Queen Anne Homes with 55 - 5-9 Units Style

Welcome to Queen Anne, one of Seattle's most enchanting neighborhoods, where the charm of historic architecture meets modern living. Nestled atop a hill, Queen Anne offers breathtaking views of the Seattle skyline and the shimmering waters of Puget Sound, making it a coveted location for those seeking a vibrant urban lifestyle paired with serene residential charm.

The neighborhood is characterized by its picturesque tree-lined streets, beautifully preserved Victorian homes, and an eclectic mix of contemporary dwellings. Among the housing options, you’ll find delightful homes with 5-9 units, ideal for those looking to invest in a multi-family property or seeking a sense of community living. These homes often feature spacious layouts, inviting common areas, and are designed to foster connections among neighbors while providing the comfort and privacy of individual residences.

Queen Anne is not just about stunning homes; it’s also a hub of culture and activity. Residents enjoy easy access to an array of boutique shops, gourmet restaurants, and local coffee houses, all within walking distance. The neighborhood is home to several parks, including the iconic Kerry Park, where you can take in one of the best views of the Seattle skyline, especially at sunset.

With its rich history, vibrant community, and stunning views, Queen Anne is more than just a place to live; it’s a lifestyle. Whether you’re looking to settle down or invest, this neighborhood offers a unique blend of charm, convenience, and character that’s hard to resist. Come explore Queen Anne and discover your perfect home among its charming streets!

Newest Queen Anne Homes with 55 - 5-9 Units Style

$1,900,000

2596566 MLS ⋅ ACTIVE Status

Rare Lower Queen Anne investment opportunity! This charming six-unit apartment building combines an exceptional Seattle location with a compelling value-add opportunity.? All six units have been recently renovated and feature a desirable mix of four two-bedroom/one-bath units and two one-bedroom/one-bath units.? Historically low tenant turnover and strong rental demand make this an attractive income-producing asset.? A rare seven-car parking lot, separate paid laundry room, and individual water meters for each unit add to the appeal.? With parking at a premium and future redevelopment potential to explore, this property offers investors the opportunity to hold a well-located asset today while considering its longer-term upside.?

714 N 1st Avenue N, Seattle

Listing Broker: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.com

$2,395,000

2584915 MLS ⋅ ACTIVE Status

Exceptional investment opportunity in Seattle’s North Queen Anne neighborhood! 163 Etruria is a 9-unit apartment building featuring spacious one-bedroom, one-bathroom residences averaging 831 square feet. Built in 1975, the property offers approximately 7,475 net rentable square feet, shared laundry facilities, and off-street parking. Ideally situated near Fremont, Seattle Pacific University, and the Fremont Cut, residents enjoy convenient access to dining, shopping, entertainment, and major employment centers. Investors have an opportunity to increase income through unit renovations, rental growth, utility reimbursements, and parking revenue. Offered at $2,395,000 with a 6.13% in-place cap rate, the property presents an opportunity to acquire a well-located multifamily asset with value-add potential.

163 Etruria Street, Seattle

Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com

$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 Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

$1,575,000

2576773 MLS ⋅ ACTIVE Status

Owner financing available. Exceptional investment opportunity on the western slope of Queen Anne. This well-maintained mid-century five-plex offers strong income, consistently low vacancy, and compelling long-term potential. The building and all five units are in great condition and each unit has its own dedicated storage unit in the basement. An attractive cap rate provides solid returns today with potential to further maximize income over time. The location provides quick access to Interbay, Ballard, Fremont, Magnolia, Downtown Seattle, and Highway 99, making it highly desirable for tenants seeking convenience and connectivity. Residents also enjoy easy access to Queen Anne's vibrant restaurants, cafés, shopping, parks, and major employment centers. A dependable, income-producing asset in one of Seattle's premier neighborhoods, with the potential to benefit from continued appreciation and future value-add. Pre-listing inspection report available upon request.

2822 14th Avenue W, Seattle

Listing Broker: Coldwell Banker Danforth; Heather Heinzen; 206-579-5133; heatherheinzen@gmail.com

$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 Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com

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Queen Anne Homes with 55 - 5-9 Units Style

Newest Queen Anne Homes with 55 - 5-9 Units Style

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