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$2,098,000
2535620 MLS ⋅ ACTIVE Status
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.

2800 NE 55th Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$6,225,000
2536846 MLS ⋅ ACTIVE Status
The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

2600 -2626 Thorndyke Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$820,000
2534220 MLS ⋅ ACTIVE Status
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.

3824 23rd Avenue SW, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,499,500
2534680 MLS ⋅ ACTIVE Status
Incredible value-add multifamily opportunity in Seattle’s highly sought-after Northgate neighborhood! This turn-key 6-unit building features a fantastic unit mix of four 2-bed/1-bath units and two 1-bed/1-bath units, situated back off a quiet residential dead-end street north of Green Lake. Multiple units have been beautifully and tastefully updated, including a recent comprehensive remodel of Unit 2. Every unit offers modern conveniences including in-unit washers/dryers, dishwashers, private decks, storage lockers, and dual-pane vinyl windows. 100% occupied with stable cash flow and rents still sitting below market potential. Features an attractive, low-maintenance exterior, 6 dedicated parking spaces (including 4 carport spots), and a fire sprinkler system. Unbeatable location within walking distance to the Northgate light rail/bus lines, shopping, dining, and easy I-5 access. Perfect for an investor looking for a high-performing asset in a premier rental market!

10732 Stone Avenue N Unit #1-6, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$1,150,000
2533338 MLS ⋅ ACTIVE Status
Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Buyer to verify all information to their satisfaction.

118 27th Avenue S, Seattle

Listing courtesy of Keller Williams Realty Bothell.

$1,900,000
2533245 MLS ⋅ ACTIVE Status
Located in the Miller Park neighborhood of Seattle, known for exceptional walking and biking scores, this property consists of a triplex + detached accessory dwelling unit (DADU). These well-built buildings were constructed in 2024. Units are equipped with full appliance packages that include refrigerator, oven, over range microwave, dishwasher, and full-size washer and dryer. Other amenities include wall mounted mini-splits that provide heating and cooling. Uniquely, the buildings have solar panels on the roof. Two units in the triplex are designated Mandatory Housing Affordability units (MHA). These units have restricted rent based on MHA schedules and are also restricted to tenants that qualify under the program. The designation is permanent for these two units. The other two units can be rented at market rates or occupied by a new owner. Expenses are mostly estimated.

228 21st Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

$1,800,000
2533806 MLS ⋅ ACTIVE Status
We are pleased to present 8848 Stone Ave N, a pride-of-ownership 10-unit apartment community in Seattle’s North Green Lake neighborhood. Built in 1988, the building offers a well-balanced unit mix of 2 studios, 4 one-bedrooms, and 4 two-bedrooms — spacious floor plans filled with natural light and equipped with in-unit laundry throughout. Durable building systems include copper plumbing, a Siemens electric panel, and a 2021 roof replacement, delivering a new owner a clean operational foundation with minimal deferred maintenance. A secured entry system and fully fenced rear parking lot with 10 assigned spaces complete a resident experience that is low-friction and well managed. In-place rents currently sit approximately 15% below market, presenting an immediate opportunity for a new owner to close that gap through disciplined lease management alone. For investors with a light renovation appetite, the one-bedroom and two-bedroom units present the most compelling upside — rehabbed rents on those unit types are projected to achieve premiums of 21% and 32% respectively above current in-place rents, a return profile that meaningfully repositions the asset’s income and long-term value.

8848 Stone Avenue N, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$1,950,000
2529447 MLS ⋅ ACTIVE Status
A rare opportunity! Tucked just two streets from the tranquil shores of Lake Union is Yale Properties. One of Seattle's gems-offering a rare blend of neighborhood charm, thoughtful design, and sweeping views of the Seattle skyline, Space Needle, and lake. Yale Properties offers six units. Two 2 bedroom units and four 1 bedroom units. Three enclosed garages out front and four parking spaces at the back of the property plus expansive community deck. Interior blueprint designed with high end appliances, LV flooring, ductless mini split HVAC and modern interior design. Entire building has updated electrical to handle high power loads and provide separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Classic Victorian homes stand in conversation with sleek modern architecture, while iconic floating homes add a uniquely Seattle dimension to the landscape. Each street tells a story rich with history, character, and quiet sophistication. Residents here share more than just proximity-they share a lifestyle. Weekdays offer seamless access to downtown Seattle, making productivity feel effortless. By contrast, weekends unfold at a slower pace, with kayakers gliding across Lake Union and neighbors gathering at the local farmer's market.

