Courtesy: WPI Real Estate Services, Inc.
206-522-8172
TC Wu
WPI Real Estate is pleased to present 12741 35th Ave NE, an 8-unit apartment building in the heart of North Seattle. Reconstructed in 1995, keeping only the foundation and frame, the building totals 6,351 gross square feet and comprises 5 two-bedroom and 3 one-bedroom units across approximately 5,515 rentable square feet, set on a 7,121SF corner lot zoned Lowrise 2 (M). The property trades at an actual cap rate of 5.39%, with attractive owner financing available: 50% down,5% fixed interest, amortized over 360 months on a 5-year term. It delivers a stabilized income stream today, with clear upside through utility pass-through/RUBS implementation, adding additional units (buyer to verify) or updates as units turn. The building offers a desirable unit mix with functional layouts appealing to long-term tenants. Most units are corner homes with ample natural light, and many have vaulted ceilings and private balconies or patios. On-site parking and easy street access add to tenant convenience, while low-maintenance HardiPlank siding and a pitched roof (replaced in 2019) keep operating expenses low. Current rents present the opportunity for strategic increases through unit turns. With Seattle's continued population growth, zoning changes, and limited housing supply, this property is well-positioned for appreciation and sustained demand.
Courtesy: Windermere Real Estate/HLC
425-483-5100
Lisa Bender
Rare opportunity in the heart of Ballard, one of Seattle's most vibrant and sought-after neighborhoods. Located just blocks from popular restaurants, shops, breweries, and everyday amenities, this NC1-55(M) zoned property offers exceptional flexibility for homeowners, investors, and developers alike. Currently configured as a duplex, the upper level features a tenant-occupied 3-bedroom, 1-bath residence. The lower level is currently configured as flexible recreational space but could potentially be returned to a separate residential unit with relatively modest interior modifications, subject to buyer verification. Buyers will appreciate the versatility of the existing improvements, while developers can explore mixed-use and redevelopment opportunities afforded by the property's neighborhood commercial zoning. Roof replaced 2019, Paint inside and out 2019, Windows replaced 2023, New Sewer Line 2025. Situated on a 3,134 SF lot, the site benefits from an established easement serving the neighboring property, creating a lower-maintenance footprint than many surrounding parcels. Whether you're seeking an urban residence, income-producing asset, or future development opportunity, this Ballard property presents a compelling opportunity in a prime location.
Courtesy: Real Residential Llc
206-910-4221
Steven Snider
Located in the desirable Phinney Ridge neighborhood, this well-maintained fourplex offers an exceptional investment opportunity. The property features four corner units, each with its own private entrance, providing added privacy and convenience for residents. Two spacious 2-bedroom units overlook Greenwood Avenue and enjoy generous decks, while the two 1-bedroom units are positioned along the alley side of the property. Each residence includes dedicated off-street parking accessed from the alley. Tenants also benefit from a shared laundry room and additional storage space. Ideally located near public transportation, neighborhood parks, local shops, and a wide variety of dining options.
Courtesy: Marketplace Sotheby's Intl Rty
425-243-9000
Elisabeth Blalock
Discover an excellent investment opportunity in the heart of West Seattle. This income-producing duplex is ideally positioned in the Delridge neighborhood, offering convenient access to downtown Seattle, neighborhood parks, shopping, restaurants, and major commuter routes. The upper residence features 2 bedrooms and 1 full bathroom, while the lower residence includes 1 bedroom and a ¾ bath, providing flexible rental options. Separate gas and electric meters allow tenants to pay their own utilities. The future light rail expansion is expected to further enhance the area's appeal and long-term value. Property is located at the corner of Delridge Way SW and 23rd Ave SW (GPS directions may incorrectly place you across the street). Please do not disturb the occupants. Interior showings will be available only after an accepted offer. No sign at property.
