Exceptional investment opportunity in Seattle’s North Queen Anne neighborhood! 163 Etruria is a 9-unit apartment building featuring spacious one-bedroom, one-bathroom residences averaging 831 square feet. Built in 1975, the property offers approximately 7,475 net rentable square feet, shared laundry facilities, and off-street parking. Ideally situated near Fremont, Seattle Pacific University, and the Fremont Cut, residents enjoy convenient access to dining, shopping, entertainment, and major employment centers. Investors have an opportunity to increase income through unit renovations, rental growth, utility reimbursements, and parking revenue. Offered at $2,395,000 with a 6.13% in-place cap rate, the property presents an opportunity to acquire a well-located multifamily asset with value-add potential.
Terrific opportunity to acquire a well-maintained triplex in a prime West Seattle location. Built in 1996 and in great condition with terrific curb appeal. Attractive terraced landscaping. All units sit above the street for added privacy. All 3 units have been updated and are in good condition. All are spacious and have open concept floorplans. Top floor unit is 2 bed/2 bath, one has 2 bed/1 bath, and one is 1 bed/1 bath, for a total of 2850 +/- sq ft of living space. Each unit has a dishwasher, washer, and dryer. 4 parking spaces in the alley, plus plenty of street parking out front. Excellent tenant occupancy. Rents total $6405/month and are below market, creating ability to improve on current CAP rate of 4.7%. Rent increase notice delivered 9/1/2026 (5%). Fairmount Park neighborhood is centrally located. Morgan and Alaska junctions are nearby. Close to shops, restaurants, parks, and schools. Beautiful Lincoln Park and the Fauntleroy ferry are minutes away. Great public transportation out front and great access to downtown Seattle. Truly an ideal investment opportunity. Live in one unit and rent out two or just capitalize on this amazing opportunity!
Purpose-built triplex with mid-century style and modern updates. Each unit lives like a townhome with individual exterior entry and limited shared walls. Unit 13807 is a 3 bed, 2 bath end-unit with hardwood floors, remodeled kitchen with slab granite counters and stainless steel appliances, living and dining area leading to the expansive deck overlooking the private backyard, lower level family room & attached garage. Unit 13809 enters off of the ground level to an open living and dining area with updated kitchen, 2 spacious bedrooms and a full bathroom. Unit 13811 enters from the north side of the home to a top floor 2 bed 1 bath layout. Two individual garages and driveway parking for two cars. Entertainment sized patio spans the length of the home and mature landscaping borders the perimeter providing a lovely oasis in the city. Epicenter location is a commuters dream with easy access to the light rail, bus routes and bike paths. Level shy 1/4 acre lot, approximately 80' wide by 120' deep, with LR2 zoning may provide multiple redevelopment options - buyer to verify.
Centerwood presents an exceptional opportunity to acquire a 36-unit multifamily community built in 2009, located in White Center within unincorporated King County. The property consists of three well-maintained buildings totaling approximately 27,890 rentable square feet, featuring an attractive all two-bedroom unit mix with 35 two-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. Each residence includes an in-unit washer and dryer, while the community offers 61 parking stalls. Quality construction features include fire sprinklers, copper supply lines, double-pane windows, and individual hot water tanks. Conveniently located near downtown White Center, Westwood Village, public transportation, and major employment centers. Centerwood offers investors a compelling opportunity with a 5.83% in-place cap rate and potential upside through operational improvements and light cosmetic renovations. Offered at $8,000,000.
Discover the perfect investment in this Triplex nestled in Licton Springs! Each spacious unit spans 980 sqft and features 2 bedrooms. Boasting desirable LR3 zoning, making it an ideal opportunity for owner-occupied living or investment. The lower two units feature an adjoining stairwell and could be easily combined into a single expansive living space. Enjoy roomy living areas, generous bedrooms, and cozy fireplaces throughout. The lower unit has been refreshed with new paint, carpet, and an updated bathroom. Each unit comes equipped with washers and dryers. The upper units enjoy spacious decks, perfect for relaxing outdoors. Off-street, tandem parking off the alley for 6 cars ensures easy access. Plus, you'll be just minutes from the Light Rail, Green Lake, bus lines, restaurants, and more! Immerse yourself in this private setting, and don't miss out on a unique opportunity to own this fantastic triplex.