2366 E Yale Avenue E, Seattle

Listing courtesy of North Pacific Properties.

$2,425,000
2531266 MLS ⋅ ACTIVE Status
The asset delivers a 6.15% current cap rate on day one providing 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, the building has a new Durolast roof, and received a full exterior refresh (paint, lighting, and signage) within the last three years. The building consists of six renovated units including four 2BD/1BTH residences, one 1BD/1BTH, and one 1BD+Den/1BTH and two original 1BD/1BTH units currently occupied by long-term tenants paying below-market rents. The two original units represent significant upside for a new owner to bring these final two units to the same finish level and rent tier as the rest of the building, without touching the renovated units or any stabilized income. In-place renovated rents at Fairseas already reach $1,800 on the one bedroom, validating the finish level and rental capability. The property sits on an 8,400 square foot LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable North Queen Anne location: 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.

1401 W Bertona Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,725,000
2531058 MLS ⋅ ACTIVE Status
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 6.7% 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.

5816 14th Avenue NW, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,400,000
2530629 MLS ⋅ ACTIVE Status
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

601 21st Avenue, Seattle

Listing courtesy of Asay Realty.

$1,299,000
2531014 MLS ⋅ ACTIVE Status
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. Unit #1575 will be vacant by Oct. 1st. for easy transition. Full roof replacement in 2015. Home and sewer inspections available upon request. The expansive Soundview Playfield is nearing completion of a major renovation.

1573 NW 90th Street, Seattle

Listing courtesy of Lake & Company.

$799,950
2527876 MLS ⋅ ACTIVE Status
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.

10033 Des Moines Memorial Drive S, Seattle

Listing courtesy of John L. Scott, Inc.

$870,000
2530515 MLS ⋅ PENDING SHORT SALE Status

7542 Roosevelt Way NE, Seattle

Listing courtesy of RE/MAX Northwest.

$3,350,000
2529866 MLS ⋅ ACTIVE Status
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.

2362 Franklin Avenue E, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$749,950
2528177 MLS ⋅ ACTIVE Status
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.

10417 Aqua Way S, Seattle

Listing courtesy of eXp Realty.

$2,500,000
2528598 MLS ⋅ ACTIVE Status
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 around $300K. 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.

2317 22nd Avenue S, Seattle

Listing courtesy of John L. Scott Mill Creek.

$900,000
2524678 MLS ⋅ ACTIVE Status
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.

1056 S Sullivan Street, Seattle

Listing courtesy of Lake & Company.

$2,930,000
2524172 MLS ⋅ ACTIVE Status
Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 6.0% cap rate and 10.1 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 6.5% cap rate and 9.5 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.

525 E Roy Street, Seattle

Listing courtesy of Kidder Mathews.

$2,250,000
2515956 MLS ⋅ ACTIVE Status
Stately Eastlake Craftsman Triplex with amazing Lake Union, Mountains, Space Needle, and downtown views! Three complete distinct sizeable homes, each on individual floors! This Architectural Gem features expansive grand living and dining rooms with classic Craftsman style coved and beamed ceilings, picture molding, some original light fixtures, hardware, and polished hardwood floors that fill the main rooms of this impressive property. Brick mantled fireplaces with decorative timber finish occupy 2 of the units living rooms. Updated kitchens in each unit with newer appliances are adjacent to light and bright family rooms. Every bedroom is oversized with good closet space, and plenty of light. Additionally, each unit has 2-upgraded-bathrooms, with a combination of tubs and walk-in showers. Private viewing decks off of each home's family room. Alley-adjacent parking includes a RARE 2 CAR GARAGE plus 3 uncovered spaces, total 5 cars. Top floor IN-UNIT laundry, plus spacious updated laundry room in basement. MIDRISE ZONED PROPERTY (MR) offers development potential (7 stories) with major enhancement of 180 degree city/lake/mountain views. A certified property survey is included.

