Rare Investment Opportunity on Queen Anne’s Desirable South Slope! Discover this architect-designed, multi-level triplex offering the perfect blend of historic charm, modern living & unbeatable location. Just steps from Seattle Center, restaurants, grocery stores, lush parks & many transit options, this property is a premium find for investors or owner-occupants. Unlike typical multi-family properties, this unique building avoids the "apartment feel." The main level [A] feels like a true standalone home, radiating the warmth of a 1900’s Craftsman with exquisite vintage details & a cozy, inviting atmosphere. Meanwhile, the townhome [109] added in 1986 features sleek, modern design spread across a dynamic two-level layout, where an oversized skylight floods the space with natural light, ensuring it feels bright & open. Above it all, the top level [B] has a charming, airy garret feel. Top-tier features include exceptional outdoor living, as every single unit enjoys its own private brick paved deck and a patio & fenced yard for the townhome unit. Rare urban parking for all units, including a common garage that provides parking for two units plus off-street parking for the third unit. Combined with the reliability of a highly desirable location & a track record of dependable, long-term tenants, this property is a standout. Whether you want to live in one unit and let the others pay your mortgage or add a high-performing asset to your portfolio, this Queen Anne find is a must-see!
Presenting the Fairseas Apartments, an eight unit multifamily property in the North Queen Anne neighborhood of Seattle. The asset delivers a 5.8% current cap rate on day one—a stabilized, high income-producing return in a submarket where most comparable listings are priced at sub-5.25% current yields. Six of the eight units have been fully renovated with market-quality finishes, including four 2BD/1BTH, one 1BD/1BTH, and one 1BD+Den/1BTH. The two original 1BD/1BTH units are occupied by long-term tenants paying below-market rents, representing significant upside to bring them to the same finish and rent tier as the rest of the building—without touching the renovated units or stabilized income. In-place renovated rents already reach $1,800 on the one bedroom, validating the finish level. The building also features a new Durolast roof and a full exterior refresh (paint, lighting, signage) within the last three years. It sits on an 8,400 SF LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable location: a short walk to Seattle Pacific University, the RapidRide D Line, and the retail and dining on 15th Avenue West, with direct commuter access to South Lake Union, Downtown Seattle, Ballard, and Fremont. North Queen Anne continues to benefit from supply-constrained multifamily stock and durable renter demand tied to SPU, the Fishermen's Terminal maritime cluster, and the Fremont tech corridor.
Located in one of Seattle's most sought-after neighborhoods, this charming Eastlake property presents a rare opportunity for both investors and owner-occupants. Perfectly positioned just minutes from Lake Union, downtown Seattle, South Lake Union, and Capitol Hill, the property benefits from Eastlake's unbeatable walkability, vibrant restaurant scene, coffee shops, waterfront access, and convenient transit connections. The property has a long history of strong occupancy and consistently attracts high-quality tenants thanks to its highly desirable location and neighborhood appeal. Eastlake remains one of Seattle's most resilient rental markets, known for low vacancy and strong rental demand driven by nearby tech and medical employment centers. Currently configured as a legal triplex, the property offers flexible income-producing potential with the opportunity for owner-occupancy while offsetting expenses through rental income. The property also includes additional shared storage and laundry space, along with valuable future upside through its LR2(M) zoning and development potential. Whether you are looking for a stable investment property, a future development opportunity, or a home in one of Seattle's most amenity-rich neighborhoods, this Eastlake property offers exceptional long-term value in a premier location.
Kos Apartments is a five unit multifamily property located in the Ballard neighborhood of Seattle. All five units are two bedroom, two bathroom residences averaging 990 square feet, positioned on a 5,100 square foot LR3 RC (M1) zoned lot. The property was constructed in 1978 and features wood frame construction, double pane vinyl windows, copper plumbing, and five dedicated parking stalls including four carport stalls. Two of the five units have been renovated and are leased at rents approaching market. The remaining three units are in original condition and leased month to month, with two tenants in place since 2011. This tenant structure presents a clean path for a renovation value-add play: as legacy tenants turn, a new owner can renovate the units to the same finish level as the two renovated units, supporting a renovated rent target of $2,550 per unit and a 6.4% proforma cap rate. Ballard continues to see strong rental demand driven by proximity to downtown Seattle, Fremont, and the broader South Lake Union employment corridor, as well as walkable retail, waterfront access, and established transit connectivity.
