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$2,949,950
2535283 MLS ⋅ ACTIVE Status
Turnkey multifamily investment opportunity in Port Angeles — 14 units across two tax parcels, 100% leased with zero vacancies, delivering immediate cash flow from day one. The 12-unit apartment building has had 8 of the units fully refreshed throughout, updated and move-in ready. A brand new roof was installed in 2024, protecting your investment from day one. A second parcel adds a single-family home and single-wide manufactured home, rounding out a diversified income portfolio. Several units are currently below market rent, offering strong upside potential through natural turnover — ideal for investors seeking a value-add play or 1031 exchange opportunity. The second parcel also carries potential for up to 7 additional units, subject to buyer verification with Clallam County, making this a compelling development opportunity in a supply-constrained market. Located in the heart of Port Angeles — gateway to Olympic National Park, minutes from the Strait of Juan de Fuca waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow.

2938 E Walnut Street, Port Angeles

Listing courtesy of Ideal Real Estate.

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

1818 Harvard Avenue, Seattle

Listing courtesy of Congress Realty.

$2,850,000
2551532 MLS ⋅ ACTIVE Status
12-unit apartment complex (3 fourplexes) in the tight-knit border community of Sumas! Located directly adjacent to Sumas Elementary School in a quiet part of town, but only blocks away from eating and retail establishments on State Route 9, and minutes from the US/Canada border crossing. Units are 3-bed/2.5-bath with fully equipped kitchens, washer/dryer, vinyl and carpeted floors, and outdoor patio. Plenty of on-site parking for tenants. Professionally managed since being built in 2019 with a strong rental history.

404 Front Street, Sumas

Listing courtesy of Muljat Group.

$2,800,000
2564376 MLS ⋅ ACTIVE Status
The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).

800 Harrison Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,800,000
2550353 MLS ⋅ ACTIVE Status
We are pleased to present the Cremona Apartments, an 11unit apartment community built in 1961, offered to the market fully vacant at closing. This rare delivery provides investors and owner-occupants alike the immediate ability to lease all units at current market rents, pursue targeted renovations, or both with no displacement concerns and no inherited lease obligations. The building offers a well-rounded unit mix of one studio, six one-bedrooms, one one-bedroom plus den, and three two-bedrooms, set on a quiet residential street with six surface parking spaces. The common area, which houses individual storage units and a shared laundry hookup, is generously proportioned and may present an opportunity to incorporate into the adjacent studio unit as additional net rentable space, buyer to verify. Centrally positioned between Ballard, Fremont, South Lake Union, and Downtown Seattle, residents enjoy convenient access to the city’s most active employment corridor, with Meta, Apple, Anthropic, Google, Amazon, and Expedia all within easy reach. The Cremona Apartments represent an immediate executable opportunity in one of Seattle’s most desirable and supply-constrained neighborhoods. Delivered vacant, priced for today’s market, and positioned within minutes of Seattle’s strongest employment and lifestyle anchors, this is a rare chance for a new owner to set rents, define the tenant profile, and reposition the asset from day one with zero friction.

34 W Cremona Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,800,000
2548704 MLS ⋅ ACTIVE Status
Positioned along one of Whidbey Island’s most iconic waterfront corridors, this rare mixed-use investment opportunity offers over 60 feet of coveted commercial frontage in the heart of historic Coupeville. The meticulously restored seven-unit property includes four street-level commercial spaces and three licensed short-term rental units, creating diversified income potential in a highly sought-after destination market. Nearly every unit captures sweeping views of Penn Cove, with front-row access to the island’s marine wildlife, boating activity, and vibrant waterfront atmosphere.Extensive capital improvements have already been completed, including new pilings, siding, and major system upgrades, allowing investors to step into a stabilized asset with strong operational history and immediate cash flow. Offered with two parcels, the property also presents future upside through expansion, redevelopment potential, or continued optimization of rental income. Located minutes from Fort Ebey, the Coupeville–Port Townsend ferry, and convenient routes to Seattle, Bellevue, and Everett, this is a rare opportunity to acquire a legacy waterfront asset in one of the Pacific Northwest’s most desirable tourism-driven markets.

10 Front Street NW, Coupeville

Listing courtesy of COMPASS.