Courtesy: Berkshire Hathaway HS NW
206-932-4500
Tracy Harris
The Dolphin is an iconic 8-unit waterfront apartment building prominently situated along the shores of Alki Beach. Meticulously maintained and extensively upgraded, this rare investment opportunity features approximately 65 feet of bulkheaded Puget Sound frontage with sweeping water and Olympic Mountain views. Significant improvements include a complete exterior refit with brick & stucco finishes, marine-grade stainless steel components, fiberglass decks, & an 80-mil PVC roof membrane. Ownership includes primary & secondary tidelands together with boat buoy rights—an increasingly rare waterfront amenity. Distinguished by its signature landscaping & landmark presence along the Alki shoreline, The Dolphin offers a unique combination of quality, location, & long-term investment potential. Conveniently located near Alki Point Lighthouse, waterfront recreation, dining, & neighborhood amenities. A rare opportunity to acquire a legacy-quality waterfront asset in one of Seattle's most sought-after coastal locations. First time on the Market in 30 years! (Rents are extremely below market with HUGE upside income potential)
Courtesy: John L. Scott, Inc
253-852-9200
Philip Gerisilo
Classic craftsman triplex rich with all of the charming details you dream of - original woodwork, built-ins, oversized windows & high-ceilings. Set in a 10/10 location with a park as your backyard, Ballard's brewery district & endless other options for fun & dining right out your doorstep, & easy access to public transportation & the Gilman Trail. The primary home is a duplex plus a detached cottage & garage. Washer/dryer in all 3 units & potential to develop the attic into a 4th unit (buyer to verify). One of the few remaining original properties in the area that has not been redeveloped. Fully occupied with consistent long-term tenants, & seldom vacancies are always filled immediately. Inspection report and sewer scope available upon request. Long-standing tenants with two leases expiring summer 2026 & one in Jan 2027. Each tenant pays the following monthly utility fee in addition to rent: Unit 908 - $160/mo, Unit 910 - $115/mo, Unit 908 1/2 - $90/mo.
Courtesy: Lee & Associates Commercial RE
206-267-1457
Daniel Lim
The Laureate presents a rare opportunity to acquire a well-maintained 23-unit multifamily asset building in the heart of the Seattle’s University District neighborhood and walking distance to both the University of Washington and the Link Light Rail Station. Originally built in 1961, the property benefits from recent extensive capital improvements and interior renovations, positioning the asset as a compelling combination of stable in-place income and future revenue growth potential. Ownership has invested significantly in the systems over the past 5 years: including a membrane roof replacement, replacement of all individual hot water tanks, securing and gating the parking for 17 vehicles, as well as overhauling the sprinkler system. Featuring a unit mix of 20 sizable 650 SF, 1-bedroom units and one 800 SF, 2-bedroom unit, select units have been renovated with modern finishes including luxury vinyl plank flooring, updated kitchens, stainless steel appliances, including dishwashers and in-unit W/D installations. All units feature A/C, and 1st floor units include patio access. The existing renovations provide future ownership with a blueprint to continue remodeling unit interiors and capture additional rental upside. Additionally, there is potential to assume the current debt with term through 2031.
Courtesy: RE/MAX Elite
425-245-7179
Justina Leggett
Well-maintained duplex in a highly convenient Seattle location with strong rental appeal. The upper unit offers 3 bedrooms and 1 bath, filled with natural light, creating an inviting living space. The lower unit includes 2 bedrooms and 1 bath, providing flexibility for tenants or owner-occupants. Situated with a bus stop directly across the street, offering an easy ~10-minute commute to downtown. Property has been thoughtfully cared for, featuring a newer roof and fresh exterior paint completed during current ownership. Zoned LR1, presenting future development potential and long-term upside. Interior features a blend of wood flooring and wall-to-wall carpet for comfort and durability. Strong rental history with consistent demand, and tenants currently pay all utilities—helping maximize cash flow. There is a shared laundry room with Washer & Dryer plus additional storage space. An excellent opportunity for investors or those seeking a live-in income property in a prime, transit-friendly location. Investor Portfolio Sale! Additional property currently listed at 1931 McDougall Ave, Everett 98201.
Courtesy: Real Property Associates
206-523-0300
Jenny Bouffiou
Versatile multi-unit property in a prime location offering exceptional flexibility & income potential. Ideal for multi-generational living, investment, or Airbnb opportunities, this home features separate entrances & thoughtfully designed spaces on both levels. Main level includes 3 bed/2 baths, a full kitchen with new countertops, dining area, & a spacious living room, plus access to a private deck & inviting outdoor space. Lower level offers its own eat-in kitchen, comfortable living room, 2 bed/1 bath—perfect for guests, extended living, or rental use—along with private deck/yard access & in-unit laundry. Upgrades include a newer roof, fresh exterior/interior paint, deck, carpet, lighting &remodeled bathrooms. Landscaped yard, multiple outdoor living areas, & ample off-street parking enhance both comfort & convenience. Rare opportunity to own a move-in-ready property with built-in flexibility & strong income potential.
Courtesy: Westlake Associates, Inc.