The Deauville Apartments is an 8-unit multifamily investment located at 2801 14th Ave W in Seattle’s Queen Anne neighborhood, above the Interbay corridor. Built in 1961, the property offers a uniform unit mix of 8 two-bedroom, one-bathroom homes averaging 784 square feet, on a 9,000 square foot LR3(M)-zoned lot. All units feature in-unit laundry, dishwashers, view windows, modern updates, and dedicated parking. Systems work included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout. Every unit now has in-unit W/D and exhaust fans from its bathroom and kitchen. Four units were completely remodeled with all-new kitchens, along with all-new bathrooms, new entry doors, and new hardwood flooring. The remaining units received mid-level renovations, including new appliances, updated electrical and plumbing fixtures, refinished bathtubs, new lighting, and ceiling fan additions in bedrooms. Real prefinished red oak hardwood was installed in six units and engineered hardwood in a seventh unit. The property shares the Armour Street city right of way. This provides residents a park like feel in an urban setting and an amenity to any future redevelopment.
The Iowan Apartments is a seven-unit apartment building located on the South slope of Queen Anne. The building is priced at a current 5.5% cap rate and has been extensively upgraded including a re-plumb of the building supply lines (2026), a new roof (2025), new central hot water tank (2024), double pane vinyl windows, and square D electrical panels throughout the building. The property includes seven open parking stalls accessed off the alley. The property comprises 4,870 net rentable square feet across seven units, averaging 696 square feet, with a mix of one studio, four one-bedroom units including one one-bedroom plus den, one two-bedroom, and one three-bedroom. Interior improvements completed upon natural turnover support potential monthly income of approximately $17,234, representing a 25.1% increase. The property is zoned LR3 (M) within the Uptown Urban Center, with a 2.3 FAR and a 50 foot height limit on a 5,610-square-foot lot. The existing building utilizes approximately half of the site’s maximum permitted floor area, creating meaningful future development optionality. Uptown has no residential parking minimum, providing flexibility for future redevelopment. See the Development Optionality section for additional details. Located two blocks north of Seattle Center, the property offers immediate access to Climate Pledge Arena, the Space Needle, Seattle Center Monorail, and the surrounding Uptown amenity base.
Greenlake Arms is a 10-unit apartment community ideally positioned just blocks from Green Lake and its retail and dining core, one of Seattle's most sought-after residential submarkets. The property boasts a "Very Walkable" Walk Score of 89 and is with a 1-minute walk to the Green Lake PCC, and a 3-minute walk to Green Lake Park. The location also offers excellent connectivity. Quick access to Interstate 5, the Link light rail, downtown Seattle, and the Eastside places tenants within easy reach of the region's largest employment centers, supporting sustained rental demand and tenant retention. Built in 1969 on a 7,000-SF parcel, the property offers a 5.7% cap and 11.3 GRM based on current operations. Roughly half of the units have been renovated with new kitchens and in-unit laundry, giving ownership a track record of successful upgrades and a clear roadmap for completing renovations on the remaining units to capture rent upside. All units feature updated dual-pane windows and nearly all feature updated electrical panels. In addition, supply plumbing is a mix of copper and PEX. This reduces near-term capital needs and supports energy efficiency. Parking is available for 11 vehicles (6 covered spaces and 5 uncovered) - a meaningful amenity in this Green Lake submarket where off-street parking is limited and commands a premium.
Originally built in 1968, the property has an excellent occupancy history having been fully remodeled throughout. All three units are large 2-bedroom, 1.75-bath units (approximately 1,030 SF each), giving new ownership the opportunity to acquire a stabilized asset with modern finishes in a strong rental location. Each unit is outfitted with new countertops, hardwood-style flooring, updated cabinetry, new fixtures, stainless steel appliances, and full-size washer/dryers. Residents enjoy private decks, storage options, and the convenience of four off-street parking spaces—amenities that help ensure strong tenant demand and long-term retention. With an attractive in-place CAP rate of 5.41% and no immediate renovation needs, the West Seattle Triplex offers investors durable cash flow from day one in a centrally located neighborhood with continued growth potential. Residents enjoy convenient access to major public transportation lines, providing connectivity to Downtown Seattle and surrounding employment centers. West Seattle’s continued popularity and walkability will continue to support strong tenant demand and long-term rent growth.
