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Turnkey 10-unit Marella Apartments in Seattle’s Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month’s rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.

2596136 MLS ⋅ ACTIVE Status

Turnkey 10-unit Marella Apartments in Seattle’s Lake City neighborhood. All major capital projects are complete: fully re-sided with exterior paint, new roof and new windows (2023), new electrical panels (2025) and a new sewer line (2025-26), with updated common areas. Seven of ten units are renovated, leaving only three to turn. Professionally managed with zero vacancies and zero delinquencies, and all paperwork is in order: move-in reports, security deposits and last month’s rent on file. Eight 1BD/1BA (approx. 675 sf) and two 2BD/1BA (approx. 850 sf) units, plus 14 off-street parking spaces. Built 1968, effective year built 1992 per tax records, on an 8,480 sf lot. Large walk-in closets next to each hot water tank make adding in-unit washers and dryers easy. Close to Lake City Way shops, services and transit, with Stride bus rapid transit coming in 2028. 5.76% cap rate on in-place rents, 6.85% at market.

3055 NE 140th Street, Seattle

Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com

$2,125,000

108 Kensington S offers investors stable day-one cash flow, supported by in-unit washer and dryer in every unit, a highly desirable amenity that drives tenant retention and consistent rental demand. The property features a highly functional unit mix of one-bedroom and two-bedroom apartments. New ownership can benefit from proven operations while continuing to capture upside through rent optimization and streamlined management. The property benefits from immediate access to State Routes 167 and 516, providing seamless connectivity to Interstate 5, Seattle-Tacoma International Airport, and the greater Puget Sound region. Residents enjoy close proximity to Kent Station, the Sounder Train Station, and the ShoWare Center, offering convenient access to retail, dining, entertainment, and commuter transit, along with nearby parks and recreational amenities that enhance overall livability. As a major employment hub in the Pacific Northwest, the Kent Valley is home to over 12,000 businesses and a strong concentration of industrial and aerospace jobs. Major employers including Boeing, Amazon, Blue Origin, and REI continue to drive population growth and rental demand. With direct rail service to both Seattle and Tacoma, 108 Kensington S is well-positioned to attract residents seeking affordability, accessibility, and proximity to major employment centers.

2530607 MLS ⋅ ACTIVE Status

108 Kensington S offers investors stable day-one cash flow, supported by in-unit washer and dryer in every unit, a highly desirable amenity that drives tenant retention and consistent rental demand. The property features a highly functional unit mix of one-bedroom and two-bedroom apartments. New ownership can benefit from proven operations while continuing to capture upside through rent optimization and streamlined management. The property benefits from immediate access to State Routes 167 and 516, providing seamless connectivity to Interstate 5, Seattle-Tacoma International Airport, and the greater Puget Sound region. Residents enjoy close proximity to Kent Station, the Sounder Train Station, and the ShoWare Center, offering convenient access to retail, dining, entertainment, and commuter transit, along with nearby parks and recreational amenities that enhance overall livability. As a major employment hub in the Pacific Northwest, the Kent Valley is home to over 12,000 businesses and a strong concentration of industrial and aerospace jobs. Major employers including Boeing, Amazon, Blue Origin, and REI continue to drive population growth and rental demand. With direct rail service to both Seattle and Tacoma, 108 Kensington S is well-positioned to attract residents seeking affordability, accessibility, and proximity to major employment centers.

108 Kensington Avenue SW, Kent

Listing Broker: Paragon Real Estate Advisors; Tanner Fogle; 206-623-8880; Tanner@paragonrea.com

$2,098,000

This well-maintained multifamily property in Seattle’s highly desirable Bryant neighborhood presents a rare opportunity to acquire 12 spacious, light-filled units, which have been thoughtfully renovated. The property's generous unit layouts and private residential feel contribute to strong tenant appeal and long-term occupancy in one of Northeast Seattle’s most sought-after submarkets. Ideally located just steps from the bus service and Light Rail and within minutes walk to University Village, Seattle Children’s Hospital, and the University of Washington. The property offers residents exceptional connectivity, convenience, and access to major employment and lifestyle amenities. Adding to its investment appeal, the property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), allowing for mixed-use development with a 55-foot height limit. This zoning supports pedestrian-oriented commercial uses at the street level with residential units above, creating significant future redevelopment potential. Investors have the opportunity to benefit from strong in-place cash flow while positioning the asset for higher-density, transit-oriented development in a rapidly growing urban corridor.