206-505-9400
Chad Martini
The Mansion District Fourplex is a charming 4-unit multifamily property nestled in the heart of Seattle’s desirable North Capitol Hill neighborhood next to Volunteer Park. Two units are nonconforming units, but can be permitted with SDIC as a value-add opportunity (buyer to verify). This historic gem, built in 1905, blends timeless appeal with modern potential, offering investors a rare chance to capitalize on one of the city’s most desirable areas. Whether you’re looking to boost rental income through market-rate adjustments, legalize the two lower non-conforming units for added value, owner-occupy a unit while generating passive revenue, or redevelop the site into higher-density housing, this fourplex is poised for substantial returns in a market where demand continues to outpace supply.
Courtesy: West Seattle Realty
206-935-0503
Tracey Kipp
Turnkey West Seattle Duplex Modernized Classic with Future Upside Potential! Rare opportunity to own a meticulously maintained multi-home property in the heart of West Seattle. Whether you are looking to house-hack (live in one, rent the other), build a high-yield portfolio, or hold for future development, this property delivers immediate cash-flow potential and long-term appreciation. Peace of mind comes standard with new hot water heaters (2023/2025), new gas furnaces (2016) and updated copper plumbing and electrical. Two identical 2-bed, 1-bath floor plans (720 sq ft each) featuring updated kitchens, bathrooms and individual in-unit laundry. The back unit is freshly painted and features a private, fully fenced yard. Minutes from the fairways of WS Golf Course, the sands of Alki Beach, and the vibrant local shops and dining in the Admiral and Alaska Junctions. Unbeatable commuter access to the West Seattle Bridge, Water Taxi and SeaTac airport. Strategically located near the future Light Rail station, providing significant potential for land value growth. Don’t miss this property in one of Seattle's most vibrant neighborhoods. Your smart-lifestyle investment starts here! CAP Rate and GRS are based on 100% occupancy. Currently 50% occupancy to allow for showings.
Courtesy: Windermere Mercer Island
206-232-0446
Brian Rosso
Calling all investors! Opportunity knocks at this charming 1916 Craftsman duplex in a desirable Capitol Hill location. Its sunny western outlook captures sunset city and territorial views. In the heart of all Seattle has to offer, this prime address is just minutes from South Lake Union business centers with excellent transit and bike access. A high walk score means you can stroll to restaurants, coffee shops, retail, markets, nightlife, and more! Each spacious 1,115 sq. ft. unit features 3 bedrooms and a full bathroom with hardwood floors and all appliances included. In-unit laundry is a huge perk highly sought after by renters, along with rare individual garage parking for each unit. Don’t miss the coveted outdoor living space, too! A low vacancy rate and hot neighborhood that is constantly in demand make this a smart investment.
Courtesy: Ewing & Clark, Inc.
206-441-7900
John Losh
East Aloha Apartments is a historic six-unit multifamily investment opportunity at the corner of 15th Avenue East and East Aloha Street in Seattle's highly sought-after North Capitol Hill neighborhood. For the first time on the market in over 80 years, this boutique asset offers a rare opportunity to acquire a well-located property in one of the city's most desirable residential communities. The building showcases a distinctive mid-century modern design with spacious one- and two-bedroom layouts, many featuring individual entrances that enhance privacy and livability. With a 92 Walk Score, residents benefit from immediate proximity to iconic Volunteer Park and the vibrant amenities along 15th Ave E, Broadway, and Pike-Pine Corridor, including popular cafes, acclaimed dining, and retail. Situated at a major bus stop, the property has convenient transit access to Downtown Seattle and major employment and education hubs. Primed for improvement and priced at assessed value, the property presents a lucrative venture with significant value-add potential, allowing investors to renovate and maximize rents. Assets of this quality and location seldom come to market, making this a truly exceptional investment opportunity.
Courtesy: Westlake Associates, Inc.
206-505-9400
Richard Kemp
Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.
Courtesy: Lake & Company
206-527-1777
Carla Valente
Beautifully maintained four-unit building in an exceptional Ballard location. Just blocks from Ballard's vibrant shops, acclaimed restaurants, music venues, movie theater, and the popular Sunday Farmers Market, with easy access to everything this sought-after neighborhood has to offer. Thoughtfully updated with contemporary finishes and low-maintenance systems (effective year built: 1988), including double-pane windows throughout. The 1800sf west-facing unit features two bedrooms, two baths, huge bonus room/at home office/3rd non-conforming bedroom, all with an abundance of natural light. Three additional one-bedroom, one-bath residences offer generous living spaces and the convenience of in-unit laundry. Attractive interior finishes include hardwood floors, quartz countertops, shaker-style cabinetry, and updated plumbing and lighting fixtures. The property also features off-street parking, beautifully landscaped outdoor spaces ideal for entertaining, and substantial lower-level tenant storage and mechanical rooms. Strong rental history and excellent tenant retention provide stable income, while future value-add potential exists with seller-provided architectural plans for a possible fifth unit (buyer to verify feasibility). Excellent investment opportunity in one of Seattle's most desirable neighborhoods. Virtual staging.