BUYER BONUS: Seller offering a $20,000 credit toward closing costs and/or an interest-rate buydown, which could reduce the monthly payment by approximately $800. Pair with estimated ADU rental income of $1,950/month for a potential monthly housing-cost offset of nearly $2,750. (Buyer to verify all terms). Built in 1915 and still affectionately known as “The Farmhouse,” this home predates the Wedgwood neighborhood itself. Originally an apple orchard, it remains one of the neighborhood’s rare surviving pieces of turn-of-the-century architecture. The open, connected main floor with the kitchen at the center overlooking a grand dining room with boxed-beam ceilings, built-ins and warm hardwoods. The gracious living room features a gas fireplace and large, light-filled windows, while the spacious den offers a flexible spot for reading, working or movie nights. Upstairs, the coveted 4 bed layout has generous closets & built-ins along with a large full bath. Downstairs, the bright daylight level features a permitted ADU that works beautifully as an apartment, guest suite, fully connected 5th bed or additional hangout space, complete with 2nd kitchen. Out back, a covered Azek deck overlooks a fully fenced yard w/treehouse & large shed. Out front, a French-inspired garden bursts with flowers, perfect for greeting neighbors as they stroll by. Spacious and full of personality, The Farmhouse is that increasingly rare kind of home the offers history paired with potential income.
Queen Anne Duplex: a two-unit building on Dexter Ave N with views of Lake Union, built in 1924 on a 4,800 SF lot zoned LR3(M). Unit A is a 3 bed, 1.75 bath home across the main and upper floors, with a kitchen with wood cabinetry, solid surface counters and recessed lighting, a living room with a fireplace, and a slider to a private deck looking across Lake Union to the Cascades. It has fresh paint and newer carpet throughout. Unit B is a 1 bed, 1 bath unit on the daylight lower level with its own entrance, a private fenced yard and a bay window in the living room. Both units have in-unit washers and dryers, and tenants pay their own utilities. The roof was replaced in 2017, the electrical panels have been updated, and the plumbing is believed to be copper (buyer to verify). One carport space on site. Rents are below market, with value-add potential in the Unit B kitchen and bath. The three neighboring parcels at 1722, 1726 and 1732-1734 Dexter Ave N are under the same ownership and are being marketed at the same time.
Queen Anne Duplex, a two unit building at 1732-1734 Dexter Ave N built in 1950, with 2,140 square feet of rentable area on a 4,800 square foot lot zoned LR3 (M). 1732 is a two bedroom, one bath unit on the main floor, renovated throughout with white shaker cabinetry, quartz counters, stainless appliances, a glass enclosed shower, a new vanity, new flooring and fresh paint. Large windows in the living and dining rooms look out over Lake Union, and a balcony opens off the main floor. 1732 is vacant and delivers at closing, an owner-user opportunity. 1734 is a one bedroom, one bath unit on the lower level with its own entrance and a large deck off the back, leased at market rent. Both units have in-unit laundry and views of Lake Union, and tenants pay their own utilities. Three parking spaces, two of them carport. Plumbing is a mix of copper and galvanized, Federal Pacific panels are in place; buyer to verify all building systems. The adjacent parcels at 1722, 1726 and 1730 Dexter Ave N are under the same ownership and marketed at the same time. Dexter Ave N carries a protected bike lane and frequent bus service, with the South Lake Union employment core under one mile south and Lake Union Park and the Westlake waterfront below the site.
