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$560,000
2479275 MLS ⋅ ACTIVE Status
This is a 1910 Lumber Baron's home, cape cod/craftsman converted to a 7 Unit Apartment offering a variety of living spaces. 2 one BDR units and 3 studio units on 1st floor and 2 1 BDR units on second floor. Has a strong rental history and is 100% rented. Common area partially fenced lawn with firepit. Includes a storage room currently used for property management storage. Has an onsite shared coin operated laundry room. Rents are currently below market value. This is an attractive investment for those looking to maximize their returns. Quiet street peekaboo view of the water. DO NOT DISTURB TENANTS.

711 N, Hoquiam

Listing courtesy of Coldwell Banker Danforth.

$7,000,000
2495756 MLS ⋅ ACTIVE Status
Newly available in a highly desirable Edmonds. Inquire about possible seller financing. 12 townhomes priced well below replacement cost at $338 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

16415 48th Avenue W, Edmonds

Listing courtesy of Specialty Real Estate Group.

$10,250,000
2495226 MLS ⋅ ACTIVE Status
Cascade School Apartments is a 51-unit historic adaptive-reuse multifamily community originally built in 1922 and thoughtfully redeveloped through 2024–2025, blending timeless architecture with modern residential upgrades. Designed by Tacoma-based firm Hill, Mock & Griffin, the property features high ceilings, expansive windows, and durable construction that create a distinctive living environment rarely found in today’s market. Supported by federal historic tax credits and a property tax reduction, the asset offers an attractive basis, reduced near-term Cap Ex, and improved long-term cash flow stability. Located in the heart of downtown Chehalis along the I-5 corridor between Seattle and Portland, the property benefits from strong regional connectivity, walkable access to local amenities, and a supply-constrained market supported by ongoing downtown revitalization. With four-sided site access, dual entry points, future development potential on the 2.08-acre site, and possible expansion through additional unit development (buyer to verify), Cascade School Apartments presents a rare opportunity to acquire a stabilized, tax-advantaged historic asset with differentiated product and embedded upside.

101 SW 2nd St, Chehalis

Listing courtesy of Lee & Associates Commercial RE.

$5,200,000
2493947 MLS ⋅ ACTIVE Status
We are pleased to present the Cherry Creek Apartments, a highly desirable 18-unit multifamily community located in Monroe, WA. It offers a diverse unit mix consisting of 1BD flats, 2BD flats, and spacious 2 & 3BD townhomes, with an average unit size of 1,134SF. The property has undergone extensive renovations, with most residences featuring SS appliances, granite CT, LVP flooring, modern lighting, refaced cabinetry, and in-unit W/D. It provides a superior parking ratio of 2.67 spaces/unit, including 20 garage spaces and 28 surface stalls. Select townhome units feature attached 2-car garages and floorplans up to 1,450SF, positioning Cherry Creek as a competitive alternative to single-family housing.

520 S Kelsey Street, Monroe

Listing courtesy of Northmarq Multifamily, LLC.

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

1788 Alki Avenue SW, Seattle

Listing courtesy of Kidder Mathews.

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

7329 15th Avenue NW, Seattle

Listing courtesy of Westlake Associates, Inc..

$3,999,000
2493118 MLS ⋅ ACTIVE Status
Excellent investment opportunity to purchase a 36-unit, single-story, garden-style apartment complex in Centralia, WA. All units consist of 1-bedroom units, which are both well-maintained and have strong historic rental history. Increases in several recently rented units indicate potential for additional rental income. On-site laundry to provide additional income (equipment is owned rather than leased and included in the sale). Property is centrally located in the Centralia-Chehalis area, with I-5 a short 5-minute drive away. Ample parking with both assigned spaces and street parking. All the roofs were replaced and windows upgraded to vinyl double-pane windows in 2015. Priced at $4.45M (or less than 124k/unit), which provides a cap rate of 6.82% based on the current actuals.

1100 S Pearl Street, Centralia

Listing courtesy of Windermere Northwest Living.

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

1120 N 91st Street, Seattle

Listing courtesy of Real Broker LLC.