2025 Boylston Avenue E, Seattle

Listing courtesy of Windermere RE West Campus Inc.

$860,000
2521049 MLS ⋅ ACTIVE Status
NEW PRICE + SELLER INCENTIVE! Seller is offering up to $10,000 toward buyer credit with an acceptable offer. Fully occupied Seattle triplex in the Rainier Valley corridor, offering a compelling blend of current occupancy, versatile unit mix, and long-term potential. The property features two 1-bedroom/1-bath units plus a spacious 3-bedroom/2-bath unit—an appealing layout for a variety of ownership and rental strategies. A standout feature is the rare six off-alley parking spaces, adding everyday convenience and value in a connected Seattle location. Interiors are finished with premium touches w/ double-panel windows, tile floors, slab-granite countertops, gas cooking, in-unit washers/dryers, and stainless steel appliances. All units have been freshly painted by a professional team. Documented multi-year maintenance history reflects consistent care and pride of ownership. Ideally positioned between Hillman City and Brighton, with convenient access to Rainier Ave S, I-5, I-90, light rail, transit, parks, neighborhood amenities, and major employment centers. An excellent opportunity to own a well-maintained, occupied multifamily property in one of Seattle’s established and evolving neighborhoods. Financial information, rent roll, and maintenance records available for buyer review. Buyer to verify all information and comply with existing leases and applicable landlord-tenant requirements.

4207 S Bateman Street, Seattle

Listing courtesy of eXp Realty.

$1,195,000
2513661 MLS ⋅ ACTIVE Status
Exceptional Ballard duplex investment opportunity in one of Seattle’s most sought-after neighborhoods. Originally built in 1900 and thoughtfully renovated, this property blends historic character with modern upgrades, offering a unique combination of charm, functionality, and long-term value. Located in the heart of Ballard, residents enjoy a highly walkable lifestyle with easy access to restaurants, coffee shops, breweries, grocery stores, parks, public transit, and neighborhood amenities. The property features two well-designed units, including a spacious 4-bedroom, 3-bath upper residence and a 2-bedroom, 1-bath lower unit, creating multiple income-producing opportunities. Ideal for investors seeking strong rental demand, house hackers looking to offset their mortgage with rental income, or owner-occupants wanting a multigenerational living arrangement. LR2-RC zoning provides valuable flexibility for both residential and commercial uses, enhancing future redevelopment and appreciation potential. This low-maintenance Seattle duplex offers an attractive combination of current cash flow, long-term equity growth, and investment versatility in a prime Ballard location. Conveniently located near Downtown Ballard, Golden Gardens, major employment centers, and transit routes, this is a rare opportunity to acquire a renovated multifamily property in one of Seattle’s strongest rental markets. Please do not disturb tenants.

6753 14th Avenue NW, Seattle

Listing courtesy of Berkshire Hathaway HS NW.

$780,000
2517528 MLS ⋅ ACTIVE Status
Prime investment opportunity in the heart of Georgetown, Seattle! This duplex offers two 2-bedroom, 1-bath units totaling 1,440 square feet, with each unit spanning 720 square feet and designed for practical, income-producing living. Built in 1985 and fully fenced, this property is well-suited for investors seeking stable cash flow with upside potential. Each unit includes essential appliances for tenant use. Unit 1 features an oven, refrigerator, washer, and dryer. Unit 2 includes an oven, refrigerator, dishwasher, washer, and dryer. Zoned LR2(M); value in land. One unit offers a value-add opportunity through cosmetic updates, giving investors the ability to increase rents and build equity over time. Located in the sought-after Georgetown neighborhood with strong rental demand, proximity to major employment hubs, and easy access to downtown Seattle and key commuter routes, this property checks key boxes for long-term portfolio growth. Solid income now with room to improve. Don’t miss this value-add multifamily opportunity in a high-demand Seattle market.

