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$1,225,000
2257616 MLS ⋅ SOLD Status
Four unit apartment building that has a great corner lot with alley access and 4 units in 2 buildings that are 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center.The apartment house is on an alley with 4 parking stalls for the units off the alley. Each unit is a spacious 2 bedroom and 1 bath with washer/dryer and dishwashers. The 5900sf lot also has the potential for development in the future and at this time the city of Seattle will allow 5 townhomes to be built under LR1 (M) zoning. The current apartment houses have 4 units that currently produce an annual NOI of $63,814 with an upside in rents for the units for the future.

3315 W Ruffner Street, Seattle

Listing courtesy of Ewing & Clark, Inc.. Selling Office: ZNonMember-Office-MLS.

$930,000
2256250 MLS ⋅ SOLD Status
Updated and well-maintained 4-plex in convenient central Highland Park location! Walking distance to parks and just minutes from Westwood Village, highways, downtown Seattle and Sea-Tac airport. Desirable unit mix with two 2-bed/1-bath units and two 1-bed/1-bath units. Units rented to great long term tenants at below market rates leaving HUGE upside potential! Coin-operated W/D in shared laundry room provides additional revenue. Off-street parking. Don’t miss out!

9015 9th Avenue SW, Seattle

Listing courtesy of Skyline Properties, Inc.. Selling Office: COMPASS.

$900,000
2239253 MLS ⋅ SOLD Status
Prime Investment Opportunity. Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes, or renovating to easily double the rental income. Available for purchase as a single 4-plex or buy both units together (MLS 2239257). Showings are available with a signed purchase and sale agreement. Don’t miss this rare investment opportunity!

9322 Stone Avenue N, Seattle

Listing courtesy of Windermere RE Greenwood. Selling Office: Kelly Right RE of Seattle LLC.

$900,000
2239257 MLS ⋅ SOLD Status
Prime Investment Opportunity. Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes, or renovating to easily double the rental income. Available for purchase as a single 4-plex or buy both units together (MLS 2239253). Showings are available with a signed purchase and sale agreement. Don’t miss this rare investment opportunity!

9400 Stone Avenue N, Seattle

Listing courtesy of Windermere RE Greenwood. Selling Office: Kelly Right RE of Seattle LLC.

$1,045,000
2235519 MLS ⋅ SOLD Status
The property features one studio unit (non-conforming), two 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit. All of the units were remodeled about 5 years ago with hard surface flooring, updated kitchens, fresh paint and fixtures throughout. The property has been meticulously cared for by the current owner and has mature landscaping. Tenant in unit B will be vacating in mid May, making this an ideal opportunity for an owner-user. As an investment, the property has a current 5.7% CAP rate which can be improved by increasing current rents and charging for storage. This is a rare opportunity to own a clean and stabilized property in the heart of Georgetown.

6635 Carleton Avenue S, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Homes & Equity Real Estate Grp.

$955,000
2222226 MLS ⋅ SOLD Status
Investor Alert! Profitable investment opportunity in the heart of The vibrant Morgan Junction neighborhood of West Seattle. Two 2bed/1bath units on main floor and two 1bed/1bath units on lower level. Large deck w/westerly mountain & sound view. Garage for 2 cars plus off-street parking for 2 more cars. Alley/street access. Walk/bike to everything West Seattle has to offer. 85 walk score. Long-term tenants, low vacancies and low turnover. Significant rental upside as rents are low. The cap rate is currently sitting at 5.62%, but could be higher if an investor wants to upscale the units or get creative with shorter-term (AirBNB), higher rent leases. Zoned LR2 for future development options.

6553 42nd Avenue SW, Seattle

Listing courtesy of John L Scott Westwood. Selling Office: Best Choice Realty.

$1,030,000
2222860 MLS ⋅ SOLD Status
This is the spot! Opportunity & options abound in this amazing location in North Beacon Hill. 6000SF Lot Zoned LR2 (M). 4-plex allows you to get rental income while you execute your vision on this large centrally located lot. Or live in the beautiful upstairs unit with gorgeous fir floors, enjoying mountain & bay views, all while generating rental income. Lovely craftsman details throughout maintain the original charm. Just blocks to light rail, top tier restaurants, coffee, shops, amenities, parks, commutes, etc. Easy access to all parts of the city. Residents cherish the convenient location & garden spaces. 3 off-street parking spaces & 1-car garage. Value in land! Current rents are below market.