$1,250,000
2490382 MLS ⋅ ACTIVE Status
Investment opportunity of a lifetime! This property alone is sufficient to be a generational wealth type portfolio. One of the nicest multi-unit properties in the area, a very well kept 10-unit apartment building in a great location. Tucked away in a private spot, accessed by a dead-end driveway, with a paved parking lot and a low maintenance yard. Highly desirable location for renters, only moments away from the school, local gym and City Hall with the Police Department, and also adjacent to storage units. Property can easily be taken over by new ownership - the building is very well kept and can seamlessly continue producing income without any major pressing costs. Solid rental history and consistent tenant demand make this a very stable investment. The property is connected to highly desirable City water and sewer, has a nice outbuilding and a coin-operated laundry room. Paved walkways, fenced back yard, landscaped courtyard - this place is as nice as it gets and there won't be another one just like it.

97 S Elderberry Avenue, Forks

Listing courtesy of Ideal Real Estate.

$1,090,000
2488130 MLS ⋅ ACTIVE Status
Great opportunity for investors! Commercial and Multi Family Zoned. Just two lots up from Rainier Ave N, on corner of Victoria/Hardie. Two separate buildings. Five units are ready to go as you wish. Sixth unit can be remodeled in future, to increase cash flow. Most everything has been updated with new carpets, paint, laminate flooring, interior doors, heaters, blinds, light fixtures, and much more! Two car carport and three, open parking spots. Thermal pane windows, with territorial views, in all units. Separate, common utility room w/ storage room. New roof with 50 year warranty. Superior location to most everything!

150 Hardie Avenue SW Unit #1-6, Renton

Listing courtesy of RE/MAX Eastside Brokers, Inc..

$1,090,000
2455476 MLS ⋅ ACTIVE Status
Great opportunity for investors! Commercial and Multi Family Zoned. Just two lots up from Rainier Ave N, on corner of Victoria/Hardie. Two separate buildings. Five units are ready to go as you wish. Sixth unit can be remodeled in future, to increase cash flow. Most everything has been updated with new carpets, paint, laminate flooring, interior doors, heaters, blinds, light fixtures, and much more! Two car carport and three, open parking spots. Thermal pane windows, with territorial views, in all units. Separate, common utility room w/ storage room. New roof with 50 year warranty. Superior location to most everything!

150 Hardie Avenue SW Unit #1-6, Renton

Listing courtesy of RE/MAX Eastside Brokers, Inc..

$899,000
2486089 MLS ⋅ ACTIVE Status
Six-unit apartment building located in the central core of Mount Vernon, Washington. This multi-family investment property experiences low tenant turnover due to its proximity and super affordable units. There are four 1-bedroom/1-bath units and two 2-bedroom/1-bathroom units with 100% occupancy. The property has dedicated parking in the rear of the building as well as off-street parking.

520 N 1st Street, Mount Vernon

Listing courtesy of NextHome Preview Properties.

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

814 5th St, Steilacoom

Listing courtesy of Coldwell Banker Danforth.

$900,000
2486273 MLS ⋅ ACTIVE Status
Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.

517 Emerson Avenue, Hoquiam

Listing courtesy of Better Properties Grays Harbor.

$3,095,000
2485482 MLS ⋅ ACTIVE Status
We are pleased to present Rucker Court, a turn-key, well-maintained multifamily investment opportunity located just north of downtown Everett. Built in 1957 and recently renovated, the property comprises 14 1BD units, each averaging 630SF with approximately half of the units having views of the Puget Sound. The property provides stable in-place income with additional upside through the potential to increase rents by up to 6% to reach market rates. Every unit has been fully renovated with high-end finishes, including LVP flooring, countertops, interior & exterior paint, and SS appliances. Approximately half of the units have received new cabinets. The roof was replaced in 2024 with a full tear off and new TPO membrane.

2614 Rucker Avenue, Everett

Listing courtesy of Northmarq Multifamily, LLC.

$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.