2535620 MLS ⋅ ACTIVE Status

This well-maintained multifamily property in Seattle’s highly desirable Bryant neighborhood presents a rare opportunity to acquire 12 spacious, light-filled units, which have been thoughtfully renovated. The property's generous unit layouts and private residential feel contribute to strong tenant appeal and long-term occupancy in one of Northeast Seattle’s most sought-after submarkets. Ideally located just steps from the bus service and Light Rail and within minutes walk to University Village, Seattle Children’s Hospital, and the University of Washington. The property offers residents exceptional connectivity, convenience, and access to major employment and lifestyle amenities. Adding to its investment appeal, the property is zoned NC2P-55 (Neighborhood Commercial 2 with Pedestrian Overlay), allowing for mixed-use development with a 55-foot height limit. This zoning supports pedestrian-oriented commercial uses at the street level with residential units above, creating significant future redevelopment potential. Investors have the opportunity to benefit from strong in-place cash flow while positioning the asset for higher-density, transit-oriented development in a rapidly growing urban corridor.

2800 NE 55th Street, Seattle

Listing Broker: Windermere Real Estate Co.; Kian Pornour; 206-713-9835; kian@windermere.com

$2,000,000

SELLER FINANCING AVAILABLE. The Villa Apartments is a well-located 10-unit apartment building situated in one of Tacoma's most coveted and historically stable submarkets — North Tacoma. Offered to the market for the first time in over 25 years, this is a rare opportunity to acquire a long-held, carefully maintained asset in a neighborhood that consistently commands strong tenant demand and above-average rent growth. The property presents a compelling value-add investment profile, with dated interiors that reflect the building's long-term ownership and offer a clear path to modernization. A strategic renovation program targeting updated finishes, fixtures and exteriors would allow a new owner to drive meaningful rental growth and unlock significant upside in stabilized value. Adding to the opportunity, the seller is offering attractive financing terms, providing qualified buyers with a distinct advantage in today's elevated interest rate environment. North Tacoma's appeal is well established - tree-lined streets, walkable neighborhoods, proximity to the University of Puget Sound, Tacoma's best retail and dining corridors, and consistently low vacancy make it one of the most sought-after multifamily locations in the South Sound.

2553708 MLS ⋅ ACTIVE Status

SELLER FINANCING AVAILABLE. The Villa Apartments is a well-located 10-unit apartment building situated in one of Tacoma's most coveted and historically stable submarkets — North Tacoma. Offered to the market for the first time in over 25 years, this is a rare opportunity to acquire a long-held, carefully maintained asset in a neighborhood that consistently commands strong tenant demand and above-average rent growth. The property presents a compelling value-add investment profile, with dated interiors that reflect the building's long-term ownership and offer a clear path to modernization. A strategic renovation program targeting updated finishes, fixtures and exteriors would allow a new owner to drive meaningful rental growth and unlock significant upside in stabilized value. Adding to the opportunity, the seller is offering attractive financing terms, providing qualified buyers with a distinct advantage in today's elevated interest rate environment. North Tacoma's appeal is well established - tree-lined streets, walkable neighborhoods, proximity to the University of Puget Sound, Tacoma's best retail and dining corridors, and consistently low vacancy make it one of the most sought-after multifamily locations in the South Sound.

1115 N 12th Street, Tacoma

Listing Broker: Kidder Mathews; David A. Kelley; 360-705-2800; austin.kelley@kidder.com

33020 State Route 20 Unit #1-14, Oak Harbor

$2,000,000

Oak Harbor Terrace, a 14-unit multifamily investment opportunity located in Oak Harbor. The property offers investors an attractive combination of stable in-place cash flow and clear upside potential in a supply-constrained rental market supported by Naval Air Station Whidbey Island. Originally constructed in 1959, the property includes approximately 7,295 square feet of net rentable area across three buildings: a fourplex with a ground-floor commercial space, a nine-unit apartment building, and a single-family residence. The efficient unit layouts are well suited to local workforce housing demand. The asset provides meaningful opportunity to enhance income through rental rate growth, utility reimbursement optimization, and operational improvements.

