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$1,450,000
2250173 MLS SOLD Status
DravusApartments, a six-unit apartment building in West Queen Anne. Centrally positioned between Ballard, Fremont, South Lake Union and Downtown Seattle. The property features an attractive unit mix consisting of two 1-bedroom, four 2-bedrooms, and featuring a spacious average of 735sf. The building also boasts personal deck space, and an abundance of parking with 11 total spots both above and below the building. By updating the units and modernizing the systems and amenities, investors are poised to realize a near 39% potential rental upside. DravusApartments makes an excellent investment for investors who are looking to secure a prime location and maximize their returns through a strategic value-add play.

3238 15th Avenue W, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: Lee & Associates Commercial RE.

$2,300,000
2248613 MLS SOLD Status
Waverly Court (WC) is an 8-unit apt building in East Queen Anne. Conveniently located between Fremont, QA, and South Lake Union, WC is walking distance to local amenities & major tech employers such as Meta & Google. Attractive unit mix: One 1x1 & and Seven 2x1 w/ some upper floor units offering peekaboo water views. Avg. size of nearly 800sf, 2 units have updated kitchen and 5 units has LVT flooring. Tenants have access to private common patio, designated parking & common laundry. By updating the units and modernizing the systems and amenities, investors are poised to realize over 27% potential rental upside. WC makes an excellent investment for investors looking to secure a prime location and maximize their returns through value-add play.

2000 Waverly Place N, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: Kelly Right RE of Seattle LLC.

$1,248,000
2246524 MLS SOLD Status
Rare Newer Home in Older U-District. 2021 Actual: $7575/m = $90,900. 2022: $8008/m = $96,090. 2023: $8205/m = $98,460. Property is leased @ same $8205/m thru August 2025. Your inspector & scholar's parents will like structure, systems & safety all built to latest codes. Residents enjoy intelligent design & floor plans, 2019 white on white quartz kitchen, all stainless, three tile baths, sparkling clean inside & out. Landlords find very low 10 year upkeep horizon. Easy stroll to Farmers Markets @ 5020 Brooklyn, Safeway & Trader Joe's, and the Light Rail Station. The Ravenna Cowan Park + Blvd Bike Trail to Greenlake Corridor is one of Seattle's largest greenspaces.

5264 Brooklyn Avenue NE, Seattle

Listing courtesy of Windermere Real Estate Co.. Selling Office: Kelly Right RE of Seattle LLC.

$1,800,000
2233647 MLS SOLD Status
Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.

3422 21st Avenue W, Seattle

Listing courtesy of Realogics Sotheby's Int'l Rlty. Selling Office: Realogics Sotheby's Int'l Rlty.

$1,620,000
2231223 MLS SOLD Status
Seller financing opportunity with significant upside! Located just north of Green Lake, this attractive 6-unit building was originally constructed as a triplex in 1963 with the south wing and three more units added in 2001. The building blends older architecture and modern elements together perfectly and is comprised of a studio, one-bedroom, and 4 large two-bedroom units (2 featuring in-unit washers and dryers). The property has been well cared for and managed by the same local owners for almost 20 years. Units have been updated and refreshed over the years with newer appliances, flooring and fixtures in some cases and a recent total renovation of the one-bedroom with modern finishes.

1135 N 93rd Street, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Kidder Mathews.

$1,150,000
2211088 MLS SOLD Status
Huge price drop! This classic 5-unit apartment building in prime Capitol Hill location offers the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Nice mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.8 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill + downtown.

314 E Mercer Street, Seattle

Listing courtesy of Windermere RE Greenwood. Selling Office: COMPASS.

$1,500,000
2205242 MLS SOLD Status
Capitol Hill 5 unit west facing towards Seven Hills Park across the street, features good natural light exposure & views from the top floor. Units have received updates on turnover with most units receiving laminate floors & appliances. The building received Milgard insulated window replacements in 2017. 4 Off-street parking spots. The building is steps from the charming cafes, restaurants & shops of the 15th Ave retail corridor. Current rents are well below market & 2 units will be delivered vacant allowing investors to reset rents or commence updates upon closing or convert to SFR. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.

1806 16th Avenue, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: Lee & Associates Commercial RE.

$1,960,000
2201272 MLS SOLD Status
Rare opportunity to purchase this historic 9 unit in the heart of Wallingford. The Burke is located in a quiet residential setting, surrounded by classic homes and close to everything Wallingford has to offer. The Burke was originally a single family mansion used as a sorority for the UW in the 1930s & 1940s, converted to 9 unit apartment building it 1960s. The property boasts classic finishes & charm throughout the mix of 6 studios, two 1 bedrooms & one 2 bedroom unit. Great views from the upper 2 floors & potential to combine units for owner occupied use while still maintaining 5 rental units. Laundry room onsite & additional building storage or potential to expand the 2 bedroom unit. Potential for 3 additional lots in back of property.

4120 Burke Avenue N, Seattle

Listing courtesy of South Lake Associates Inc.. Selling Office: Windermere Real Estate Co..

