Portage Bay Homes with 55 - 5-9 Units Style

Welcome to Portage Bay, one of Seattle's most enchanting neighborhoods, where stunning waterfront views and vibrant community life come together to create a truly unique living experience. Nestled in King County, this picturesque area is bordered by the serene waters of Portage Bay and offers residents an idyllic blend of urban convenience and natural beauty.

As you stroll through Portage Bay, you’ll find charming homes that reflect the neighborhood's rich history and character. The architectural style predominantly features well-maintained buildings with 5-9 units, offering a cozy, community-oriented atmosphere that is rare in larger urban settings. These homes are perfect for those seeking a balance between privacy and connection, with many units boasting stunning views of the bay and easy access to waterfront parks.

Residents of Portage Bay enjoy a plethora of amenities, including delightful cafes, boutique shops, and local markets that showcase the best of Seattle’s culinary scene. The nearby University of Washington adds a youthful energy to the area, while the well-connected public transport options make commuting a breeze.

Outdoor enthusiasts will appreciate the abundance of recreational activities available, from kayaking on the bay to leisurely walks along the scenic waterfront trails. With its friendly vibe and a strong sense of community, Portage Bay is not just a place to live; it’s a lifestyle. Whether you’re a first-time homebuyer or looking to downsize, this neighborhood offers the perfect backdrop for creating lasting memories in the heart of Seattle. Come discover the charm of Portage Bay—your dream home awaits!

Newest Portage Bay Homes with 55 - 5-9 Units Style

$2,750,000

2568199 MLS ⋅ ACTIVE Status

The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

3261 Fuhrman Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

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