Rare opportunity to own a versatile, income-producing property in one of Seattle’s most convenient locations! This dynamic duplex offers flexibility for investors, owner-occupants, or buyers looking to house hack while building long-term equity. The main home is filled with classic charm featuring refinished hardwood floors, timeless character details, and warm natural light throughout. Downstairs, the separate apartment creates excellent rental income potential with its own electrical panel, beautiful quartz countertops, updated laminate flooring, 2 bedrooms, and 1 full bath. The quiet, level backyard offers a private retreat with potential space for future expansion or a possible DADU opportunity. Zoned L3, this property opens the door to multiple investment strategies now and into the future. Buyers may also explore the possibility of building upward to maximize living space, rental income, and potential territorial or city views. Centrally located with quick access to Hwy 99, I-5, public transit, and some of Seattle’s most popular destinations including Fremont, Lake Union, and Woodland Park Zoo. Whether you’re searching for a smart investment, multi-generational living, or a place to call home with added income potential, this property delivers flexibility, location, and opportunity all in one.
31-unit multifamily community situated in Seattle’s desirable Interbay/ Queen Anne area. Golfcrest offers investors meaningful renovation value-add upside, and seller financing is available for qualified buyers. The proposed seller financing terms are 5% interest-only rate, 25% down payment and a 5-year term. The property is comprised of a diversified unit mix that includes studio, one-bedroom, two-bedroom, and a Penthouse unit, making it well positioned to serve a broad tenant base in one of Seattle’s most supply constrained submarkets. Roughly 50% of the units have had the flooring replaced with LVP floors. Replacing the remainder of the flooring and improving the kitchens and bathrooms will result in a significant increase in rent. The property has been owned by the same family for the last 31 years. Ownership has spent over $225K in capital improvements over the last couple of years. These improvements reduce near-term capital expenditure risk while preserving the opportunity for an incoming investor to execute a targeted unit renovation program and capture meaningful rental upside.
Rare corner lot development or renovation opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. Zoned LR2(M), this 3,600 SF corner parcel features an existing ~5,500 SF two-story structure that served as a neighborhood anchor for over four decades. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional site utility and flexibility. Newer multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation and strong momentum in this neighborhood. Ideally situated within walking distance of Swedish Hospital Cherry Hill, Seattle University, and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for the area. Buyer to verify all zoning, permitting, and development feasibility
Don't miss this rare opportunity to own a classic mid-century duplex in the highly coveted Olympic Manor neighborhood. Positioned on an expansive level lot directly across street from Soundview playfield, this side-by-side duplex combines timeless character with modern updates. Each spacious residence offers three bedrooms and two bathrooms, refinished hardwood floors, updated electrical, plumbing, and heating systems. In addition each unit has a large garage with additional storage for functionality and convenience. The generous private backyard creates exceptional outdoor living space with room for entertaining, gardening, or play. An outstanding opportunity for investors, multigenerational living, or owner-occupants seeking rental income in one of Seattle’s most established neighborhoods. Full roof replacement in 2015. Home and sewer inspections available upon request. The expansive Soundview Playfield is nearing completion of a major renovation.
Turn-Key Ballard Investment Opportunity! Savvy investors, take note! Located in a desirable, high-demand rental pocket, this property offers an ideal blend of stability and immediate upside. The main-floor unit is extensively updated with a new kitchen & modern, durable vinyl flooring with a reliable month-to-month tenants who intend to stay. The two lower-level units are vacant and freshly renovated with newer kitchens, new carpet, paint, vinyl flooring and water heater – ready for immediate occupancy. Capital expenditures have been minimized with the 2025 investments in a new re-lined sewer to the City main, exterior paint & new water heaters. All units feature washer/dryer hookups. Property includes a large backyard and a mini-garage for storage. The location is close to transit, parks and local neighborhood amenities.