6919 Carleton Avenue S, Seattle

Listing courtesy of KW Mountains to Sound Realty.

$975,000
2519144 MLS ⋅ ACTIVE Status
First time on the market in 33 years, and it shows. This turnkey West Queen Anne fourplex has been quietly held under single ownership for over three decades and is ready for a new investor to step in and collect. Four one-bedroom units, hardwood floors throughout, dishwashers in every unit, and Unit 4 comes with its own in-unit washer and dryer. Large basement storage accessible to all tenants. Off-street parking and a fenced backyard round it out. Live in one and rent the rest, this is a classic owner-occupy setup in one of Seattle's strongest residential neighborhoods. Queen Anne continues to command premium rents, attract long-term tenants, and hold its value through every market cycle. Current rents are below market with a clear upside path to $6,980/month. Zoned LR3(M) with long-term redevelopment optionality and potential to convert existing space into additional units, a value-add angle that is increasingly rare to find in this submarket. Steps from Metro Route 2, the RapidRide D Line, Seattle Center, Climate Pledge Arena, Kerry Park, and some of the best dining and retail in the city. Median household income within one mile exceeds $151,000. Strong bones, great location, proven demand. Priced at $262,500 per unit — bring your buyers.

2258 14th Avenue W, Seattle

Listing courtesy of Westlake Associates, Inc..

$945,000
2518454 MLS ⋅ ACTIVE Status
Rare and versatile opportunity in the highly desirable Ballard / West Woodland neighborhood. This well-located triplex at 4903 3rd Ave NW offers a unique combination of immediate rental income and future flexibility. The property currently operates as a triplex but presents a rare and relatively straightforward opportunity to convert the structure back into a spacious single-family residence if desired. The building’s layout and single-structure configuration make it well suited for a buyer looking to reimagine the property as a large custom home, while still maintaining the option to generate rental income in the meantime. For investors, the existing units provide steady income potential in one of Seattle’s strongest rental markets. For owner-occupants or builders, the property offers the chance to create a substantial single-family home in a premier neighborhood without starting from the ground up. Ideally located just minutes from Ballard, Fremont, Green Lake, and Woodland Park, with easy access to shops, restaurants, parks, and major commuter routes. Opportunities like this—combining location, income potential, and future conversion flexibility—are increasingly rare in this sought-after Seattle neighborhood. A truly flexible property with long-term upside for investors, developers, or homeowners looking to create their dream residence.

4903 3rd Avenue NW, Seattle

Listing courtesy of Synergy Mrgrs & Acq. LLC.

$1,260,000
2506572 MLS ⋅ ACTIVE Status
Turnkey four-unit investment opportunity in Seattle’s sought-after Ravenna neighborhood, offering strong in-place income, tenant appeal, and future redevelopment upside. This rare “Rambler style” features four corner units with identical floor plans in a single-level building, creating efficient management, broad rental appeal, and long-term flexibility. Located on a quiet residential street with easy access to the University of Washington, downtown Seattle, Ballard, and I-5, this property sits in one of North Seattle’s most desirable rental corridors. Three units feature brand-new kitchens and bathrooms, while restored original wood floors and added LVP flooring enhance durability and appeal. Each unit includes a private garden entry, with shared laundry and 4+ parking spaces, adding convenience for tenants. Set on a 4,460 SF lot with L3(M) zoning and upzoned potential for additional units, this asset offers both immediate income and future upside. Preferred lender financing on the investment, not your W-2's - 25% down 5/6 ARM interest only giving you $757/mo positive cashflow - naturally subject to change based on rates.

2110 NE 85th Street, Seattle

Listing courtesy of Bentley Properties.