2321 14th Avenue S, Seattle

Listing courtesy of Windermere Real Estate Midtown. Selling Office: COMPASS.

$1,038,000
2216055 MLS ⋅ SOLD Status

9221 35th Avenue SW, Seattle

Listing courtesy of Home Realty. Selling Office: ZNonMember-Office-MLS.

$1,555,000
2212285 MLS ⋅ SOLD Status
Attractive and well-maintained fourplex located at the edge of downtown in Queen Anne. Each unit has a living room, dining area and covered outdoor deck or patio area. The property has two tandem parking spaces as well as a one-car garage. A common laundry with owned equipment is shared amongst the four units. Currently all units are fully furnished. Currently 3 units are vacant and 1 unit is on a short term lease. This opportunity offers multiple avenues for an investor to achieve a substantial return. Great owner/user opportunity or a new owner could elect to continue to run as short term rentals and achieve above market rents.

807 6th Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: COMPASS.

$1,377,000
2211907 MLS ⋅ SOLD Status
Current 5.5%+ Cap Rate! All units are well configured with modern floor plans and have been tastefully updated. The building features territorial views from the upper units, ample on-site parking, common laundry, and great rental upside. The property is well located allowing for convenient access to the Greenwood, Ballard, and Northgate neighborhoods along with a short commute to the Seattle CBD. The building is situated on a 4,900 square foot lot zoned C1-55 providing a host of future development opportunities.

319 N 105th Street, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Aris360.

$1,360,000
2199593 MLS ⋅ SOLD Status
Investor's Dream in the Heart of Ballard! This attractively priced 4-plex, centrally located in vibrant Ballard, offers significant equity & cash flow potential through strategic remodels. W/ trendy boutiques & eateries nearby, its unbeatable walkability is a major plus. Remodel for increased desirability & rental rates, ensuring long-term equity growth. Don't miss out on the chance to own a lucrative property. Consists of one 2bed:1bath unit, & three, 1bed:1bath units. Each unit comes with 1 parking spot and storage units within the basement. Exterior has recently been painted & Brick is in great condition, low maintenance for its new owner! Many services & amenities are within a 5 minute walk. Can't beat the convenience of Ballard!

6721 24th Avenue NW, Seattle

Listing courtesy of COMPASS. Selling Office: Heaton Dainard, LLC.

$1,940,000
2197876 MLS ⋅ SOLD Status
SELLER FINANCING with POSITIVE LEVERAGE ~ Investors can acquire a well-maintained asset with improvements that combine to create a turnkey investment and durable income stream via attractive purchasing terms offered by the seller. Terms include a 25% down payment, a 4.5% rate with interest-only payments, and a 7-year term. Improvements like ductless mini-split heat pumps, which are significantly more efficient and provide heat and air conditioning to the units. A new 25-year roof was placed in service 5 years ago, new water heaters, and a hot water circulation pump create ready-to-use hot water on-demand saving time and money. Opportunity exists to institute utility bill back and install washers and dryers in the units to increase rents.

8523 23rd Avenue NE, Seattle

Listing courtesy of Blake Investment Advisors. Selling Office: Windermere Real Estate Central.

$1,637,500
2195445 MLS ⋅ SOLD Status
This craftsman style Fourplex is located within three blocks of the University of Washington. Building is well maintained, making it simple to operate and manage with pride of ownership. Built in 1914, this 4 unit has Two 4 bedroom 2 bathroom units, One 2 bedroom 1 bathroom unit, and a Studio with updated bathrooms and kitchen. In all, there are 11 bedrooms and 6 bathrooms. Building produces $11,750 of monthly income! What sets this building apart from smaller comparable buildings are the two large spacious 4 bed 2 bath units. There is a coin operated common laundry, owned by the property, adding additional income. Tenants pay for gas and electricity. Water, Sewer and Garbage are included in their rent.

5219 22nd Avenue NE, Seattle

Listing courtesy of Capstone Commercial. Selling Office: Windermere RE Magnolia.