2531319 MLS ⋅ ACTIVE Status

Oak Harbor Terrace, a 14-unit multifamily investment opportunity located in Oak Harbor. The property offers investors an attractive combination of stable in-place cash flow and clear upside potential in a supply-constrained rental market supported by Naval Air Station Whidbey Island. Originally constructed in 1959, the property includes approximately 7,295 square feet of net rentable area across three buildings: a fourplex with a ground-floor commercial space, a nine-unit apartment building, and a single-family residence. The efficient unit layouts are well suited to local workforce housing demand. The asset provides meaningful opportunity to enhance income through rental rate growth, utility reimbursement optimization, and operational improvements.

33020 State Route 20 Unit #1-14, Oak Harbor

Listing Broker: Windermere/Whidbey Mgmt Serv.; Jason McFadyen; 360-672-0695; jmcfadyen@windermere.com

$1,950,000

Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.

2520059 MLS ⋅ ACTIVE Status

Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.

1215 Burwell Street, Bremerton

Listing Broker: REally Properties Inc; Dennis Balduf; 360-649-5053; dennisbalduf@gmail.com

$1,925,000

Built in 1967, the Holly Lane Apartments sit on a 12,846 sqft lot in a peaceful lakeside neighborhood in the heart of downtown Burien. The building is comprised of 10 spacious two-bedroom/one-bathroom floor plans that average 925 sqft. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies/patios. The units have been well maintained with a mix of “classic” interior finishes and light updates such as LVP flooring and appliances. Building features and amenity spaces include a very large common laundry area on the lower level, secure resident and manager/owner storage lockers and a large office space suitable for a property manager.

2464787 MLS ⋅ ACTIVE Status

Built in 1967, the Holly Lane Apartments sit on a 12,846 sqft lot in a peaceful lakeside neighborhood in the heart of downtown Burien. The building is comprised of 10 spacious two-bedroom/one-bathroom floor plans that average 925 sqft. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, and private balconies/patios. The units have been well maintained with a mix of “classic” interior finishes and light updates such as LVP flooring and appliances. Building features and amenity spaces include a very large common laundry area on the lower level, secure resident and manager/owner storage lockers and a large office space suitable for a property manager.

1017 SW 154th Street, Burien

Listing Broker: Paragon Real Estate Advisors; Ryan Iles; 206-812-9119; ryan@paragonrea.com

$1,895,000

Kapowsin Country Park Offers An Investment Opportunity On 4.76 Acres Across Two Parcels In Graham, Washington, Approximately Half A Mile From Kapowsin Lake. The Property Combines Existing Rental Income With Opportunities For Growth. - Approximately 15,009 Square Feet Of Rentable Space - 10 Park-Owned Manufactured Homes: Six Double-Wides And Four Single-Wides - Five Month-To-Month RV Spaces - Approximately 2,320-Square-Foot Garage, Warehouse, And Outdoor Storage - Laundry Building With Potential Conversion To An Additional Rental Unit - Estimated $500,000–$600,000 Minimum Value In Park-Owned Homes - Seller Financing Considered With 50% Down Increase Income Through Allowable Rent Increases Under Washington State Rent Control Provisions, Garage And Warehouse Rentals, Outdoor And RV Storage, And Conversion Of Existing Improvements. 2026 Pro Forma: $131,448 Net Income; 6.93% Cap Rate. 2027–2028 Pro Forma: $281,176 Gross Income, $239,760 Net Income, And A 12.65% Cap Rate, Based On Anticipated Rent Increases And Planned Improvements. Kapowsin Lake Offers Nearby Fishing And Outdoor Recreation. Tacoma Is Approximately 16 Miles Away And Puyallup 9 Miles Away. Pierce County Has Approximately 904,000 Residents. With Established Rental Operations And Multiple Income-Growth Opportunities, Kapowsin Country Park Offers Current Returns And Long-Term Potential. See Pages 5–7 Of The Attached Package For The Rent Roll And Details. Contact The Listing Broker To Arrange A Tour.