Exceptional fully rented triplex offering immediate rental income and long-term investment potential with zoning for up to 4 units. This income-generating property has a strong rental history with reliable tenants and low vacancy, making it a smart addition to any investment portfolio. The versatile floorplan includes a spacious upper 3-bedroom, 2-bath unit along with two lower-level units, creating multiple streams of income and future owner-occupant flexibility. Each unit features its own washer and dryer for added tenant convenience. Significant updates include a newer roof installed in 2018 and a new sewer line completed in 2021. The property also offers abundant off-street parking, a valuable feature for tenants and guests alike. Ideally situated near I-5, Hwy 99, downtown Seattle, SODO, Burien, and Sea-Tac Airport, this location provides quick access to major job centers, public transportation, shopping, dining, and everyday amenities. With continued growth and rental demand throughout the Seattle area, this turnkey multifamily property combines stable cash flow, strong location appeal, and future development possibilities in one compelling investment opportunity.
We are pleased to present Franklin 8 in Seattle’s Eastlake neighborhood! Built in 1967, the 8-unit asset comprises ~7,458 SF and features 8 spacious 2BD, 1BTH units. Each features a private patio or balcony and the large 930 SF floorplans include dedicated dining spaces, large closets, and pantry storage. The top floors units feature Clerestory height ceilings and windows in the living space. 2 units have been fully remodeled and equipped with in-unit laundry, providing the template to realize additional upside in completing renovations on the remaining 6 units. Significant capital improvements have been completed in 2023, including a reseal roof, replaced cedar siding, updated fencing, and improved landscaping. The building also features double paned windows throughout. In addition to its steady in-place performance and renovation upside, the asset presents investors with a unique opportunity to further increase density through the redevelopment of the rear parking lot which should support a 4-story building addition programed either as townhomes or eight potential new apartments (Buyer to verify). Positioned in one of Seattle’s most supply constrained and high-demand rental submarkets, the property supports the execution of multiple strategies for significant value add and upside building on a base of consistent and durable cashflow.
The property consists of 19 one-bedroom / one-bathroom units, one one-bedroom + office / one-bathroom, and one three-bedroom / two-bathroom unit, totaling 14,975 rentable square feet across three stories of wood-frame construction. The property has been meticulously maintained during the current ownership and this is the first time the property has been marketed in 33 years. Current rents average below market across the portfolio, with one-bedroom units running approximately 6% below comparable market rents and the three-bedroom unit carrying meaningful additional upside. An investor operating the building at market rents and fully charging for parking and storage will bring the proforma cap rate to 7.0% with minimal capital needed. The building has been meticulously maintained throughout the current ownership. In 2016, elastomeric waterproof paint was applied to the rockcrete siding, the roof was replaced in 2019 along with the main water supply line, and in 2023/2024 the main sewer drain line and underground cast iron plumbing was replaced. Interbay 21 Apartments offers convenient access to major public transportation routes while being in close proximity to the employment centers, dining, retail, and neighborhood amenities of Queen Anne, Ballard, Interbay, and Magnolia. The building’s location on a quiet residential street provides a strong lifestyle appeal for its tenants and will be highly desirable for future tenants as well.
Amazing 10 unit asset offered with seller financing for qualified buyers! The Fremont View Apartments offers investors the opportunity to acquire a boutique asset in the thriving and highly sought-after Fremont neighborhood. Located at the NE corner of North 43rd Street and Linden Ave North the building is nestled on a quiet residential street with a mix of single family homes and small multi-family properties. Built in 1987, the Fremont View Apartments has 10 units consisting of a nice mix of studios, one and two-bedroom units. The apartments have all been tastefully updated with new cabinetry and counter tops in both the kitchens and bathrooms, with high-end luxury vinyl plank flooring. Each unit has an in-unit washer dryer. The 1987 construction offers all the features investors desire; modern electrical panels, copper plumbing, double pane windows, secured access, with the additional feature of a fire sprinkler system. Each unit offers either a patio or deck for the residents’ enjoyment and secured covered parking.
5026 20th Ave NE (University Manor) is a high-performing triplex in the heart of the U-District, very short walk to UW and U-Village! The property includes: 8-bed/3-bath 3,000 SF main unit $7,300/mo 1-bed/1-bath 525 SF unit $1,350/mo Studio 525 SF unit $1,150/mo Strong, stable cash flow with a long history of student demand and low vacancy. Main house features Private rooms, 2 kitchens, common laundry, off-street parking, and large storage. Many renovations/upgrades done over the years to keep this property running smooth.