$1,805,000
2482422 MLS ⋅ ACTIVE Status
Newly remodeled 10 unit apartment complex with courtyard and patios, parking for 5 cars on site, coin-operated laundry and storage. All units were completely remodeled in 2017-2019: new floors, kitchens, bathrooms, paint. Building has a new roof (on both buildings: 2019 and 2025), fresh paint (2024), gated access. Fully occupied and well maintained with 0% vacancy and excellent financials. RRIO inspection has been successfully passed in 2019.

8805 14th Avenue S, Seattle

Listing courtesy of Torre Realty.

$998,000
2481889 MLS ⋅ ACTIVE Status
Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!

906 908 Adams Street SE, Olympia

Listing courtesy of Olympic Sotheby's Int'l Realty.

$4,150,000
2480872 MLS ⋅ ACTIVE Status
Sited just off 509 at the edge of SeaTac Airport sits 15043 8th Ave S AND 648 S 152nd Street in Burien. These two buildings include 23 studio units and one large ground floor office space, perfect for a law office or other entity. With a simple commute in any direction and proximity to light rail, these buildings have had minimal vacancy. Both buildings present an excellent opportunity for a savvy buyer with upside potential.

15043 8th Avenue S, Burien

Listing courtesy of Windermere Real Estate Co..

$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.

$1,350,000
2477475 MLS ⋅ ACTIVE Status
Turnkey downtown Leavenworth Bed & Breakfast grossing ~$200k annually with proven, verifiable income. Operated as three independent booking units: main level commercial lounge space with attached private owner or guest suite and half bath, upper level features three spacious lock off bedrooms, each with full en suite bathroom and shared kitchen, living and deck areas, lower level is a fully separate one bedroom apartment with private entrance, full kitchen and living room. Prime Front Street location steps from shops, restaurants and festivals. Completely furnished turnkey sale includes all furniture, décor, linens and established bookings. Ideal live in owner opportunity. Full financials with NDA. Rare high cash flow opportunity!

1112 Commercial Street, Leavenworth

Listing courtesy of Kelly Right RE of Seattle LLC.

$16,350,000
2475761 MLS ⋅ ACTIVE Status
New construction multifamily property completed in April of 2024. This shiny new 66-unit building has 38 studios, 12 loft studios, 4 live/work studios, 2 live/work two-bedroom, 6 two-bedroom, 4 two-bedroom lofts, and 70 parking spaces. The property is in Ferndale, just a few minutes from Bellingham, next to the WTA Bus Depot and Kid’s World Early Learning Center. Ferndale’s demand for new apartment units was off the charts for this property. Each unit has air conditioning, stack washer/dryers, laminate flooring, large windows, and efficient floor plans. The building design boasts spacious common areas that are enjoyed by the tenants. Professionally managed by PCR.

1655 Main Street, Ferndale

Listing courtesy of Pacific Continental Realty LLC.

$4,295,000
2475680 MLS ⋅ ACTIVE Status
The property reflects true pride of ownership, with extensive upgrades completed in recent years. Improvements include full replacement of in-unit wiring and plumbing, along with comprehensive kitchen and bathroom remodels, ensuring modern comfort, durability, and reduced future capital needs. With an average unit size of 560 SF, the building offers efficient layouts that remain highly competitive in the Beacon Hill rental market. Offering a desirable and efficient unit mix of two studios, thirteen one-bedrooms, and seven two-bedrooms, this 22-unit asset delivers broad renter appeal and strong operational fundamentals. Residents benefit from close proximity to local amenities, outdoor recreation, transit access, and major employment centers—supporting consistent demand in all market cycles.

1815 13th Avenue S, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$3,159,000
2473278 MLS ⋅ ACTIVE Status
Stabilized 11 unit Class A townhome style multifamily portfolio consisting of three triplexes and one duplex, constructed in 2021 and offered together as a single asset. The property has a consistent operating history with strong rental demand, predictable cash flow, and is fully occupied with historically zero vacancy. Clean, verifiable financials.Units feature modern layouts and finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, LED lighting throughout, ductless mini split heating and air conditioning, high speed internet, private garages, and private patios for each unit. Low near term capital requirements due to newer construction. 18 on site parking spaces and well maintained landscaping supported by an automated irrigation system.High quality, low maintenance multifamily portfolio with convenient I-5 corridor access, centrally located between Seattle and Portland, and close to schools, hospital, college, and everyday amenities. Detailed financials available upon execution of NDA.

