Multi Family homes for sale & real estate in Central Area, WA

Multi Family Home for sale in Central Area, WA:

Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle’s most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.

Multi Family Home for sale in Central Area, WA:

Classic 22-unit Capitol Hill trophy asset built in 1928 just off the vibrant Broadway retail corridor in a quiet residential setting with excellent access to bars, restaurants, shops, and amenities. Brimming with old-world charm, the building features stained glass, vintage tile, coved ceilings, and arched doorways that attract residents who value character. Strong in-place cash flow with upside by bringing classic units to market rent or completing full renovations to achieve top-of-market rents. Just two blocks to Capitol Hill Light Rail and offering gated parking for added convenience.

Multi Family Home for sale in Central Area, WA:

Built in 1968, this 19-unit apartment building offers an A+ Capitol Hill location in the heart of the 19th Ave E retail corridor, just steps from some of Seattle’s top restaurants and bars. The property features a desirable mix of spacious 1-bedroom and 2-bedroom units averaging approx. 706 SF, ample parking, and updates to key building systems. In-place operations provide steady, strong cash flow with clear upside through rent increases and unit improvements. Situated on a 16,800 SF parcel with NC1-55(M) zoning, 509 presents an exceptional value-add, land-bank, and future redevelopment opportunity in one of the city’s most coveted neighborhoods.

Multi Family Home for sale in Central Area, WA:

Located in the absolute heart of Capitol Hill, this historic fourplex is available for the first time in 25 years. Perched on a 5,400 square foot lot zoned LR1 (M) fronting East Harrison with an alley down the east side, enjoy the current building with potential to add more units on the ample rear yard. One current Airbnb unit would allow for easy owner occupancy in the near term, longer term leases on the other units. Meticulously maintained, pride of ownership throughout.

Multi Family Home for sale in Central Area, WA:

814 E. Howe Street offers a serene setting with convenient access to SLU, Downtown, I-5, SR 520, and the Eastside. The property has had updates to the sewer, plumbing, and main water line systems. Significant renovations have been made to 3 units, while the other 2 have benefited from some updates. The building boasts 3 oversized two-bedroom homes, each making for a Lake Union view owner-occupant opportunity. Units showcase oak floors, 9' ceilings, and updated dual-pane windows. Select units boast remodeled kitchens, new baths, and in-unity laundry. Multiple apartments offer Lake union and skyline views. Parking for 5 vehicles (2garage). This is a likely opportunity for 10%+ upside (raised

Multi Family Home for sale in Central Area, WA:

Westward Apartments is a turnkey 16-unit multifamily asset located in North Beacon Hill. Built in 1958 and renovated in 2016, the property offers a mix of one-and two-bedroom units with updated finishes and modernized systems. With near 100%year-round occupancy and rents averaging $1,792 remain below the market average of $1,896, offering immediate upside through rent growth. Westward's North Beacon Hill location offers residents walkable access to transit, light rail, neighborhood amenities, and proximity to major employment hubs including the headquarters of Amazon, Microsoft, T-Mobile, Starbucks & Costco. Year 1 NOI of $266,445 and a market cap rate of 5.7%.