2597663 MLS ⋅ ACTIVE Status

Kapowsin Country Park Offers An Investment Opportunity On 4.76 Acres Across Two Parcels In Graham, Washington, Approximately Half A Mile From Kapowsin Lake. The Property Combines Existing Rental Income With Opportunities For Growth. - Approximately 15,009 Square Feet Of Rentable Space - 10 Park-Owned Manufactured Homes: Six Double-Wides And Four Single-Wides - Five Month-To-Month RV Spaces - Approximately 2,320-Square-Foot Garage, Warehouse, And Outdoor Storage - Laundry Building With Potential Conversion To An Additional Rental Unit - Estimated $500,000–$600,000 Minimum Value In Park-Owned Homes - Seller Financing Considered With 50% Down Increase Income Through Allowable Rent Increases Under Washington State Rent Control Provisions, Garage And Warehouse Rentals, Outdoor And RV Storage, And Conversion Of Existing Improvements. 2026 Pro Forma: $131,448 Net Income; 6.93% Cap Rate. 2027–2028 Pro Forma: $281,176 Gross Income, $239,760 Net Income, And A 12.65% Cap Rate, Based On Anticipated Rent Increases And Planned Improvements. Kapowsin Lake Offers Nearby Fishing And Outdoor Recreation. Tacoma Is Approximately 16 Miles Away And Puyallup 9 Miles Away. Pierce County Has Approximately 904,000 Residents. With Established Rental Operations And Multiple Income-Growth Opportunities, Kapowsin Country Park Offers Current Returns And Long-Term Potential. See Pages 5–7 Of The Attached Package For The Rent Roll And Details. Contact The Listing Broker To Arrange A Tour.

30114 E Orville Road, Graham

Listing Broker: Real Estate 2000 Inc.; David M. Hilbert; 425-280-6542; dave@re2000homes.com

$1,775,000

Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.

2321667 MLS ⋅ ACTIVE Status

Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.

5404 S M Street, Tacoma

Listing Broker: KW Greater Seattle; Stacey A. Brower; 206-491-1200; Stacey@kendratoddgroup.com

$1,725,000

Harbor House Apartments is a well-maintained 18-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $37,000 in recent capital improvements.

2524342 MLS ⋅ ACTIVE Status

Harbor House Apartments is a well-maintained 18-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $37,000 in recent capital improvements.

702 L Street, Hoquiam

Listing Broker: Westlake Associates, Inc.; Reid Jones; 206-505-9401; reid@westlakeassociates.com

$1,699,000

11 Units - Cap Hill: 1718 Summit Avenue, a secure-access multifamily property in one of Seattle’s most desirable neighborhoods. The building features 6 studios and 5 - 1bed/1ba units, top-floor residences with vaulted ceilings, gated access, large courtyard and city views, and five off-street parking spaces. With a current 6.93% CAP rate and value-add potential through renovations, this asset offers stable income, long-term upside, and a prime Capitol Hill/Summit location steps from dining, retail, and transit.

2451055 MLS ⋅ ACTIVE Status

11 Units - Cap Hill: 1718 Summit Avenue, a secure-access multifamily property in one of Seattle’s most desirable neighborhoods. The building features 6 studios and 5 - 1bed/1ba units, top-floor residences with vaulted ceilings, gated access, large courtyard and city views, and five off-street parking spaces. With a current 6.93% CAP rate and value-add potential through renovations, this asset offers stable income, long-term upside, and a prime Capitol Hill/Summit location steps from dining, retail, and transit.

1718 Summit Avenue, Seattle

Listing Broker: COMPASS; Erich Bubbel; 206-399-3285; erich@investmentsalesgrp.com

$1,690,000

Opportunity Knocks. Affordable investment with a great return, this fully serviced 9 Unit Mobile Home Park plus an updated duplex in Bellingham is just minutes from schools, shopping, I-5 and the airport. 5 homes are park owned, 4 owners rent spaces and the 2 apartments are leased to provide a new owner with steady income at a 6.7% Cap Rate. Scheduled rent increases in November will boost the Cap to a generous 7%. Don't miss this rare opportunity to gain income and equity.