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

601 S Jackson Avenue, Tacoma

Listing courtesy of Kidder Mathews.

$2,800,000
2483507 MLS ⋅ ACTIVE Status
Exceptional investment opportunity in the heart of Everson! This 10-unit multi-family property consists of five duplex-style condo buildings, offering a total of 10 well-designed units. The mix includes spacious 3-bedroom, 2-bath units and comfortable 2-bedroom, 2-bath units—appealing layouts that attract and retain long-term tenants. All units are currently rented, providing immediate, stable income for investors seeking a strong addition to their portfolio. The duplex-style configuration offers added privacy and livability, making these homes highly desirable in the local rental market. Ideally located with convenient access to town amenities, yet tucked into a peaceful setting. Notably, the property did not experience interior water intrusion during the recent flood events—an important advantage and added peace of mind. Whether you’re expanding your portfolio or stepping into multi-family ownership, this well-maintained, fully occupied property presents a rare opportunity in a growing community.

Walnut Grove Court, Everson

Listing courtesy of HomeSmart One Realty.

$2,795,000
2508089 MLS ⋅ ACTIVE Status
Marine Vista -- a premier 11-unit apartment community located at 840 W Nickerson St, Seattle, WA 98119. Situated in the highly sought-after North Queen Anne submarket, Marine Vista offers an exceptional location overlooking the Lake Washington Ship Canal, providing residents with a unique blend of maritime charm and urban convenience. This offering presents a rare opportunity to acquire a boutique asset in one of Seattle’s most resilient and supply-constrained neighborhoods. Marine Vista is ideally positioned within walking distance to Seattle Pacific University and the vibrant Fremont tech hub, ensuring a consistent and high-quality tenant base. The investment provides a clear path for a strategic value-add program. A new investor will have the ability to implement targeted interior renovations and modern amenity upgrades to capture significant rental upside, bringing the property in line with top-of-market competitors. With its irreplaceable location and strong fundamentals, Marine Vista is poised to deliver robust long-term appreciation and enhanced cash flow for a sophisticated investor.

840 W Nickerson Street, Seattle

Listing courtesy of Pacific Crest.

$2,750,000
2568199 MLS ⋅ ACTIVE Status
The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

3261 Fuhrman Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,750,000
2561260 MLS ⋅ ACTIVE Status
The Viking apartment is a well located multi-family apartment building situated in the heart of Ballard. The Viking offers investors the opportunity to acquire a fully leased property with an in-place income stream, strong renovation upside and long-term rental growth. The Viking is a 10-unit multi-family property built in 1965. The building features 9 one bedroom, one bath units and one 2 bedrrom, 1 bath unit. Laundry room with storage lockers on the first floor. 3 carports and 3 off street parking spaces.

5920 24th Avenue NW, Seattle

Listing courtesy of L. Dankers Real Estate Group.

$2,725,000
2566450 MLS ⋅ ACTIVE Status
The Lake Apartments is a well-maintained 16-unit garden-style multifamily community at 30853 14th Ave S in Federal Way, offered at an attractive $170,313 per unit. The property delivers a 6.06% in-place CAP rate with clear upside to a 7.41% proforma CAP through raising current below-market rents. Built in 1958 with a new roof installed in 2022, the asset sits on a large 31,050 sq. ft. park-like lot and features on-site laundry, ample private parking, and a balanced mix of one- and two-bedroom units. Located just off Pacific Highway and within approximately one mile of the Federal Way Downtown Link Light Rail Station, the property is also close to Steel Lake and Easter Lake, offering convenient access to recreational amenities. It benefits from strong transit access, high submarket occupancy (96.5%), limited new supply of apartments, and proximity to major employment centers including Sea-Tac Airport and the rapidly growing Kent Valley aerospace and logistics corridor.

30853 14th Avenue S, Federal Way

Listing courtesy of Westlake Associates, Inc..

$2,650,000
2501659 MLS ⋅ ACTIVE Status
Rare add-value multifamily investment opportunity in Lacey! This well-maintained portfolio includes 3 tax parcels with 13 total units: one parcel features a single-family home and a 4-plex, while the other two parcels each include a 4-plex. All units are fully occupied with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.