Beautifully maintained triplex offering classic charm, modern updates, a durable metal roof, fresh exterior paint (2025), and strong rental performance in one of Seattle’s most desirable neighborhoods. Three bright, well-designed units - 3BD/1.75BA, 2BD/1BA, and 1BD/1BA - each featuring updated finishes, modern appliances, brick fireplaces, efficient gas heating, and private in-unit laundry. Every unit has its own entrance and outdoor space: a large patio (3BD), a balcony plus new composition deck & railing (2BD), and a welcoming front porch (1BD). Single-car garages for two larger units, plus ample on-site and off-street parking. Large, fenced backyard with rear-gate access. Minutes to UW, Magnuson Park, Seattle Children’s, University Village, shopping, dining, transit, and the Burke-Gilman Trail. A rare opportunity to acquire a stable, income-producing asset in a high-demand Seattle location - ideal for investors seeking long-term value and consistent tenant demand. LR1(M) zoning along a key transit and institutional corridor near Seattle Children’s Hospital provides flexibility for future site planning. Buyers are encouraged to review the City of Seattle’s long-range planning materials and Comprehensive Plan framework for this corridor and verify all development potential.
Rare opportunity to own a meticulously maintained and extensively updated legal duplex in the heart of Ballard! This distinctive mid-century property offers two beautifully finished 1 bed/1 bath residences, each with its own address and a unique layout that provides exceptional privacy with no unit directly above the other. A shared interior entry leads to two separate homes, each thoughtfully updated with full kitchens, hardwood floors, abundant natural light and inviting living spaces. One unit features an ingenious custom Murphy bed/dining table system in addition to the separate bedroom, providing an extra sleeping space that easily converts to dining and entertaining. Both residences have been successfully operated as highly rated short-term rentals and are currently fully furnished, with furnishings and household items negotiable with the sale, creating an incredible opportunity for a truly turnkey investment. Ideal for an owner occupant, multi-generational living, long or short-term rental use, or a combination of both. Shared laundry is located on the lower level alongside a massive garage with exceptional storage, plus ample driveway parking. Set on a large, beautifully landscaped corner lot with a private backyard retreat and storage shed, all just minutes from Ballard’s shops, restaurants, parks, waterfront and more.
Rare opportunity to own a legal duplex in North Beacon Hill with flexibility for investors, owner-occupants, or buyers exploring a 1031 exchange. The upper 2-bed, 1-bath unit will be available for owner occupancy at closing, while the ground-floor 2-bed, 1.5-bath unit is tenant occupied at $2,500/month + $60/month W/S/G—live in one unit while generating rental income from the other. The upper unit, with separate access at 1422 S Plum St, features an enclosed entry porch, tall ceilings, beautiful period woodwork and doors, built-in window seating, fresh paint, abundant natural light, and a spacious living/dining room. The eat-in kitchen offers a gas range, generous cabinetry and counter space, plus access to the garden and patio with mature palms, magnolias, and flowering vines. Upstairs bonus space, not included in the listed square footage, offers flexible options for a home office, media room, rec room, hobby space, or additional living area. The ground-floor unit, accessed from 15th Ave S, offers 2 bedrooms, a full bath plus a half bath (1.5 baths) and direct access to shared laundry. Additional property highlights include abundant storage, a newer roof, double-pane windows, gas fireplaces in each unit, plumbing and electrical updates, detached garage, and driveway parking. Conveniently located near bus service and a short distance to Beacon Hill light rail. A rare combination of location, character, income potential, and flexibility.
Ideally located just a few blocks north of the University of Washington campus, this 5-unit multifamily apartment community is within walking distance of The Ave's retail and dining corridor and benefits from the neighborhood's excellent transit connectivity. The property features a desirable unit mix of two one-bedroom and three two-bedroom units, averaging approximately 763 square feet. The building has a pitched composition roof. Two units have been recently renovated, and capital improvements include an updated electrical system with Square D panels, new sewer lines and dual-pane windows throughout, reducing near-term capex exposure for a new owner. The three remaining classic units offer rent upside upon turnover, giving investors a phased value-add path rather than requiring day-one repositioning. Five off-alley parking spaces, a meaningful advantage in this parking-constrained submarket, plus on-site laundry and storage round out the offering, supporting both tenant retention and ancillary income potential. Offered at $265,000 per unit and below $350 per square foot, the property presents an attractive basis and offers long-term stability close to the city's largest institutions.