2581492 MLS ⋅ ACTIVE Status

Opportunity Knocks. Affordable investment with a great return, this fully serviced 9 Unit Mobile Home Park plus an updated duplex in Bellingham is just minutes from schools, shopping, I-5 and the airport. 5 homes are park owned, 4 owners rent spaces and the 2 apartments are leased to provide a new owner with steady income at a 6.7% Cap Rate. Scheduled rent increases in November will boost the Cap to a generous 7%. Don't miss this rare opportunity to gain income and equity.

2625 W Maplewood Avenue, Bellingham

Listing Broker: Windermere RE Whatcom, Inc.; Lyle Sorenson; 360-927-8685; LyleSorenson@windermere.com

$1,499,999

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.

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 Broker: Engel & Voelkers Seattle DT; Robert Laing; 206-552-0599; robert.laing@evrealestate.com

$1,428,000

Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

2554023 MLS ⋅ ACTIVE Status

Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing Broker: Real Property Associates; Grecia Thomas; 425-583-6101; gthomas@rpare.com

$1,330,000

Mixed-use Commercial & Multifamily two story building. 7,036 sq ft rentable area on 9,768 Sq Ft Lot 8 apartments, 3 commercial spaces with 3 bathrooms, one office/retail space 1 bathroom: These are Store Fronts facing Main Street. Apt #5 has private entrance facing east. Studios face North with private entrance. Upstairs units feature access on Northside from exterior stairs & paved private parking lot or common stairwell & hallway entry from Main street. Lot is flag shaped & residential units are accessed from Alder St. with 16 off street parking spaces. Sultan has huge growth & plans for main roadways, along with bike paths and pedestrian paths.

2593147 MLS ⋅ ACTIVE Status

Mixed-use Commercial & Multifamily two story building. 7,036 sq ft rentable area on 9,768 Sq Ft Lot 8 apartments, 3 commercial spaces with 3 bathrooms, one office/retail space 1 bathroom: These are Store Fronts facing Main Street. Apt #5 has private entrance facing east. Studios face North with private entrance. Upstairs units feature access on Northside from exterior stairs & paved private parking lot or common stairwell & hallway entry from Main street. Lot is flag shaped & residential units are accessed from Alder St. with 16 off street parking spaces. Sultan has huge growth & plans for main roadways, along with bike paths and pedestrian paths.

415 Main Street, Sultan

Listing Broker: Skyline Properties, Inc.; Darcy Worley; 425-977-9237; dworleywa@gmail.com

$1,300,000

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!

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 Broker: Theory Real Estate; Ronald Dudley; 253-640-6688; Ron@theoryRE.com

$1,285,000

Great 2 story 10-plex in Tacoma with 9, 1 BD/ 1 BA units and one large studio. 100% occupied with long-term tenants at below-market rents. Centrally located and walking distance to shops and grocery stories. Exterior security lighting, 5 parking spots rented for extra income, and coin-op washer and dryer in dedicated laundry room. One of the best priced buildings in Tacoma!

2324610 MLS ⋅ ACTIVE Status

Great 2 story 10-plex in Tacoma with 9, 1 BD/ 1 BA units and one large studio. 100% occupied with long-term tenants at below-market rents. Centrally located and walking distance to shops and grocery stories. Exterior security lighting, 5 parking spots rented for extra income, and coin-op washer and dryer in dedicated laundry room. One of the best priced buildings in Tacoma!

5601 S Thompson Avenue, Tacoma

Listing Broker: KW Greater Seattle; Stacey A. Brower; 206-491-1200; Stacey@kendratoddgroup.com

$1,250,000

Excellent opportunity to own a classic two-story, 14-unit multifamily apartment complex in Aberdeen. Built in 1923, this property showcases the charm and character of early 20th-century apartment design while offering functional, diverse living spaces that support strong rental appeal. Conveniently located remarkably close to everyday services, shopping, dining, transit, and local amenities, and situated directly across from a school, this property offers a central location tenants appreciate. The unit mix includes two true studio apartments, six studios with bonus rooms, four one-bedroom units, and two two-bedroom apartments, creating flexibility for a variety of rental needs. With a strong and consistent rental history based on a conservative vacancy rate, this property delivers an attractive cap rate and proven income performance. Its combination of historic character, steady demand, and practical unit variety makes it a compelling option for investors seeking stability, cash flow, and long-term value. Whether you are expanding your portfolio or looking for a well-positioned multifamily asset in an established Aberdeen neighborhood, this 14-unit property is worth a closer look. Buyer to verify all information, financials, zoning, rental history, condition, and due diligence to their satisfaction. Active maintenance in progress. Will provide entry to all Apartments after Mutual. MUST give at least 48+ hrs. time to post notices for ALL showings. Will place RE Sign shortly.

