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Seattle Multi-Family Properties for Sale

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Newest Seattle Multi-Family Homes for Sale

$1,795,000
2564292 MLS ACTIVE Status
Born in 1909, this 4,400 square foot Old Grand Dame sits majestically above the street, one block from Green Lake's beloved 2.8-mile loop, three blocks from the charming Tangle town business district, & at the heart of Seattle's most coveted trifecta: Green Lake, Tangle town & Wallingford. Rare, storied, & alive with possibility. Originally built as a live-in boarding house, this turn-of-the-century treasure spans Woodlawn to Meridian w/ views out to the lake & the kind of bones that make architects & dreamers go quiet. High ceilings on every floor, box-beam ceiling details, classic fixtures & finishes, two full kitchens & an oversized two-car garage w/ shop space. Whether you envision a grand single-family restoration, a boutique bed-&-breakfast, a co-housing sanctuary, multigenerational living, or a savvy legal duplex income property, this open palette awaits your vision. Six to seven bedrooms (though 2-3 presently non-conforming), three baths & LR1 RC(M) zoning, unlocks multi-family as well as residential commercial potential & puts multiple possibilities, firmly in your hands. Step outside & the neighborhood does the rest; two PCC Markets, Whole Foods, boutique fitness studios, beloved local restaurants & bars, w/ the energy of Phinney Ridge, Maple Leaf, Fremont, Greenwood, Wallingford & the university, just blocks away. Walk Score 81, Bike Score 87, & ten minutes to Downtown. If you've ever dreamed of breathing new life into something truly one of a kind.

6238 Woodlawn Avenue N, Seattle

Listing courtesy of Windermere RE Greenwood.

$5,800,000
2563789 MLS ACTIVE Status
Henderson Arms Apartments, a value-add multifamily property located in the Rainier Beach neighborhood of Seattle’s Rainier Valley submarket. The property presents a compelling opportunity for investors seeking stable in-place income, value-add upside, and long-term ownership in a high demand and supply-constrained rental corridor. Henderson Arms Apartments is comprised of a desirable mix of 33-1bed/1bath and 6-2bed/1bth units. The units consist of a blend of updated and classic finishes, offering immediate rental appeal with clear upside through strategic renovations. Building features include double-pane windows, secured entry, private balconies, ample storage and common-area laundry facilities. The property also presents the potential for additional unit development with a largely unutilized full height basement, providing an attractive path to increase density and future income. Off-street parking and a well-maintained residential setting further enhance tenant appeal and retention. Situated in a strong Seattle rental market, Henderson Arms benefits from convenient access to major transit routes, neighborhood retail, parks, and employment centers throughout Downtown Seattle, Columbia City, and the broader I-5 corridor. The surrounding area continues to experience steady renter demand driven by affordability constraints and proximity to regional job hubs

4803 S Henderson Street, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$4,496,000
2563184 MLS ACTIVE Status
ALKI BEACH | Capturing the Pacific Northwest Lifestyle at Its Finest A rare opportunity to own one of Alki Beach's iconic historic brick apartment buildings, where timeless architecture meets one of Seattle's most sought-after waterfront locations. Built in 1928, this architectural gem showcases beautifully crafted masonry, rich period details, and exceptional craftsmanship that simply cannot be replicated today. It has stood as part of Alki's identity for nearly a century. Positioned directly across from Alki Beach, residents enjoy unobstructed views of Puget Sound, the Olympic Mountains, breathtaking sunsets, and the ever-changing beauty of the Pacific Northwest. Watch Washington State ferries cross Elliott Bay, sailboats glide along the shoreline, and commercial vessels navigate one of the world's most scenic waterways, all from home. Just outside the front door, experience the best of Alki's vibrant beach community. Walk to popular restaurants, cafés, and waterfront attractions, or enjoy miles of sandy shoreline. The 2.5-mile Alki Trail is perfect for walking, jogging, biking, rollerblading, or taking in spectacular evening sunsets. Spend summer evenings gathered around the beach fire pits, launch a paddleboard or kayak, or simply relax while enjoying the sights and sounds of Seattle's most beloved waterfront. This is more than an investment. It is an opportunity to own a landmark property in one of the city's most iconic and enduring neighborhoods.

2452 Alki Avenue SW, Seattle

Listing courtesy of John L. Scott, Inc..