The offering consists of two separate structures on a single 4,800 square foot NR3 zoned parcel. A two bedroom house built in 1946 sits at the front of the property, and a standalone duplex built in 1988 sits behind it, containing two more two bedroom/one bathroom units. Total net rentable area is 2,340 square feet across the three units, with an additional 720 square feet of unfinished basement beneath the house. Each unit is a two bedroom, one bathroom layout with a dedicated storage locker and its own full size washer and dryer. Both duplex units are vacant and ready for occupancy. Both interiors have been freshly painted and have new vinyl plank flooring, new carpet, new window blinds, and the appliance package in the upper unit (unit B) is new. Hot water tanks were replaced in 2023 and 2024. The property also works for an owner user, who can occupy a duplex unit at closing. The house sits on 720 square feet of unfinished basement with a dedicated entry, good ceiling height, and a sewer line that runs down rather than out through a sidewall, which allows a bathroom to be added at the lower level without sacrificing space. A buyer can finish the basement as additional living area for the house or pursue the addition of a fourth unit. The parcel is zoned NR3, which allows four units on the site. A buyer is to research and confirm the viability of these options to its own satisfaction, including with the appropriate City of Seattle zoning and construction departments.
The Dravus Fourplex consists of four thoughtfully configured units, including two studios, a 2BD/1BTH unit, and a 1BD/1BTH unit with a den. Each unit features in-unit W/D, vinyl plank flooring, and updated appliances. Select units have received more extensive renovations, including gray shaker cabinetry, quartz-style countertops, modern fixtures, and other contemporary finishes, while the remaining units have been updated over time as needed and maintained in good condition. The property is exceptionally well located, with Fremont just a five-minute walk across the Fremont Bridge, providing immediate access to the neighborhood’s restaurants, bars, retail, and entertainment. Opportunities to acquire a renovated and well-positioned fourplex in Queen Anne are increasingly rare. With the building’s major systems addressed, a new roof, renovated interiors, and strong proximity to Fremont and Queen Anne, the Dravus Fourplex offers an attractive combination of current income and future upside. Unit 3 has recently become vacant, creating an excellent owner-user opportunity for a buyer looking to occupy one unit while benefiting from rental income from the remaining three. The property is already operating well, while additional upside exists through the potential to implement utility bill-backs, providing a clear path to further increase income and improve overall operating performance.
We are pleased to present Capitol Hill 7, a well-located 7-unit property positioned in Seattle’s Capitol Hill/Eastlake neighborhood. Built in 1964, the 5,800 SF asset offers an attractive scale for investors seeking a well-located investment opportunity with durable rental demand. The property features LVP flooring throughout, ten on-site parking spaces, common-area laundry, and separate storage lockers for each residence. The roof was installed in 2016, helping reduce near-term capital expenditure requirements. Unit 5 includes an added rear deck with a glass sliding door, providing an enhanced outdoor living amenity. Located near the intersection of Capitol Hill and Eastlake, residents benefit from convenient access to Seattle’s premier dining, nightlife, retail, parks, cultural amenities, and employment centers. The property is a 10-minute walk from the light rail Capitol Hill Station. With its strong in-city location, parking availability, dedicated storage, and value-add potential through future unit upgrades, Capitol Hill 7 presents an appealing opportunity for investors seeking exposure to one of Seattle’s most established rental submarkets.
Rare opportunity to own a well-maintained six-unit apartment building in the heart of Capitol Hill, one of Seattle's most sought-after rental neighborhoods. With a Walk Score of 91 (Walker's Paradise), residents are steps from Broadway, 15th Ave E, Cal Anderson Park, the light rail station, and some of the city's best dining and nightlife. The building offers a versatile unit mix: 1 studio, 2 one-bedrooms, and 3 two-bedrooms. Five of the six units feature private balconies or patios, and Unit #6 boasts a Space Needle view. Unit #2 and #6 have been completely renovated, showcasing the finish level achievable across the remaining units as they turn. Designed for low-maintenance ownership, the building features exterior unit access with minimal common area to maintain, durable Marblecrete siding, and updated double-pane windows throughout. 5 on-site parking spaces are a premium amenity in this dense urban neighborhood. Long-term tenants provide stable income. Parking and utilities are presently included in rent, giving the next owner a clear path to increase revenue through separate parking fees and utility billing, in addition to rent increases. A solid, easy-to-operate asset in an A+ location with multiple value-add levers. Ideal for an investor seeking durable cash flow with meaningful upside.