1608 Ruddell Road SE, Lacey

Listing courtesy of TS Property Management.

$2,550,000
2531266 MLS ⋅ ACTIVE Status
Presenting the Fairseas Apartments, an eight unit multifamily property in the North Queen Anne neighborhood of Seattle. The asset delivers a 5.8% current cap rate on day one—a stabilized, high income-producing return in a submarket where most comparable listings are priced at sub-5.25% current yields. Six of the eight units have been fully renovated with market-quality finishes, including four 2BD/1BTH, one 1BD/1BTH, and one 1BD+Den/1BTH. The two original 1BD/1BTH units are occupied by long-term tenants paying below-market rents, representing significant upside to bring them to the same finish and rent tier as the rest of the building—without touching the renovated units or stabilized income. In-place renovated rents already reach $1,800 on the one bedroom, validating the finish level. The building also features a new Durolast roof and a full exterior refresh (paint, lighting, signage) within the last three years. It sits on an 8,400 SF LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable location: a short walk to Seattle Pacific University, the RapidRide D Line, and the retail and dining on 15th Avenue West, with direct commuter access to South Lake Union, Downtown Seattle, Ballard, and Fremont. North Queen Anne continues to benefit from supply-constrained multifamily stock and durable renter demand tied to SPU, the Fishermen's Terminal maritime cluster, and the Fremont tech corridor.

1401 W Bertona Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,525,000
2553931 MLS ⋅ ACTIVE Status
The Monterey Apartments feature elegant and timeless architecture that appeals to a broad spectrum of renters seeking character and warmth not found in typical new buildings. There are a total of 13 apartments with a balanced mix of spacious studios and one-bedrooms and a large (1,253 SF), recently renovated two-bedroom plus den floor plan. The units are inviting and comfortable, with tall ceilings, beautiful original hardwood floors, efficient floor plans, charming period details and great natural lighting. Units on the upper floor enjoy wonderful territorial views of Green Lake and Greenwood.

8008 Greenwood Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,500,000
2556524 MLS ⋅ ACTIVE Status
Orchard St Duplexes is a collection of four duplex buildings totaling eight residential units on just over an acre in a quiet Tacoma neighborhood near University Place. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,280 square feet across two stories, with in-unit washer and dryer, double-pane vinyl windows, and a private garage. Wood-frame construction built in the early 1990s. Convenient access to I-5, Highway 16, and Tacoma Mall Boulevard.

4846 S 48th Street, Tacoma

Listing courtesy of Paragon Real Estate Advisors.

$2,500,000
2528093 MLS ⋅ ACTIVE Status
Located along a quiet residential street between the vibrant 15th Avenue and 19th Avenue commercial corridors, Mod 19 offers residents immediate access to Capitol Hill’s restaurants, coffee shops, boutiques, grocery stores, and neighborhood amenities. Broadway, the Pike/Pine Corridor, Volunteer Park, and the Capitol Hill Light Rail Station are all within close walking distance, providing convenient access to Downtown Seattle, South Lake Union, the University District, and SeaTac Airport. Situated on a 4,000 square foot LR3-zoned lot, the property consists of eight thoughtfully designed units including four studios averaging approx. 255 SF, three 2BR/1BA units averaging approx. 620 SF, and a two-story penthouse 2BR/2BA unit totaling approx. 923 SF with expansive city, lake, and mountain views from the living room and private rooftop deck. The property features modern finishes throughout including granite countertops, stainless steel appliances, in-unit laundry, tile bathrooms, vinyl plank flooring, and large dual-pane vinyl windows. Additional features include hydronic radiant floor heating, individual hot water tanks, and modern electrical, plumbing, roofing, siding, and window systems consistent with newer construction standards. With modern design, durable construction, and an irreplaceable Capitol Hill location, Mod 19 Apartments offers investors a compelling combination of strong tenant demand, operational efficiency, and long-term appreciation potential.