$1,100,000
2560520 MLS ACTIVE Status
Unmatched flexibility and prime growth potential converge at this rare corner-lot opportunity in one of Seattle’s most rapidly expanding neighborhoods. Developers, don't miss out on the only available lot in this rapid growth area. Currently featuring a fully functioning, cash-flowing duplex set on a sprawling, level yard, this property allows you to buy and hold for immediate rental income while holding a prized canvas for high-density future development. Zoned **MIO-37-LR3 (M)**—combining highly permissive Lowrise 3 capacity with a 37-foot Major Institution Overlay height limit and MHA framework—the lot provides exceptional structural envelope advantages and flexible layout options. Take full advantage of Seattle’s progressive urban planning codes and streamlined middle-housing provisions to construct townhomes, rowhouses, or a modern multi-unit residential project in a high-demand, transit-rich corridor. Rent lower unit $2,600 Rent forecast upper unit $3,500 Also We did the math for you using Ai below: Target Unit Yield: On a 3,000 sq ft parcel in LR3, developers typically yield 3 townhomes (approx. 1,800–2,000 sq ft each) or 6 to 8 micro-apartments/flats, depending on core efficiency and circulation space. MIO-37 Structural Fit: The 37-foot Major Institution Overlay height limit easily accommodates a clean 3-story frame (approx. 10–11 ft floor-to-floor) with room for flat roof decks or parapets

3115 Queen Anne Avenue N, Seattle

Listing courtesy of Real Broker LLC.

$1,395,000
2556067 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.

$850,000
2555897 MLS ACTIVE Status
This Victory Heights rambler sits well back from the street, on a flat, private lot where a wooded ravine forms the back edge and mature trees filter the light all day. Sunny corners for morning coffee, shaded ones for late afternoon, and a quiet you notice the moment you step outside. Nearly a decade of thoughtful, documented work shows in every room. Bamboo floors run throughout. The primary suite carries a vaulted ceiling, heated floors underfoot, and a calm, bright spa bath with a rain shower, soaking tub, and tile work done right. Windows and doors replaced, attic and crawl spaces insulated, new furnace with enhanced filtration, on demand hot water, whole house generator wired in. Nothing here was deferred. Outside is where it opens up. A covered patio extends the season for grilling and gathering, with separate zones for working and for sitting still. Raised garden beds, pavers, pea gravel paths, and turf mean weekends are spent enjoying the yard instead of fighting it. An insulated, powered greenhouse waits for the gardener. The detached cottage out back has its own entrance, kitchenette, full bath, and loft, a private second space that works as a guest suite, a home office, a studio, or a place for extended family close by but on their own. Meadowbrook Community Center with its pool and tennis courts sits minutes away, along with schools, bus lines, shops, restaurants, and the Lake City Farmers Market. Close to everything and quiet enough to hear the trees.

11350 28th Avenue NE, Seattle

Listing courtesy of Windermere R.E. Shoreline.

$1,395,000
2553650 MLS ACTIVE Status
Perched above street level in highly desirable Beacon Hill location, this updated 4,220 sqft. 4-plex offers a blend of scale, flexibility, and rental upside. Property features 6Br/5Ba across 4 spacious units on a 5,040 sqft. LR2 lot, with 4 uncovered alley-access parking spaces. Enjoy exceptional transit access—just 5 blocks from the Beacon Hill light rail station and approx. 10 blocks from newly opened East Link at Judkins Park—with easy connections to I-5, I-90, downtown Seattle, Bellevue, schools, parks, and neighborhood amenities. Unit 1 (first floor) spans approx. 1,400 sqft. offers a 1Br/1Ba layout with living room, kitchen & dining area. Unit 2 (main floor) also approx. 1,400 sqft. with 2Br/2Ba, including a primary ensuite, and a recently updated kitchen featuring S/S appliances, granite counters, handsome cabinetry, and direct access to the gated backyard. Unit 3 occupies the front portion of the upper floor, approx. 600 sqft. with 1Br/1a, a kitchen with dining space, and a generous living area. Unit 4, located at the rear of upper floor, approx. 800 sqft. with 2Br/1Ba, ample living room and dining, and a bright kitchen opening to a private deck for extended living space. Notable features include good ceiling heights throughout, LVP & hardwood floorings, 2 water heaters, coin-op washer & dryer, and extra storage. A rare opportunity to own a well-located multifamily asset with strong livability, transit convenience, excellent bike and walk scores, and future potential.