Courtesy: Windermere Bellevue Commons
425-462-8000
Janice Cai
Exceptional investment opportunity just minutes from Green Lake. This well-maintained 11-unit apartment building features a desirable unit mix of nine studios and two one-bedroom units. Professional management is already in place and available to continue operations, offering a seamless transition for a passive investor. The property is zoned LR3 (RC), providing attractive future development potential. Amenities include off-street parking, storage lockers, coin-operated laundry, and individual water heaters for each unit, all replaced in 2023. Five of the eleven units have been remodeled. Ideally located within walking distance of the Roosevelt Light Rail Station, and the Green Lake Park & Ride, ,Convenient access to downtown Seattle, shopping, dining and recreation. A rare opportunity for the move-up investor seeking stable income today and long-term growth potential tomorrow.
Courtesy: Congress Realty
888-229-2009
Jared English
12-unit multifamily investment opportunity located in Seattle’s Capitol Hill neighborhood directly adjacent to Seattle Central College and the Capitol Hill Link Light Rail Station. Built in 1959, Harvard Court is situated on an 8,960 SF lot and offers strong in-place income with additional rental upside potential. Property features excellent access to downtown Seattle, with a direct light rail connection to Westlake Station in approximately 4 minutes. The location provides walkable access to shopping, dining, nightlife, and major employment centers throughout Capitol Hill and downtown. Zoned MIO-105-NC3-55 (M), the site also offers future redevelopment potential with zoning allowing heights up to 105 feet across a variety of permitted uses. Rare opportunity to acquire a well-located multifamily asset in one of Seattle’s strongest urban rental markets.
Courtesy: Paragon Real Estate Advisors
206-623-8880
Michael Urquhart
Bittertree Condominiums is an eight-unit apartment building at 13310 Greenwood Ave N in Seattle’s Greenwood neighborhood. Built in 1996, the property features two large studios, two one-bedroom units, and four two-bedroom units. All units include in-unit washers and dryers, private balconies, and access to a secured garage with seven parking stalls. The building sits on a 6,787 SF LR3 (M) zoned lot on Greenwood Avenue. This is a stabilized asset with upside potential. Five units have been updated with luxury vinyl plank flooring and newer appliances. The remaining three are occupied by long-term tenants with below-market rents, offering an opportunity to increase income through natural turnover. With separate electric meters, water sub-metering, and modern construction, the property offers a low-maintenance, efficient operating profile. Seller financing is available with 30% down and a five-year interest-only term: 5.0% interest in years one and two, and 5.5% in years three through five. The investment delivers a 5.7% cap rate and 7.2% cash-on-cash return at acquisition, increasing to a 6.6% cap rate and 10.2% cash-on-cash return as rents reach market levels.
Courtesy: Best Choice Realty LLC
206-886-3986
Ann Tseng
Rare duplex in Queen Anne offering exceptional flexibility for owner-occupants and investors. The vacant upper unit features 3 bedrooms and 2 bathrooms, including an oversized primary suite with walk-in closet and ensuite bath, a spacious kitchen, in-unit washer and dryer, and a private deck overlooking the Lake Washington Ship Canal. An interior staircase connects the upper unit to a lower-level studio with kitchenette, ¾ bath, and separate exterior entrance, creating additional rental, guest-suite, or work-from-home potential. The tenant-occupied lower unit offers 2 bedrooms, 2 bathrooms, a full kitchen, in-unit washer and dryer, and its own private patio space. Both units enjoy private outdoor living areas, providing a peaceful retreat rarely found in the city. Located just a short walk from Seattle Pacific University and minutes from Fremont and Ballard across the bridge, this unique property offers strong rental demand, multiple income opportunities, and a rare investment opportunity in one of Seattle's most desirable neighborhoods. Add three off-street parking spaces—an uncommon luxury in Queen Anne—and you have a property that balances lifestyle, flexibility, and long-term income potential.