1409 1412, 1413, 1414 Nora Lane, Centralia

Listing courtesy of RE/MAX Premier Group.

$1,499,999
2468619 MLS ⋅ ACTIVE Status
Value-add mixed-use multifamily opportunity along the Pacific Avenue corridor, suited for an investor focused on lease-up, income stabilization, and operational improvement. The property includes 10 residential units with street frontage featuring a minimart and convenience store component. The residential units offer upside through leasing activity, while the commercial frontage provides additional income potential along a high-traffic corridor. The property provides ample on-site parking and is conveniently located near major arterials and daily services. Well suited for an investor seeking steady income with incremental upside and long-term mixed-use flexibility.

9618 Pacific Avenue, Tacoma

Listing courtesy of Engel & Voelkers Seattle DT.

$3,570,000
2467866 MLS ⋅ ACTIVE Status
Investor alert! Rare opportunity to acquire 6 newer modern townhomes as a package in the heart of Marysville!. Each 4BR/3BA unit features modern open layout with rooftop deck, quartz kitchen w/ large island, vinyl plank flooring, oversized windows, private rooftop deck, entry-level bedroom w/ full bath, and attached 2-car garage. No rental cap! Strong rental demand, low maintenance construction, and prime location near shopping, dining, Seattle Premium Outlets & easy I-5 access. Turnkey investment.

4716 72nd St NE Street NE, Marysville

Listing courtesy of Best Choice Realty LLC.

$2,999,999
2468356 MLS ⋅ ACTIVE Status
Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.

7603 Pacific Avenue, Tacoma

Listing courtesy of Engel & Voelkers Seattle DT.

$21,500,000
2468328 MLS ⋅ ACTIVE Status
Joint Venture Development Opportunity. Mount Bay Apartments is a permit-ready, fully bid, and shovel-ready 307-unit workforce housing development in the heart of Tacoma’s Transportation District. One block from Tacoma Link Light Rail, Sounder, Amtrak, and Greyhound, the project delivers unmatched regional connectivity to downtown Tacoma, Seattle, and Portland—driving strong demand, high occupancy, and long-term value. Designed for working professionals and essential workforce residents, the community features two landscaped courtyards, convenience retail, below-grade parking, a welcoming lobby, fitness center, shared workspace, and a seventh-floor indoor/outdoor sky lounge. The project is fully aligned with Tacoma’s urban revitalization vision while addressing a critical housing need. Mount Bay Apartments offers a compelling, defensive multifamily investment with predictable cash flow, downside protection, and meaningful upside. Workforce housing has consistently outperformed luxury assets across market cycles, delivering stable occupancy even in economic downturns. An eight-year property tax abatement enhances early-year cash flow and improves overall returns, while long-term appreciation is supported by sustained infrastructure investment and neighborhood transformation. This is an exceptional opportunity to partner in a transit-oriented, tax-advantaged asset positioned to generate reliable income and lasting value in one of Tacoma’s fastest-growing urban corridors.

301 E 26th, Tacoma

Listing courtesy of Crestview Realty Advisors.

$485,777
2467140 MLS ⋅ ACTIVE Status
Remodeled 5-plex in the heart of Bremerton. Previous owner updated this property beautifully, but did not obtain the necessary permits from the City of Bremerton. General Commercial zoning allows for the potential to use for multi-family, retail, office or mixed use. Lot size is over half an acre so might be possible to subdivide. Owner financing may be available.**Buyer to verify any and all information on what is needed to obtain permits from the City of Bremerton.**

6323 Kitsap Way, Bremerton

Listing courtesy of Keller Williams Greater 360.

$1,300,000
2467071 MLS ⋅ ACTIVE Status
Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

1405 Martin Luther King Jr Way, Tacoma

Listing courtesy of Theory Real Estate.

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