2021 15th Avenue S, Seattle

Listing courtesy of John L. Scott Des Moines.

$4,300,000
2552631 MLS ACTIVE Status
Come see all that Eastbay Apartments has to offer! A boutique mixed-use investment opportunity located in Seattle’s desirable West Queen Anne neighborhood. Built in 2011, the Property consists of 12 multifamily units & two ground floor commercial spaces, offering investors diversified income within one of Seattle's most sought after urban sub markets. The Property features a well-balanced unit mix including one studio unit, four one-bedroom units, three two-bedroom/one-bath units, two two-bedroom/two-bath units, and two top-floor two-bedroom/two-and-a-half-bath townhome units with private rooftop decks. The units feature spacious layouts & premium interior finishes, including in-unit washer/dryers, granite countertops, stainless-steel appliances & modern cabinetry designed to appeal to Seattle’s professional renter demographic. Eastbay Apartments benefits from its strategic location in West Queen Anne with convenient access to Seattle’s major employment centers including South Lake Union, Downtown Seattle, Ballard, and Interbay. The surrounding neighborhood provides residents with proximity to Magnolia’s parks, waterfront amenities, restaurants, and neighborhood retail destinations, creating a strong live-work-play environment that continues to attract young professionals and families. The Property also includes two levels of secured garage parking with 15 spaces and 12 on-site storage units, enhancing tenant convenience and supporting long-term occupancy stability.

3232 15th Avenue W, Seattle

Listing courtesy of John L. Scott, Inc.

$1,210,000
2551898 MLS ACTIVE Status
Phinney Ridge spacious duplex near Woodland Park with stable income and strong upside potential. Exceptional property for an investor completing a 1031 exchange or looking to expand a multifamily portfolio. Each unit offers over 1300 sq ft of living space with 2 bedrooms and 1.75 bathrooms providing tenants an abundance of space to relax, work from home or find privacy. Additionally, there is over 1100 sq ft of unfinished basement space with separate entrance, offering a blank canvas for your ideas. Each unit has a w/dryer. Enhance your investment through future upgrades to the existing units while potentially adding another unit or creating unique amenities for yourself or for your tenants in the lower level. The property is zoned LR1(M) on a 5,000 sq ft lot offering future development potential. Both units currently occupied by tenants, providing immediate rental income. The exterior was refreshed in June 2026, all siding, window trim, deck, patio, railings & stairs professionally washed & painted. Fully fenced grassy backyard, 1 car-gar & driveway parking. Convenient commuter access to downtown Seattle or Eastside, including nearby public transit. Enjoy Woodland Park Rose Garden and nearby Green Lake & Fremont restaurants and cafes. Fantastic opportunity to acquire an income-producing property today with the option to owner-occupy in the future in one of Seattle's most desirable neighborhoods. Buyer to verify all information & permitted uses to their own satisfaction.

4707 Phinney Avenue N, Seattle

Listing courtesy of eXp Realty.

$1,200,000
2551244 MLS ACTIVE Status
Perched high above the street, in one of Seattle's most reliably rented neighborhoods, this triplex provides a genuine sense of privacy and security to tenants, a sought-after respite increasingly rare in urban Seattle. These features, plus four parking stalls on a private dead-end alley, in-unit laundry, and northwest facing decks translate directly into tenant stability.All three units are currently occupied. Financials include a normalized cap rate on actual rents. The normalized figure removes one-time repairs, costs not inherited by a new owner. The vacancy reserve is a conservative underwriting cushion, not a reflection of this property's rental history.Unit 1 produces strong income today with fireplace, full appliances, and a private deck. Units 2 & 3 rents are below Interbay market rate for in-unit laundry 1BRs, offering a clear path to a higher cap rate and upside potential without capital investment.Solidly built, this triplex features a standing metal roof, copper plumbing, and fresh exterior paint. Added storage in the 330 SF flexible basement. Native landscaping keeps grounds simple to maintain with minimal costs. Fix up interiors on your timeline and collect strong rents in the meantime.Zoned LR1(M) on a 6,000 SF lot with alley access along a corridor that attracts density & long-term investment. This Interbay triplex offers a stable, fully occupied diamond-in-the rough asset with clear upside potential & multiple paths to improved returns.