Welcome to this seaside West Seattle tri-plex with views! Great investment opportunity in this street-to-street corner lot with Sound & Olympic Mountain views. The CUTE and well-maintained units include TWO: 2 bed/1bath units with fireplaces, attached garages plus off-street parking and ONE: studio unit. Each unit has dedicated outdoor patios or garden space, plus all units share the front lawn with views. Shared laundry room & basement storage. One unit is clean & vacant ready to rent or is perfect for the savvy owner occupant. Land bank for future development potential with LR2 (M) zoning. Tenants will enjoy accessibility to waterfront parks, restaurants, shopping, Alki Beach, & transit.
Located along a quiet residential street between the vibrant 15th Avenue and 19th Avenue commercial corridors, Mod 19 offers residents immediate access to Capitol Hill’s restaurants, coffee shops, boutiques, grocery stores, and neighborhood amenities. Broadway, the Pike/Pine Corridor, Volunteer Park, and the Capitol Hill Light Rail Station are all within close walking distance, providing convenient access to Downtown Seattle, South Lake Union, the University District, and SeaTac Airport. Situated on a 4,000 square foot LR3-zoned lot, the property consists of eight thoughtfully designed units including four studios averaging approx. 255 SF, three 2BR/1BA units averaging approx. 620 SF, and a two-story penthouse 2BR/2BA unit totaling approx. 923 SF with expansive city, lake, and mountain views from the living room and private rooftop deck. The property features modern finishes throughout including granite countertops, stainless steel appliances, in-unit laundry, tile bathrooms, vinyl plank flooring, and large dual-pane vinyl windows. Additional features include hydronic radiant floor heating, individual hot water tanks, and modern electrical, plumbing, roofing, siding, and window systems consistent with newer construction standards. With modern design, durable construction, and an irreplaceable Capitol Hill location, Mod 19 Apartments offers investors a compelling combination of strong tenant demand, operational efficiency, and long-term appreciation potential.
Prime investment opportunity! Beautifully renovated duplex offering strong income potential and flexible living options. Each spacious 2-bedroom, 1-bath unit features approximately 1,060 SF of modern living space with quartz countertops, stylish kitchens, luxury vinyl plank flooring, smart-home features, updated appliances, and fresh contemporary finishes throughout. Situated on a large lot with ample parking, territorial views, and potential for a DADU addition (buyer to verify). Ideal opportunity to live in one unit and rent the other, or add a turnkey income-producing property to your investment portfolio.
Rare investment opportunity in South Seattle! Short sale. Nearly completed 6-unit construction project with strong upside and rental income potential. Major construction is complete, with remaining work including paving, landscaping, parking improvements, and interior finishing touches. Estimated completion costs under $100K. Projected market value upon completion is approximately $3M. Excellent opportunity for builders, investors, or developers looking to finish a high-potential project. Conveniently located 3 minutes to I-90 and a 14-minute walk to Beacon Hill Station with easy access to Seattle, Eastside tech hubs, and Sea-Tac Airport. 84 Walk Score and 75 Transit Score.
What a charming 1940s home in eclectic and revitalized South Park. Greeted with the charming details of yesteryear in beautiful oak hardwood flooring, wrapped window details, arched hallways, and more. Spacious living room which shines via picture windows and newly painted interiors. Updated kitchen with granite countertops, stainless steel appliances, and eating nook for a morning cup of Joe. Full bath and main floor bedroom along with another bedroom uniquely suited for a home office. Upstairs you'll find the primary bedroom, reading nook, and ample built-in storage space. The lower level offers a range of opportunity with non-conforming 4th bedroom, family room, and a 2nd kitchen and dining. What a winning combo for additional rental income, AirBnb, or multi-generational use. Beautifully landscaped and fully fenced yard with driveway parking for multiple cars. City zoning allows for adding a DADU or multiple dwellings in the expansive backyard. Take advantage of the City's push for new thoughtful development. Just a 1/2 block to Duwamish Waterway Park & Playground. Many local shops and restaurants (Loretta's!!) This home is a winner in more ways than one.
This classic 1906 duplex sits proudly on a sunny corner in one of Green Lake’s most beloved neighborhoods, where morning walks to the lake, coffee runs to neighborhood cafés, and evenings spent at nearby restaurants and parks become part of daily life. Just two blocks from Green Lake and less than a half mile to the Roosevelt light rail station, the location offers the perfect blend of historic neighborhood charm and easy city connection. Special homes in sought-out locations like this rarely become available, this is it's first time on the market in nearly 40 years! Set on a 6,000sf corner lot, the upper unit features 3 bedrooms, the main floor unit offers 2 bedrooms, both including in-unit washer/dryers. Tall ceilings, large windows, and a welcoming wraparound porch preserve the character and warmth of the era. Includes detached 2-car garage plus additional driveway parking. Always rented and well-loved, this is an ideal investment opportunity or owner-occupied home with income potential.