Courtesy: Columbia Partners Real Estate
206-829-8130
Travis Bain
Existing home plus fully permitted detached DADU plans. Existing home previously rented for $4,000+ utilities. Approved plans included for future detached 2-bedroom, 2-bath DADU, creating an exceptional opportunity for owner-occupants and investors seeking future income potential. Major capital improvements have already been completed on main house including engineered foundation stabilization with transferable lifetime warranty, newer roof, updated electrical, fresh paint, and updated plumbing, lower-level flooring and bathroom.
Courtesy: Westlake Associates, Inc.
206-505-9400
David Petersen
11BD/5BA Rooming House. This unique property consists of a 1910 construction 3,900 sq ft building with a mix of apartment units and rooms with shared spaces, well suited to the University/Ravenna rental market. Ravenna House is ideally positioned to meet the high demand for student housing with its proximity to the University of Washington campus, University Village, and convenient access to Sound Transit link light rail and bus lines for quick commutes to downtown Seattle. Legally a duplex, the building comprises of 11 bedrooms and 5 bathrooms. This property offers an excellent investor opportunity to acquire a property that is primed for future appreciation in one of the city’s best rental markets and has additional value potential through renovation.
Courtesy: Lee & Associates Commercial RE
206-267-1457
Dea Sumantri
We are pleased to present Twin Cedars Apartments, an 8-unit apartment built in 1968 in Seattle’s coveted Magnolia neighborhood, within steps of Discovery Park. The building offers 31BD averaging 732SF and 5 2BD averaging 967SF, with efficient floor plans. With 2BD units comprising 63% of the building, the unit mix is squarely aligned with the unit type that drives the strongest tenant demand and longest retention across Seattle’s rental market. _of the 8 units have been updated with stone countertops and LVP flooring, delivering a modernized interior foundation. Roof replaced and cedar siding resided in 2020 keep the exterior in sound condition, and a newly improved bike storage room adds a practical amenity that current ownership has not yet monetized. Parking income similarly remains uncaptured, giving a new owner immediate, low-effort revenue opportunities from day one. Twin Cedars operates with discipline already in place. RUBS and pet rent keep utility costs off the owner’s bottom line, and a stable, long-tenured tenant base reflects both the building’s quality and the neighborhood’s enduring appeal. With in-place rents close to market, the clearest path to income growth is the addition of in-unit laundry upon turnover. Comparable Magnolia buildings demonstrate rental premiums of 15% or more from this single upgrade, and combined with parking and bike storage activation, the income levers are identified, accessible, and ready for a new owner to execute.
Courtesy: Windermere Real Estate Co.
206-524-1100
Kian Pornour
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.
Courtesy: Brink Realty Group
425-458-4263
Deborah Green
Spacious corner lot property with a duplex that can be made into a huge single-family property or recreate the space with multi-family housing. The upper unit is rented, and lower unit is big and bright, great kitchen, 3 bedrooms, w/d. Market rent for the lower unit is about $2,000-$2,200 or move in. Many opportunities surround this property. Possibility to build on lot. Easy access to highways, downtown, stadiums, public transit and more!
Courtesy: Paragon Real Estate Advisors
206-623-8880
Ben Douglas
The West Seattle Duplex is a two-unit property located at 3824 23rd Ave SW in the Delridge neighborhood. Delivered fully vacant at closing, it offers a highly flexible opportunity in the West Seattle multifamily market. Each unit features a 2-bedroom, 1.75-bath layout spanning 1,220 square feet, with private decks, in-unit laundry hookups, and single-car garages. The property is well suited for an owner-user, a light renovation value-add investor, or a hybrid strategy. A buyer can live in one unit and lease the other, or lease both after modest cosmetic upgrades to achieve strong market rents. Recent improvements include a new roof installed in 2021 and full copper plumbing. Interiors feature updated kitchens and bathrooms with stone countertops, along with LVP flooring in the upstairs unit. Conveniently located, the duplex offers quick access to Downtown Seattle via the West Seattle Bridge and is minutes from the West Seattle Junction and Alki Beach. It is also within walking distance of the future Delridge Light Rail Station, part of Sound Transit’s West Seattle Link Extension. Planned at SW Andover St and Delridge Way SW, construction is set to begin in 2027, with service expected in late 2032, supporting long-term rent growth and value appreciation.
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Seattle is located in Washington. Seattle, Washington has a population of 726,054. Seattle is less family-centric than the surrounding county with 31.72% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Seattle, Washington is $105,391. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Seattle is 35.3 years.
The average high temperature in July is 75.8 degrees, with an average low temperature in January of 37 degrees. The average rainfall is approximately 38 inches per year, with 4.6 inches of snow per year.