2553414 MLS ⋅ ACTIVE Status

Excellent opportunity to own a classic two-story, 14-unit multifamily apartment complex in Aberdeen. Built in 1923, this property showcases the charm and character of early 20th-century apartment design while offering functional, diverse living spaces that support strong rental appeal. Conveniently located remarkably close to everyday services, shopping, dining, transit, and local amenities, and situated directly across from a school, this property offers a central location tenants appreciate. The unit mix includes two true studio apartments, six studios with bonus rooms, four one-bedroom units, and two two-bedroom apartments, creating flexibility for a variety of rental needs. With a strong and consistent rental history based on a conservative vacancy rate, this property delivers an attractive cap rate and proven income performance. Its combination of historic character, steady demand, and practical unit variety makes it a compelling option for investors seeking stability, cash flow, and long-term value. Whether you are expanding your portfolio or looking for a well-positioned multifamily asset in an established Aberdeen neighborhood, this 14-unit property is worth a closer look. Buyer to verify all information, financials, zoning, rental history, condition, and due diligence to their satisfaction. Active maintenance in progress. Will provide entry to all Apartments after Mutual. MUST give at least 48+ hrs. time to post notices for ALL showings. Will place RE Sign shortly.

301 W 3rd Street, Aberdeen

Listing Broker: John L. Scott, Inc.; Thomas Earnest; 360-535-4743; tomearnest@johnlscott.com

$1,095,000

Seller Financing Available! Harbor House Condominiums is a well-maintained 12-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $111,000 in recent capital improvements.

2524354 MLS ⋅ ACTIVE Status

Seller Financing Available! Harbor House Condominiums is a well-maintained 12-unit garden-style community built in 1965 in Hoquiam. Offering two-bed, one-bed and studio unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received over $111,000 in recent capital improvements.

701 L Street, Hoquiam

Listing Broker: Westlake Associates, Inc.; Reid Jones; 206-505-9401; reid@westlakeassociates.com

$998,000

Exciting investment opportunity to acquire a nearly shovel-ready multifamily development in South Aberdeen. This pre-build includes plans for three beautifully designed 12-unit apartment buildings (36 total units), with zoning complete, and permitting nearing final approval. Plans are included with the purchase, allowing you to move efficiently toward construction. Designed to meet the area's growing demand for quality housing, each unit features 2 bedrooms, 2 bathrooms, and in-unit laundry, offering modern, functional living spaces that appeal to many. Situated in a private setting just minutes from the local college and other community amenities, this project is ideally positioned for long-term rental demand. This is a rare opportunity to deliver much-needed new housing!

2557466 MLS ⋅ ACTIVE Status

Exciting investment opportunity to acquire a nearly shovel-ready multifamily development in South Aberdeen. This pre-build includes plans for three beautifully designed 12-unit apartment buildings (36 total units), with zoning complete, and permitting nearing final approval. Plans are included with the purchase, allowing you to move efficiently toward construction. Designed to meet the area's growing demand for quality housing, each unit features 2 bedrooms, 2 bathrooms, and in-unit laundry, offering modern, functional living spaces that appeal to many. Situated in a private setting just minutes from the local college and other community amenities, this project is ideally positioned for long-term rental demand. This is a rare opportunity to deliver much-needed new housing!

Lewis Street, Aberdeen

Listing Broker: CENTURY 21 Price Right; Anastasia Osorio; 208-935-8272; aosorio@21priceright.com

$949,900

Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!

2551028 MLS ⋅ ACTIVE Status

Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!