Versatile Seattle duplex near Greenwood and Green Lake featuring two separate residences: an upper 2-bedroom plus den, 2-bath home and a main-level 2-bedroom, 1-bath home. Highlights include hardwood and tile floors, vaulted ceilings, skylights, an updated kitchen with stone counters, custom cabinetry, gas range and breakfast bar, in-unit laundry, central air, patio and storage. Attached garage, covered carport and gated entry. Convenient access to transit, neighborhood shops and Green Lake.
Just a few short blocks from Loyal Heights Park, this classic brick income property features two side-by-side residences in a prime North Ballard location. Each unit offers a comfortable, independent layout, its own garage, and a flexible lower level that lives like an additional bedroom—perfect for overnight guests, a home office, media room, or workout space. With six bedrooms and three baths across both residences, the property provides valuable separation and versatility for tenants, multigenerational living, or an owner-occupant looking to offset their mortgage with rental income. Zoned LR3, it also offers meaningful long-term flexibility and potential for future multifamily redevelopment, subject to buyer verification. Close to Larsen’s Bakery, Beast & Cleaver, The Fish Store, The Mailbox, and other Loyal Heights favorites. A compelling opportunity offering immediate rental utility with future upside.
We are pleased to present this well-maintained 6-unit apartment property in Ballard, one of Seattle’s most established and desirable rental markets. Built in 1982 and offered for sale for the first time by the family of the original builder, the property combines durable construction, spacious 2-bedroom floor plans, desirable resident amenities, and identifiable renovation upside. The property is comprised entirely of 2-bedroom, 1-bath corner units featuring in-unit W/D, fireplaces, private balconies, dining areas, dishwashers, refrigerators, ranges, and wood flooring. A common area provides secure resident storage, an additional laundry set, and a 1/2 bath, with potential for conversion to an additional unit (buyer to verify). 6 parking spaces are provided, 5 of which are covered. Ownership began renovating interiors in 2021, with 3 of the 6 units remodeled to date. The remaining apartments retain classic finishes, providing a clear opportunity to continue the renovation program and capture additional rental upside. Building systems include copper plumbing and Crouse-Hinds electrical panels, and a full roof replacement was completed in August 2026. Located in the heart of Ballard, along with recent capital improvements, an all 2-bedroom unit mix, in-unit laundry, covered parking, and a straightforward value-add strategy, the property offers investors an attractive combination of current income, renovation potential, and long-term appreciation.
A 1926 Spanish Revival, distinguished by endless details, limewashed walls, and an organic-modern redesign. The heart of the home is a newly designed kitchen, anchored by a warm natural stone waterfall island, custom oak-style cabinetry, and luxury stainless appliances. Downstairs, the FULLY permitted ADU offers its own kitchen, private entrance, and generous living space—ideal for rental income, extended stays, or multigenerational living. Outside, enjoy a solar-heated pool and lush backyard oasis, just blocks from Green Lake and local dining. With new windows, a newer roof, and mini-splits, this home seamlessly blends Spanish charm with modern comfort at every turn.
Welcome home to this classic legal duplex with two separate addresses in Seattle's sought-after Green Lake neighborhood! Light, bright and spacious, this versatile property blends modern updates with original character. Enjoy a peaceful backyard and two brand-new composite decks—a spacious deck off the main level and a deck for the 1-bedroom unit. The lower level offers exceptional flexibility and income potential, featuring a 1-bedroom unit with its own address, electric meter and private entrance, plus a spacious studio room with its own bathroom and separate exterior entrance—ideal for flexible living and potential short-term rental use. Both spaces connect internally to the main house, offering flexibility for extended living, guests or work-from-home needs. Laundry is currently shared, with potential to create separate laundry for each unit. A large garage with upper loft provides generous storage or workspace, plus potential for a future DADU. Minutes to Green Lake Park, dining, transit, I-5 and Roosevelt Link Light Rail. A rare opportunity for flexible living and income potential. Buyer to verify all uses, SF, permits, STR eligibility & DADU potential.
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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.