3438 14th Avenue W, Seattle

Listing courtesy of Engel & Voelkers Seattle DT.

$1,600,000
2550329 MLS ACTIVE Status
We are pleased to present the Bertona Apartments, a 7-unit apartment community built in 1958 in Seattle’s coveted North Queen Anne neighborhood, delivered fully vacant at closing. This rare offering gives investors and owner-occupants the immediate ability to lease all units at current market rents, pursue targeted renovations, or both, with no inherited lease obligations. The building offers seven one-bedroom units with efficient layouts, 8 surface parking spaces, and a dedicated common laundry and storage area. The top floor unit is a standout, canal views and a large private deck make it an ideal owner-occupant penthouse or a premium rental commanding top-of-market rents. A comprehensive capital improvement program addressed building envelope repairs and plumbing upgrades in 2017, a full roof replacement in 2006, electrical upgrades in 2024, and new flooring throughout, allowing a new owner to direct capital toward light interior finishing rather than deferred maintenance. Positioned in North Queen Anne with seamless access to Fremont, Ballard, Interbay, South Lake Union, and Downtown Seattle, and within easy reach of Apple, Anthropic, Meta, Google, Amazon, and Expedia, the Bertona Apartments sit in one of Seattle’s most consistently in-demand rental submarkets. With a well-maintained building, a compelling owner-user opportunity, and a fully vacant delivery, this is an immediately executable opportunity to lease, reposition, and maximize returns from day one.

650 W Bertona Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$2,800,000
2550353 MLS ACTIVE Status
We are pleased to present the Cremona Apartments, an 11unit apartment community built in 1961, offered to the market fully vacant at closing. This rare delivery provides investors and owner-occupants alike the immediate ability to lease all units at current market rents, pursue targeted renovations, or both with no displacement concerns and no inherited lease obligations. The building offers a well-rounded unit mix of one studio, six one-bedrooms, one one-bedroom plus den, and three two-bedrooms, set on a quiet residential street with six surface parking spaces. The common area, which houses individual storage units and a shared laundry hookup, is generously proportioned and may present an opportunity to incorporate into the adjacent studio unit as additional net rentable space, buyer to verify. Centrally positioned between Ballard, Fremont, South Lake Union, and Downtown Seattle, residents enjoy convenient access to the city’s most active employment corridor, with Meta, Apple, Anthropic, Google, Amazon, and Expedia all within easy reach. The Cremona Apartments represent an immediate executable opportunity in one of Seattle’s most desirable and supply-constrained neighborhoods. Delivered vacant, priced for today’s market, and positioned within minutes of Seattle’s strongest employment and lifestyle anchors, this is a rare chance for a new owner to set rents, define the tenant profile, and reposition the asset from day one with zero friction.

34 W Cremona Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

$3,400,000
2550372 MLS ACTIVE Status
We are pleased to present the Emerson Apartments, a 12-unit apartment community built in 1965 in Seattle’s coveted North Queen Anne neighborhood, delivered fully vacant at closing. This rare offering gives investors and owner-occupants the immediate ability to lease all units at current market rents, pursue targeted renovations, or both, with no inherited lease obligations and no displacement concerns. The building offers 6 1BD and 6 2BD with spacious bedrooms, living areas, and select units featuring private decks with canal views. There are 12 surface parking spaces and a dedicated laundry and storage room on each of the 3 floors. Major systems are addressed: new siding and exterior painting in 2002, a roof replacement, electrical upgrades in 2023 and 2024, and interior renovations in 2015 covering new appliances, kitchen and bathroom remodeling, and new exterior doors throughout. A new owner can direct capital toward light interior value-add rather than deferred maintenance. Positioned on W Emerson Street, the Emerson Apartments offer seamless access to Interbay, Fremont, Ballard, South Lake Union, and Downtown Seattle, with major employers including Apple, Meta, Anthropic, Google, Amazon, and Expedia all within easy reach. With a well-maintained building and fully vacant delivery, the Emerson Apartments represent an immediate executable opportunity to lease, reposition, and maximize returns from day one.

600 W Emerson Street, Seattle

Listing courtesy of Lee & Associates Commercial RE.

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