201 N F Street, Aberdeen

Listing Broker: Spivey Realty Group, LLC; Kevin Spivey; 360-589-1785; kevin@spiveyrealtygroup.com

$750,000

Recently updated, 10-unit complex. New windows, new siding, new exterior paint. Two units, 1 & 10, have been fully updated with new flooring, fixtures, cabinets, and countertops. Units 2, 3, 5, & 6 are ready to begin updates. Price reflects these units still needing updating. There is plenty of room for continued rent increases as updates are completed. This property is centrally located and right on the bus line for easy public transportation. Great property for Airbnb rentals, buyer to verify

2564295 MLS ⋅ ACTIVE Status

Recently updated, 10-unit complex. New windows, new siding, new exterior paint. Two units, 1 & 10, have been fully updated with new flooring, fixtures, cabinets, and countertops. Units 2, 3, 5, & 6 are ready to begin updates. Price reflects these units still needing updating. There is plenty of room for continued rent increases as updates are completed. This property is centrally located and right on the bus line for easy public transportation. Great property for Airbnb rentals, buyer to verify

2320 Simpson Avenue, Aberdeen

Listing Broker: List4FlatFee.com, LLC; Stacie Whitfield; 425-344-6779; mls@list4flatfee.com

$749,000

They said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often! Message listing agent for room-rental lender recommendations.

2588383 MLS ⋅ ACTIVE Status

They said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often! Message listing agent for room-rental lender recommendations.

11905 Park Avenue S, Tacoma

Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com

$649,000

Permit-ready 3-story, 15-unit apartment building located in south Mount Vernon. This property offers easy access to I-5, nearby parks, schools, shopping, restaurants, and Skagit Valley Hospital, and downtown Mount Vernon. Enjoy quick access to Kiwanis Park and outdoor recreation, while the Skagit Riverwalk and historic downtown are just a short drive away. It's a convenient location for commuters heading north toward Burlington and Bellingham or south toward Seattle. Designed by Haven Design Workshop, each unit includes a kitchen, living room, flex room, full bathroom, and laundry closet.

2585903 MLS ⋅ ACTIVE Status

Permit-ready 3-story, 15-unit apartment building located in south Mount Vernon. This property offers easy access to I-5, nearby parks, schools, shopping, restaurants, and Skagit Valley Hospital, and downtown Mount Vernon. Enjoy quick access to Kiwanis Park and outdoor recreation, while the Skagit Riverwalk and historic downtown are just a short drive away. It's a convenient location for commuters heading north toward Burlington and Bellingham or south toward Seattle. Designed by Haven Design Workshop, each unit includes a kitchen, living room, flex room, full bathroom, and laundry closet.

403 S 20th Street, Mount Vernon

Listing Broker: Coldwell Banker Bain; Nav Narwal; 360-927-6574; navnarwal@outlook.com

$564,900

Development opportunity on Ocean Beach Hwy in Longview! Design development plans are drawn for this 48-unit apartment complex project with three 3-story buildings and a 2-story rec building with a gym, game room, leasing office and conference room. The plans show 24 two-bedroom/one-bath units and 24 one-bedroom/one-bath units, totaling about 35,400 sq ft of apartments plus a 2,828 sq ft rec building. The site plan includes parking, driveways, dumpster enclosures and an accessible path of travel. A lot of the early design work is already done and paid for, which can save a builder time getting started. Plans, site plan and an estimated proforma are available to qualified buyers. Buyer to verify all information.

2588927 MLS ⋅ ACTIVE Status

Development opportunity on Ocean Beach Hwy in Longview! Design development plans are drawn for this 48-unit apartment complex project with three 3-story buildings and a 2-story rec building with a gym, game room, leasing office and conference room. The plans show 24 two-bedroom/one-bath units and 24 one-bedroom/one-bath units, totaling about 35,400 sq ft of apartments plus a 2,828 sq ft rec building. The site plan includes parking, driveways, dumpster enclosures and an accessible path of travel. A lot of the early design work is already done and paid for, which can save a builder time getting started. Plans, site plan and an estimated proforma are available to qualified buyers. Buyer to verify all information.

5824 Ocean Beach Highway, Longview

Listing Broker: RE/MAX Premier Group; Jesse Cope; 360-431-5915; jrcopesellshomes@gmail.com

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