Originally constructed in 1954, the property consists of a well-maintained single-story Roman brick veneer building featuring four spacious 1-bedroom units averaging approximately 760 SF and one large 2-bedroom unit totaling approximately 1,247 SF. The units feature highly functional floorplans with dual east and west side entries that create a unique “small home” feel rarely found in apartment living. Strong tenant retention speaks to the appeal of both the property and location. Current ownership has extensively updated and maintained the property over the years. Interior renovations include updated kitchens and bathrooms with new countertops, tile backsplashes, upgraded appliance packages, and refinished original oak hardwood floors throughout. Major capital improvements include copper plumbing supply lines, double-pane vinyl windows, and seismic retrofitting of the foundation. Additional amenities include ample off-street parking with a 1:1 parking ratio, secure common laundry facilities, and tenant storage lockers. With an in-place NOI of approximately $85,000 and a 5.4% cap rate, 3207 NW 64th St offers investors immediate cash flow, ease of management, and long-term appreciation potential in one of Seattle’s most supply-constrained rental markets.
Motivated Seller – Significant $100,000 Price Reduction! Don't miss this opportunity to purchase a well-priced property in a desirable location. Seller is ready to consider serious offers. Cash-flow investment opportunity in Seattle! Fully renovated income-producing property ideally located across from Licton Springs Park. The property is currently configured and operating as a 4-unit rental with all four units tenant occupied, generating approximately $10,550/month in gross rental income. Seller has obtained City of Seattle permit approvals related to the conversion of the existing duplex into a 4-unit multifamily property. Copies of approved permit documents, plans, and related materials will be made available to the buyer. Major layout and unit conversion work has already been completed. The remaining scope primarily consists of final compliance-related improvements, utility coordination, inspections, and final City sign-off required for full legalization and project completion. Property is being sold as-is. Buyer to verify all permitting status, remaining construction requirements. Each unit has been updated with modern finishes including LVP flooring, granite countertops, stainless steel appliances, and in-unit washer/dryer. Property offers dedicated parking plus additional street parking. Excellent opportunity for investors seeking immediate cash flow, future upside, and long-term appreciation in a strong Seattle location.
This property is on LR3 zone with 6,000 sqft. It includes a triplex with 3 rental units and a backyard land. It's a rare LR3 development opportunity in Seattle’s growing South Park neighborhood with an existing triplex generating income while future redevelopment plans are explored. Potential options may include retaining existing structure with additional rear townhouse/condo development or full site redevelopment for higher-density townhome project , up to 8 townhomes (buyer to verify). Excellent opportunity for builders, developers, and long-term investors. Convenient access to Downtown Seattle, Georgetown, Boeing Field, Hwy 99 & I-5.
The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations. The mix includes ten 1BR/1BA units (approx. 700 SF) and two 2BR/1BA units (approx. 850 SF), with 5 units partially updated. Zoned SM-SLU 85-280, the site offers significant redevelopment potential, with preliminary estimates supporting up to 55 units (buyer to verify).
Classic craftsman meets 4 plex and a 3 car garage! Income property or redevelopment property....you choose. 4 units of 500 sq ft . 1 bed 1bath. Zoned RSL(M) Turn-Key Investment with Excellent Cash Flow. 2 units STR and 2 LTR. This historic 1901 Craftsman offers a rare, turn-key opportunity for savvy investors in the heart of Seattle’s South Park neighborhood. Well maintained and boasting a strong tenant history, this property is designed for immediate cash flow and long-term value. : Approximately 2,600 sq. ft. of interior space across a well-designed 4-unit layout. Craftsman charm with convenient location, featuring wood exterior finishes and a durable composition roof. Ample Parking: Rare for the area, this property includes 6 total parking spaces (3 covered and 3 uncovered). Currently cash-flowing with an excellent track record of high occupancy. Corner Lot Appeal: The property sits on a 6,000 sq. ft. corner lot with alley access, offering extra privacy.
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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.