$1,000,000
2193014 MLS ⋅ SOLD Status
Potential Rehab Fixer of existing 3-4 units in Central Seattle location. More value may be in the land for future development. Zoned LR2(M) Close to all amenities, schools, shopping, entertainment, restaurants, coffee shops, religious facilities, downtown location, public transportation at the front door, in walking distance to large new development areas. New constructions all around this location. Sitting next to and surrounded by newer townhomes. Great opportunity to rehabilitate the existing structure or for new development.

415 Martin Luther King Jr Way S, Seattle

Listing courtesy of Green Stone Properties, Inc.. Selling Office: Skyline Properties, Inc..

$1,140,000
2188573 MLS ⋅ SOLD Status
Fantastic investment opportunity in the heart of West Seattle! Close to Alaska Junction restaurants, shopping, and transit lines, this mid-century corner lot fourplex has been meticulously maintained by its current owners. The property features four one-bedroom, one-bathroom units, a carport for convenient off-street parking, and two outdoor patio areas for tenants to enjoy. With its strong rental history and current below market rental rates, this property is perfect for those who are looking for their first multi-family investment or those who want to add to their portfolio.

5301 Erskine Way SW, Seattle

Listing courtesy of eXp Realty. Selling Office: Windermere R.E./Snohomish Inc..

$1,640,000
2187812 MLS ⋅ SOLD Status
Unbeatable Fremont Location. The Phinney Fourplex is a classic property situated on an ideal corner lot with beautiful Southwest views. The property is zoned LR1 and is a perfect land bank with tons of potential for future development. The existing building has a historically low vacancy rate with consistently strong rental cash flow. The units all boast desirable old world charm features such as coved archways and hardwood floors. Potential townhome/rowhouse redevelopment, corner lot zoned LR1.

4202 Phinney Avenue N, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere R.E. Shoreline.

$1,416,500
2171183 MLS ⋅ SOLD Status
Nestled in a prime location in Fauntleroy, 9108 45th Ave SW presents a unique and long-awaited opportunity. This 4-Plex property, having remained off the market for over three decades, is now available, and it boasts a myriad of enticing features for investors and home buyers alike. Each of the four units within this property offers a comfortable and spacious living experience. With 2 bedrooms, 1 bathroom, and an expansive 1,100 square feet of living space in each unit, tenants can enjoy the luxury of space and convenience. Plus, the ample amount of off-street parking adds an extra layer of appeal. 8,000 square foot lot and LR2 (M) zoning allows for potential redevelopment in the future.

9108 9110 45th Avenue SW, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere Real Estate Co..

$1,675,000
2168993 MLS ⋅ SOLD Status
Terrace Apartments is a 4-unit apartment building in the sought-after neighborhood of Leschi. It presents an excellent value-add opportunity with massive units averaging 989 SF and underwent a comprehensive remodel of its systems in 1984. The property allows for owner occupancy and immediate renovation of one unit. Current rents are well below market. The 2-2x2 are two levels and have amazing views of Mt Rainier & Lake WA. Located on a corner quiet lot makes it ideal for tenants or owners to live. It’s ideal location is highlighted by its proximity to Leschi Park (a 13-minute walk), Madrona Park (0.8 miles away), easy access to I-90 for quick commutes to the Eastside or Downtown Seattle. An amazing property in an incredible neighborhood!

326 30th Avenue, Seattle

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

$1,540,000
2149894 MLS ⋅ SOLD Status
4 plex in Capitol Hill with tons of room for sweat equity and rent increase! Zoning also allows potential to build higher. Current use is as 4 large 892 sq foot 1 bedroom units. Units feature family room & dining room with hardwood floors, full kitchen, full bathroom and large bedroom. Basement has laundry units & heating systems as well as rentable storage space. 3 covered carport spaces in back of building. Brick is in great shape, low maintenance for owner!

418 14th Avenue E, Seattle

Listing courtesy of Windermere Chambers Bay. Selling Office: Windermere RE Greenwood.