1814 E Denny Way, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,500,000
2528598 MLS ⋅ ACTIVE Status
Rare investment opportunity in South Seattle! Short sale. Nearly completed 6-unit construction project with strong upside and rental income potential. Major construction is complete, with remaining work including paving, landscaping, parking improvements, and interior finishing touches. Estimated completion costs around $300K. Projected market value upon completion is approximately $3M. Excellent opportunity for builders, investors, or developers looking to finish a high-potential project. Conveniently located 3 minutes to I-90 and a 14-minute walk to Beacon Hill Station with easy access to Seattle, Eastside tech hubs, and Sea-Tac Airport. 84 Walk Score and 75 Transit Score.

2317 22nd Avenue S, Seattle

Listing courtesy of John L. Scott Mill Creek.

$2,500,000
2499210 MLS ⋅ ACTIVE Status
Amazing Investment Opportunity! Welcome to the Anne Marie Apartment, a well-maintained and extensively renovated 10-unit classic building located in the highly sought-after Lower Queen Anne neighborhood (South Slope). Situated on a 6,000 SF lot, this property is incredibly walkable—just steps from the Seattle Center, Gates Foundation, Belltown, South Lake Union, and the waterfront. Tenants enjoy a vibrant area boasting cafes, restaurants, parks, excellent public transit access, and breathtaking views of the Space Needle and the city skyline.Generate significant cash flow right away with the building's numerous reliable, long-term tenants. Alternatively, the property offers fantastic flexibility; thanks to its unbeatable proximity to major tourist attractions and corporate hubs, it is ideally positioned for flexible operations like temporary corporate housing or short-term rentals (such as Airbnb) to further maximize your return on investment. The building features shared on-site coin-operated laundry facilities and a tremendous list of capital improvements, making it a fantastic turnkey investment in one of Seattle's most desirable areas.

310 Aloha Street, Seattle

Listing courtesy of Prolink Realty, LLC.

$2,499,900
2567938 MLS ⋅ ACTIVE Status
Well positioned between Downtown Seattle and Lake Washington, Hill Town Apartments boasts a “Walker’s Paradise” Walk Score of 94, placing residents steps from the Central District's restaurants, coffee shops, parks, and entertainment. The 12-unit community is evenly split between one- and two-bedroom homes, averaging 733 square feet, with every unit featuring a private deck and spacious layout. On-site parking totals 12 spaces, of which 6 are covered and 6 is off-street. The property has been well-maintained with updated electrical panels and dual-pane windows throughout. Select units feature upgraded flooring, bathrooms, and kitchens, reducing near-term capex exposure for a new owner. In-place rents average $2.24/SF, offering likely upside as unit renovations continue and turnover allows repositioning toward market rates. Offered at just over $208,000 per unit and $284 per square foot, Hill Town Apartments presents an opportunity to acquire a well-located, value-add asset in one of Seattle's most connected in-city neighborhoods.

2201 S Main Street, Seattle

Listing courtesy of Lumin Brokers of Washington.

$2,490,000
2532021 MLS ⋅ ACTIVE Status
Leschi Flats is a turnkey asset in one of Seattle's most desirable neighborhoods. The property enjoys views of Lake Washington and convenient access to nearby parks, dining, and major employers. It consists of 2 side-by-side fourplexes on individual parcels that showcase a charming vintage aesthetic, thoughtfully enhanced by a 2012 remodel. This extensive renovation included all new plumbing and electrical systems, along with fully updated kitchens, baths, and living spaces. The units offer in-unit laundry and dishwashers. Additional features include high-quality finishes such as Andersen Fibrex windows in most units, fire sprinklers throughout, and secured entry with both front and back access for each residence. The unit mix is comprised of 4 one-bed and 4 two-bed units - all designed as corner units with high ceilings and abundant natural light. Each is individually metered for water with dedicated shutoffs already in place, providing a clear path to implementing a utility bill-back system. Significant upside exists through raising rents and increasing parking/storage fees. There are 9 total parking spaces (8 off-street stalls and a large garage). Additional amenities include a BBQ area and Zen Garden, as well as owner's office and storage space. The property's LR1 (M) zoning and 14,711-SF lot size present a compelling land bank opportunity for future development. In addition, the 2 fourplexes can be financed separately with residential financing.

109 115 30th Avenue, Seattle

Listing courtesy of Kidder Mathews.

