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Seattle Multi-Family Properties for Sale

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Newest Seattle Multi-Family Homes for Sale

$1,695,000
2584222 MLS ACTIVE Status
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.

819 6th Avenue N, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,485,000
2583831 MLS ACTIVE Status
Built in 1915 and still affectionately known by the neighbors as “The Farmhouse.” At the heart of the home, the kitchen overlooks the grand dining room, where boxed-beam ceilings, built-ins and warm hardwoods give a nod to the home’s history. The generous foyer gives you plenty of space to welcome your guests and opens to a generous formal living room fit with a luxurious gas fireplace and large light-filled windows that add warmth and a grand openness throughout the main floor. The large den adjacent to the dining room offers a great space for reading, working or a movie night. Coveted four bedrooms up all with generous closets and built-ins and a large bathroom. Downstairs, a bright daylight level works beautifully as a guest suite, apartment, or fully connected fifth bedroom and additional hangout space with a bonus kitchen and laundry closet. Perfect for multigenerational living, guests or rental income, the apartment is estimated to earn $1,950/month. Out back, a covered Azek deck and lower patio overlook a fully fenced yard tucked among mature trees, complete with a treehouse, climbing wall, swing and modern shed. Out front, a French-inspired garden bursts with flowers and small formal lawn perfect for greeting the neighbors walking their dogs. Private, spacious and full of personality, The Farmhouse is that increasingly rare kind of home with a story to tell that you won’t want to miss.

2534 NE 94th Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$799,950
2582649 MLS ACTIVE Status
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.

1923 15th Avenue S, Seattle

Listing courtesy of eXp Realty.

$1,150,000
2583142 MLS ACTIVE Status
1822 S King St is a Walkers Paradise with a walk score of 94, placing residents within easy reach of Downtown Seattle, major hospitals, neighborhood restaurants and shops, and convenient transit options. Constructed in 1988 and with a full-gut renovation in 2001, the building features modern systems, updated siding, and upgraded exterior stairs. Units fully renovated in 2019 with contemporary finishes, including updated kitchens and bathrooms, in-unit laundry, and 3 of four units with dishwashers. The property offers an attractive and efficient unit mix consisting of 3 one-bed units and 1 two-bed unit. The upper units each have 2 operable skylights and views of Downtown Seattle, the Olympics, and the Stadium. Each unit has its own private patio, providing desirable outdoor space rarely found in similar properties. Additional amenities include 4 off-street parking spaces. Notably, the property has demonstrated success as a short-term rental, with 1 of the one-bed units currently furnished and achieving stable income diversification. This presents a proven model for additional income generation across other units, while also offering flexibility for a future owner to pursue a mix of short-term and long-term rental strategies. With strong in-place operations, additional upside through the implementation of utility bill-backs, and a proven alternative short-term rental income strategy, the property offers investors both stability and future income growth potential.

1822 S King Street Unit #A-D, Seattle

Listing courtesy of Kidder Mathews.

$995,000
2582564 MLS ACTIVE Status
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.

1 Dravus Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$1,275,000
2582595 MLS ACTIVE Status
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.

5911 SW Admiral Way, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$2,250,000
2581844 MLS ACTIVE Status
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.

1544 NW 53rd Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$775,000
2579713 MLS ACTIVE Status
Own in central Seattle and let the second unit help offset the cost of ownership. This vacant Central Area duplex offers two 2-bedroom, 1-bath units, each with its own kitchen, in-unit laundry and lockable entry; the upper unit adds a small bonus room with walk-in closet. Live in one and rent the other. For multigenerational living, it offers that hard-to-find balance: close enough to be together, with enough separation for privacy. Or use the second unit for a long-term or furnished mid-term rental strategy. One block north of 23rd & Cherry, transit is close at hand, with Seattle University, Seattle Central College, nearby medical centers and the 23rd & Union hub all within easy reach. That close-in location works twice: it makes everyday life easier for an owner and puts the second unit near the places many renters need to be. Walk Score 90 and Bike Score 98 underscore the convenience. Just inside the shared front entry, a classic wood staircase leads to the upper unit, with front- and east-facing windows bringing natural light along the way. A shared covered front porch and fully fenced backyard add useful outdoor space, while the 1906 exterior brings classic Seattle street presence. Longstanding rental use and vacant delivery give the next owner room to shape the property around their own living and rental plans. In a neighborhood where daily needs, local favorites and major destinations are close by, this is a flexible way to put down roots in the heart of the city.

2307 E Columbia Street, Seattle

Listing courtesy of Windermere R E Mount Baker.

$2,210,720
2580220 MLS ACTIVE Status
Bon a’Ville Apartments is offering Seller Financing on this eight-unit multifamily property located at 11249 Greenwood Avenue North in Seattle’s Broadview neighborhood. Built in 1975, the three-story, wood-frame building is situated on an approximately 6,700-square-foot LR3-zoned site along Greenwood Avenue North. The property features a desirable unit mix consisting of six two-bedroom/one-bath units and two one-bedroom/one-bath units. The two-bedroom units are approximately 950 square feet, with the one-bedroom units containing approximately 650 square feet. Units feature functional floor plans, updated appliances in select units, double-pane windows, and a combination of carpet, laminate, and vinyl flooring. Several units also offer western territorial and partial Puget Sound views. Property amenities include off-street parking for each unit, secured entry with an intercom system, and on-site laundry facilities. The two top-floor units have in unit washer and dryer. The property is located along Greenwood Avenue North in Seattle’s established Broadview neighborhood, a desirable North Seattle residential area offering convenient access to neighborhood amenities, employment centers, and regional transportation. Greenwood Avenue provides a direct connection to the shops, restaurants, cafés, and services found throughout Greenwood and surrounding North Seattle neighborhoods.

11249 Greenwood Avenue N, Seattle

Listing courtesy of Capstone Commercial.

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