$1,700,000
2193534 MLS SOLD Status
See the possibilities - value-add repositioning or redevelopment. Eastlake 6-unit apt sits on a 5,400SF lot zoned LR2 (M) with access to the lot from Minor Ave on the front along with Red Ave E to the rear. The building currently has several vacant units, allowing investors to promptly enhance its value through additional renovations, maximizing returns on investment. The building is comprised of four well laid out 1-bedroom/1-bathroom units, along with two large 2-bedroom/2-bathroom units. Encompassing the entirety of the top floor is the penthouse unit featuring hard surfaced flooring, updated cabinetry, in unit washer and dryer, and spectacular views of lake union and downtown Seattle.

2219 Minor Avenue E, Seattle

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Heaton Dainard, LLC.

$1,175,000
2189953 MLS SOLD Status
This property offers a range of possibilities for potential investors, including the prospect of value-added repositioning along with redevelopment. Positioned on the north slope of Queen Anne, this 5-unit apartment building sits on a 4,800-square-foot lot zoned LR3 (M). Currently vacant, the property allows investors to promptly enhance its value through renovations, maximizing returns on investment. The building is comprised of five spacious 1-bedroom/1-bathroom units, with a daylight basement offering potential for additional square footage to be added. Beyond the potential for value-added improvements, this property presents a distinct redevelopment opportunity.

68 W Etruria Street, Seattle

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

$1,275,000
2179779 MLS SOLD Status
Located in Wallingford, The Ashworth is a strong value-add opportunity. Current operations are profitable, and there is significant potential for increased income. Current rental rates are below market rates, and there is room for renovations. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approx 40%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.

3664 Ashworth Avenue N, Seattle

Listing courtesy of Windermere R E Mount Baker. Selling Office: Paragon Real Estate Advisors.

$1,493,000
2179778 MLS SOLD Status
People love living in Wallingford! To own a solid MF property in such a strong, desirable location is a steal! The Whitman is a strong value-add opportunity. Current operations are profitable, with a significant potential for increased income. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approximately 35%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.

4326 Whitman Avenue N, Seattle

Listing courtesy of Windermere R E Mount Baker. Selling Office: RSVP Real Estate-ERA Powered.

$1,950,000
2177625 MLS SOLD Status
The property features two separate buildings, including a 4-plex with spacious units and a single-family residence, located on the same parcel. Consisting of two 2-bedrooms, two 3-bedrooms, and a 3-bedroom single-family home. The 4-plex boasts an average unit size of nearly 950 SF, while the SFR is 1,710 SF of usable living space. Centrally-located and well-maintained throughout ownership, the property presents the perfect opportunity to embellish upon the attractive vintage of the residence with tasteful updates supporting stronger rents, increasing financial returns of the investment over time, and the complement of more up to date and spacious units that will generate immediate income.

7 W Dravus Street, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: George W Johnson Realty.

$2,400,000
2172267 MLS SOLD Status
Charming, spacious, and well cared building, with 6 out of 8 units are 2-bedrms. Light-filled bay windows and western units feature sweeping views of Downtown, SLU w/ the Space Needle and Puget Sound beyond. Built in 1910, wiring & heating system updated over the years. windows have wood blinds and most of the hardwood floors in units have been preserved while the kitchens have received updates - butcher block countertops in most units, newer gas ranges, Bosch DW in all units. Centrally-positioned within the Capitol Hill neighborhood, 317 presents investors w/ a perfect opportunity to embellish upon this attractive vintage w tasteful updates supportive of stronger rents that will increase the financial returns of the investment over time.

317 E Thomas Street, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: eXp Realty.

$2,000,000
2171731 MLS SOLD Status
78th Street Classic City Studios and Suites, situated in Seattle’s Green Lake neighborhood, the building is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1992, this 5-unit building consist of five 1-bedroom units averaging 700 SF. Well-maintained and improved throughout the course of ownership, recently 2010 N 78th Street has seen improvements. Upgrades are a new roof in 2020, full exterior repaint and a renovated owner's unit. The property offers a truly unique and enticing opportunity for those looking to own in the heart of Green Lake. With a young professional tenant base and a location steps from Green Lake Park and urban retail, 78th Street Apartment truly represents the best Green Lake has to offer.

2010 N 78th Street, Seattle

Listing courtesy of Lee & Associates Commercial RE. Selling Office: KW Greater Seattle.

$1,800,000
2171606 MLS SOLD Status
The Emerson Apartments consists of 6 large 1 bedroom/1 bathroom units and 1 studio unit. Currently, all the units are being operated as fully furnished short-term rentals primarily renting to traveling nurses and corporate transferees. This unique opportunity allows a new owner to continue to improve the short-term rental operating strategy or transition the units into traditionally leased apartments. The value-add opportunity is renovating the units on turnovers before operating the units on longer-term traditional leases. The one-bedroom units offer spacious floor plans with a living room and a dining area off the kitchen. Most of the units have hardwood style flooring and there are 7 parking spots, one for each unit.

1302 W Emerson Street, Seattle

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

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