$3,095,000
2518111 MLS ⋅ ACTIVE Status
The Jennifer Marie is a 10-unit apartment building located in the heart of Seattle’s Eastlake neighborhood. Built in 1969, the property features a mix of 1BD, 2BD, and 3BD units totaling 8,850 rentable square feet on a 6,600 square foot lot zoned LR3 (M). The building is in strong physical condition with major systems in great shape. New roof was installed in May 2025 and comes with a transferable warranty. 8 units received new luxury vinyl plank (LVP) flooring when they were turned over between late 2023 and early 2024. The kitchens and bathrooms across the building remain largely original, creating a clear renovation path in targeted improvements to push rents from the current average of $2,197 to a projected $2,663, a 21% increase. The building has 12 parking stalls (9 open and 3 covered tandem). 2 units are currently nonconforming. The Seller has invested in architectural plans and worked with the City of Seattle to prepare a legalization permit. The permit is teed up for a buyer to go to the city, pay the outstanding fees, and pick it up (buyer to verify).

2318 Yale Avenue E, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,495,000
2517241 MLS ⋅ ACTIVE Status
Opportunity for Development in Prime Leschi Location Rare 8,000 sq. ft. double lot in the highly sought-after Leschi neighborhood, offering partial views of Lake Washington. Exceptional opportunity for investors, builders, or developers seeking strong land value and future upside. Property is zoned LR1, presenting potential for redevelopment or reconfiguration (Buyer to verify). Existing 1901 Victorian structure has been converted into four residential units, providing interim income while planning your project. Value is primarily in the land and development potential. Owner occupies one unit—subject to landlord/tenant laws. Do not disturb tenants or access property without an appointment. Possible seller financing. Buyer to verify all information to their own satisfaction.

3004 E Yesler Way, Seattle

Listing courtesy of KR Brokers.

$1,749,500
2516840 MLS ⋅ ACTIVE Status
4-Unit Investment Opportunity | 3.5 Assumable VA Loan @3.5% | Perfect Owner-Occupant / House Hack | Beacon Hill Views | Exceptional opportunity to own a well-located 4-unit property on North Beacon Hill with sweeping Sound, city, and mountain views. This classic 1900-built building offers character, flexibility, and strong appeal for investors, owner-occupants, and potential short-term rental use. Unit mix includes a 3-bedroom view penthouse, 2-bedroom unit, studio, 1-bedroom garden unit, plus a non-conforming caretaker unit. With units coming available, this is a prime opportunity for an owner-user to step in while maintaining rental income. The top unit also benefits from solar offset for electric use. Located on a quiet street near light rail, Downtown Seattle, SODO, and major commuter routes. A standout North Beacon Hill asset with income, views, flexible living options, and long-term upside. Ideal for house hacking, multi-generational living, or long-term investment.

1745 12th Avenue S Unit #1 - 4, Seattle

Listing courtesy of Keller Williams Downtown Sea.

$2,995,000
2503489 MLS ⋅ ACTIVE Status
6.26% CURRENT CAP RATE | Capri Apartments is a meticulously maintained 15-unit, courtyard-style apartment community located in the bustling Lake City neighborhood of Northeast Seattle. Originally constructed in 1962, Capri features copper plumbing and has undergone significant capital improvements over the past decade, including a new PVC roof (2024), updated electrical breaker panels (2016), luxury vinyl plank flooring and stone countertops in all units, double-pane vinyl windows, and a renovated exterior staircase, positioning the asset as both a desirable community for residents and a low-maintenance investment for ownership. The property offers an ideal unit mix, comprised of nine 2-bedroom units averaging 783 square feet and five 1-bedroom units averaging 683 square feet. Residents benefit from a central courtyard setting with lush greenery, on-site communal laundry (two washers & two dryers), 14 large storage lockers, and 16 off-street parking stalls available on a first-come, first-served basis. A new investor can capitalize on Capri’s current operations, which generate a 6.26% cap rate on in-place income, or execute a value-add business plan by converting the common laundry room into a 16th studio apartment (buyer to verify) and installing ventless, all-in-one washer/dryer combo units in each apartment to capture a 7.25% cap rate post renovation.

11521 26th Avenue NE, Seattle

Listing courtesy of Blake Investment Advisors.

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