$648,100
2139435 MLS ⋅ SOLD Status
Great Opportunity, White Center 4 Plex with one 2 bedroom /1 bath unit and two 1 bedroom /1 bath units and one Studio unit. Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. Spacious light filled units, 2 car garages and 3+ parking spaces, 2 in unit washer & dryers and 1 shared set of washer & dryer, Low turnover, Large 8382 square foot lot gives any owner a lot of future development potential. Corner Lot and alley access, Conveniently located close to Shopping and Restaurants.

1615 1/2 SW 110th Street, Seattle

Listing courtesy of John L. Scott, Inc. Selling Office: eXp Realty.

$1,950,000
2078102 MLS ⋅ SOLD Status
Architecturally stunning and charm galore in this always rented 4-Plex. Views of Lake Union, Cascades and Gasworks park & located in desirable upper Queen Anne neighborhood. Large 1 BR/1Bath units with Hardwoods, coved ceilings, period fixtures, built ins, decorative fireplaces, in-unit W/D and dishwashers and new windows. Peaceful common patio area, basement storage, 2 car garage could be rented out for extra income and some kitchens/bath updated. Rarely a vacancy ! Shared driveway with 2111 5th Ave N which is also for sale available together or separate. Do not disturb tenants or walk property,

2107 5th Avenue N, Seattle

Listing courtesy of RE/MAX Metro Realty, Inc.. Selling Office: John L. Scott R.E. Lake Tapps.

$1,625,000
2074553 MLS ⋅ SOLD Status
The Magnolia 4 Apartments consists of a triplex building and a standalone Townhouse that backs up to protected greenbelt behind the property. This is a great owner-occupant opportunity located on a large 6,000 sqft. lot zoned LR3-RC (M). Good unit mix of 1, 2 and 3 bedrooms. This is a low-maintenance property with rental income upside. The "Mag 4" is conveniently positioned on the north end of Magnolia along Government Way providing easy access to Discovery Park, Magnolia Village, Elliott Bay Bike Trail and is walking distance to Metropolitan Market.

3222 W Government Way, Seattle

Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere Real Estate Midtown.

$1,580,000
2059742 MLS ⋅ SOLD Status
It's a highly desirable area that attracts a lot of people due to its convenient location, excellent schools, and easy access to downtown Seattle.The existing building contains 2 stories, with three 1bedroom units and one 2bedroom unit, with backyard and garage. Currently all rented out, the avaerage rent nearby are significant higher (30%) than current rent. Rapid transit stop is in front of this building, easy access to downtown Seattle and Sea-tac airport.Master Use Permit obtained, with flexible zoning code, this property generates potential for redeveloping into Commercial/ Residential dwelling.

6743 15th Avenue NW, Seattle

Listing courtesy of Sea to Sky Realty. Selling Office: Sea to Sky Realty.

$1,175,000
2068430 MLS ⋅ SOLD Status
Investor alert - Add this 4-Plex to your investment portfolio! Great investment property with room for rent increases. All units are occupied with 1 year leases in place. Units have been updated with new LVP flooring, new exterior and interior paint, new appliances, water heater and more! Close to light rail, Seattle and all public transportation. Beautiful light filled interiors, large new windows, territorial views, upper units have nice sitting decks. Plenty of parking that could be additional income, and coin laundry onsite. This is a fantastic property and it is pre-inspected!

1715 16th Avenue S, Seattle

Listing courtesy of COMPASS. Selling Office: Windermere Bellevue Commons.

$1,250,000
2052637 MLS ⋅ SOLD Status
Expand-ability, Value Add, Location, LR1 (M), Transit. You can buy this 4-plex with conventional financing and live in the best unit. Or buy this as an investment and have lots of ways to improve rents, build additional units, or rent out while getting plans approved for townhouses.. Lot's of options with this one! Beginning feasibility study has been done and agent can provide documents!

12356 14th Avenue NE, Seattle

Listing courtesy of Katrina Eileen. Selling Office: Keller Williams Rlty Bellevue.

$1,600,000
2051354 MLS ⋅ SOLD Status
Property zoned for 10 units in the White Center . Within walking distance of restaurants and grocery store. Two four plexes and 2 houses are on this property. Corner lot with 3 separate sewer, 4 separate water meters.

10443 17th Avenue SW, Seattle

Listing courtesy of S & L Realty LLC. Selling Office: AgencyOne.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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