$2,450,000
2555010 MLS ⋅ ACTIVE Status
The property sits in one of North Seattle’s fastest-improving rental corridors. The location is further supported by Sound Transit’s new Shoreline South/148th light rail station and direct bus access to downtown Seattle. The offering represents an operational value-add opportunity. The asset is in good physical condition, bolstered by recent capital improvements including a new TPO membrane roof (2023), upgraded electrical panels (2024), and replaced window panes (2025). With the option to upgrade units on turnover and capture premium rents as leases roll, and with scheduled rents below market and no utility bill-back currently in place, a new ownership group can grow income through natural lease turnover, selective unit upgrades, and the implementation of a utility recapture program, meaningfully lifting NOI. At market operations, the offering achieves a 7.4% cap rate and a 9.7% cash-on-cash return, giving new ownership strong performance upside as rents are brought up to market. At just $238 per square foot and $175,000 per door, the property presents an exceptional basis for a 1980s-built asset, well below recent comparable sales in the area. Current in-place rents average $1,205 for the eleven one-bedroom units and $1,617 for the three two-bedroom units, while comparable properties in the area are achieving approximately $1,550 and $1,875.

712 N 143rd Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,450,000
2452589 MLS ⋅ ACTIVE Status
Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

1809 5th Avenue N, Seattle

Listing courtesy of Pacific Crest.

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

3510 W Elmore Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,400,000
2485504 MLS ⋅ ACTIVE Status
Sheridan Apartments | 9-Unit Fully Renovated Multifamily | 100% Occupied | $122,921 NOI Rare opportunity to acquire a fully stabilized, turnkey 9-unit asset in the heart of Central Tacoma. Sheridan Apartments offers immediate in-place cash flow with $194,000 gross income and $122,921 NOI, delivering strong performance from day one. This early 1900s Craftsman property has been extensively renovated, including fully updated interiors and a major electrical upgrade. There is no deferred maintenance, making this an ideal solution for investors seeking a low-management, quality asset. The diverse unit mix includes 2 detached homes, 5 apartment units, and 2 townhomes, creating strong tenant appeal and income stability. The property is 100% occupied and has demonstrated significant rent growth over the past several years, reflecting both operational strength and Tacoma’s expanding rental market. Located in Central Tacoma with a Walk Score of 86, the property benefits from proximity to JBLM, major healthcare employers, and multiple higher education campuses. JBLM alone supports over 52,000 employees with substantial off-base housing demand, reinforcing long-term rental stability. Whether completing a 1031 exchange or adding a stabilized asset to your portfolio, Sheridan Apartments provides immediate income, renovation quality, and long-term upside in one of Washington’s most supply-constrained markets.

1319 S 9 Street, Tacoma

Listing courtesy of Keasy Property Management.

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

2421 98th Avenue Ct E, Edgewood

Listing courtesy of Windermere RE South Sound, Inc.

$2,365,000
2458693 MLS ⋅ ACTIVE Status
Attention investors, great occupancy rates on the largest complex on the Long Beach Peninsula, with common area updates. Like new carpeting and fire escape towers. Interior renovations all done in recent years. 16 turnkey units (All Rented) on a full city block. Come schedule a showing today!

1101 Pacific Avenue N, Long Beach

Listing courtesy of Century 21 Pacific Realty.

$2,350,000
2562531 MLS ⋅ ACTIVE Status
Built in 1967 and renovated in 2019/2020, the Quaker Court is a 10-unit apartment building located in the Mt. Baker neighborhood. This convenient, urban location is just blocks from Mt. Baker Station, several recreational parks, restaurants, and schools. The systems throughout the building that have been updated include the following: washer/dryer, quartz counters, LVP flooring, stainless appliances, new decks, freshy painted exterior and common areas with new carpet. This is a value-add opportunity from a management perspective, as all the heavy lifting has been completed; just need to raise the income.

2701 S Walden Street, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,300,000
2563692 MLS ⋅ ACTIVE Status
Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.

6537 Oswego Place NE, Seattle

Listing courtesy of Windermere Bellevue Commons.

$2,300,000
2479732 MLS ⋅ ACTIVE Status
PRICE ADJUSTMENT -EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,300,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.

6325 Evergreen Way, Everett

Listing courtesy of KW Everett.

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