential. Ideal for multi-generational living, investment, or Airbnb opportunities, this home features separate entrances & thoughtfully designed spaces on both levels. Main level includes 3 bed/2 baths, a full kitchen with new countertops, dining area, & a spacious living room, plus access to a private deck & inviting outdoor space. Lower level offers its own eat-in kitchen, comfortable living room, 2 bed/1 bath—perfect for guests, extended living, or rental use—along with private deck/yard access & in-unit laundry. Upgrades include a newer roof, fresh exterior/interior paint, deck, carpet, lighting &remodeled bathrooms. Landscaped yard, multiple outdoor living areas, & ample off-street parking enhance both comfort & convenience. Rare opportunity to own a move-in-ready property with built-in flexibility & strong income potential.

3519 NE 95th Street, Seattle

Listing courtesy of Real Property Associates.

$895,000
2567184 MLS ACTIVE Status
Attention Investors: 2 updated ramblers on a large lot with views of Halls Lake; each separate house has two bedrooms with full bathrooms. For over 25 years this property has been a wildly successful investment; and now even more with close proximiety to Link light rail. Zoned RMM - Medium Density Multi-Family. Options: rent both, live in one/lease the other or build a potential multi-unit complex? The first house, 5700: is 768 sf featuring two bedrooms and one full bathroom with a woodstove fireplace, deck overlooking the lake, plus fully fenced yard and shed. The 2nd upper house, 5702: is 696 sf with two bedroom and a one full bathroom with another half bath. Total square footage for both is 1,464 and the lot size is 16,553. Everything is updated -- these include: new kitchen quartz coutertops and cabinets, LVP flooring, fixtures, bathrooms, roofs, lawns, painting, fencing and driveway. Why buy one home when two are available for sale? Welcome to Halls Lake, an amazing opportunity.

5700 212th Street SW, Mountlake Terrace

Listing courtesy of Pacific Northwest Realty.

$895,000
2567010 MLS ACTIVE Status
Turnkey fourplex offering strong rental potential in the well-established Campus View community. All four two-bedroom, one-bath residences feature comfortable, functional floor plans with fireplaces, private balconies or patios, and the convenience of in-unit washers and dryers. Each unit includes a reserved covered parking space, plus guest parking for visitors.Professional on-site management simplifies ownership by handling the day-to-day operations, making this an attractive opportunity for both experienced investors and those entering the multifamily market. Ideally situated near shopping, restaurants, parks, and major commuter routes including I-5, Highway 99, and Highway 18, this property offers a desirable location that appeals to tenants. A quality investment with stable income potential in a convenient South King County location.

177 S 340th Street, Federal Way

Listing courtesy of Windermere RE/Capitol Hill,Inc.

$895,000
2555321 MLS ACTIVE Status
Live in one unit while the other helps pay the mortgage. This duplex on 1.31 acres offers a rare opportunity for owner-occupants or investors. Unit 2 is vacant & ready for immediate occupancy or leasing, while Unit 1 is tenant occupied, providing income from day one. Combined rental potential is approx. $4,900/mo. Unit 1 offers 2 bed, 1.5 bath, 1,018 SF, private fenced yard, wood-burning fireplace, stone counters & kitchen appliances included. Unit 2 features 3 bed, 1.5 bath, 1,330 SF, attached 1-car garage, engineered wood floors, heat pump for A/C, upgraded bath vanity, stone counters, large patio, fenced yard, utility sink & extra refrigerator. Both units include wood-burning fireplaces, laundry, & are set up for central vac. Situated on a 57,064 SF (1.31-acre) lot near Snohomish Golf Course with no HOA & located in the Snohomish School District. A versatile property with immediate income, owner-occupant flexibility & room to grow.

8115 145th Drive SE, Snohomish

Listing courtesy of RE/MAX Elite.

$889,000
2535257 MLS ACTIVE Status
Exceptional opportunity to own a 4-plex in a high-demand rental area. This proven income-producing property is an ideal addition to any investment portfolio or a great option for an owner-occupant seeking supplemental rental income. All four units are consistently occupied and thoughtfully designed with 2 bedrooms, 1 bathroom, and private decks for added outdoor living space. Durable vinyl siding offers low-maintenance ownership while maintaining attractive curb appeal. Conveniently located near schools, parks, employment centers, shopping, and everyday amenities, this property continues to attract long-term tenants. A rare chance to secure a stable, cash-flowing multi-family investment with strong long-term potential!

2340 Main Street, Ferndale

Listing courtesy of Terrafin.

$889,000
2518086 MLS ACTIVE Status
Come see this beautifully remodeled duplex ideally located just steps from the beach, offering stunning southwest-facing ocean views. Each spacious unit features 4 bedrooms, 2 bathrooms, a full kitchen, and in-unit laundry, making it perfect for both comfortable living and strong rental potential. The property is fully updated and truly move-in ready, allowing for immediate use or income generation.Situated just minutes from the popular Seabrook community and its shops, dining, and amenities, this property is perfectly positioned for a successful Airbnb or short-term rental investment. Guests will love the proximity to the beach and the convenience of nearby attractions.The opportunity doesn’t stop there, this property offers incredible upside potential. With ample space, you could explore building additional duplexes, converting the existing structure into a fourplex, or utilizing the existing sewer stub for RV parking or additional income streams. Whether you’re looking to expand your portfolio or create a long-term coastal retreat, this property presents multiple avenues for growth.Don’t miss this rare opportunity to own a versatile, income-producing property on the Washington coast with both immediate cash flow potential and future development possibilities.

42 N First Street, Pacific Beach

Listing courtesy of Premier Real Estate Partners.

$879,900
2540485 MLS ACTIVE Status
Versatile property offering a well-maintained duplex and expansive shop on nearly one acre in Centralia. Each single-story unit features 2 bedrooms, 2 bathrooms, updated windows, all appliances, separate septic systems, and individual power meters. The impressive 30' x 48' shop with a 24' x 36' extension is separately metered and equipped with two 14-foot doors, two 12-foot doors, and one 8-foot door, providing flexibility for storage, workspace, equipment, vehicles, RVs, or other permitted uses. Attractive landscaping, a partially fenced yard, and independent utilities enhance the functionality of this unique property. Whether seeking multi-unit housing, additional space for business or hobby needs, or future rental opportunities, this property offers a variety of potential uses in a peaceful Centralia setting.

2623 Sandra Avenue, Centralia

Listing courtesy of Dove Realty, Inc..

$879,000
2499387 MLS ACTIVE Status
Lender-Paid 1-0 Temporary Buydown available with Preferred Lender on a Conventional Loan! Whether you're looking to offset your mortgage by living in one unit or expand your investment portfolio, this University Place duplex delivers exceptional flexibility. Vacant Unit B is ready for immediate occupancy or leasing, while spacious layouts, attached garages, and a private setting create a lifestyle rarely found in multifamily properties. Recent improvements include exterior paint, a newer furnace, and water heater for added peace of mind. Seller is offering a $4,000 credit at closing as an added incentive for the next owner. Conveniently located just minutes from UP Town Center, Chambers Bay, parks, shopping, dining, Tacoma, and JBLM, this is a unique opportunity to own in one of the area's most desirable communities.

3023 Bridgeport Way W Unit #B, University Place

Listing courtesy of Hawkins Poe.

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