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Incredible value-add multifamily opportunity in Seattle’s highly sought-after Northgate neighborhood! This turn-key 6-unit building features a fantastic unit mix of four 2-bed/1-bath units and two 1-bed/1-bath units, situated back off a quiet residential dead-end street north of Green Lake. Multiple units have been beautifully and tastefully updated, including a recent comprehensive remodel of Unit 2. Every unit offers modern conveniences including in-unit washers/dryers, dishwashers, private decks, storage lockers, and dual-pane vinyl windows. 100% occupied with stable cash flow and rents still sitting below market potential. Features an attractive, low-maintenance exterior, 6 dedicated parking spaces (including 4 carport spots), and a fire sprinkler system. Unbeatable location within walking distance to the Northgate light rail/bus lines, shopping, dining, and easy I-5 access. Perfect for an investor looking for a high-performing asset in a premier rental market!

2534680 MLS ⋅ ACTIVE Status

Incredible value-add multifamily opportunity in Seattle’s highly sought-after Northgate neighborhood! This turn-key 6-unit building features a fantastic unit mix of four 2-bed/1-bath units and two 1-bed/1-bath units, situated back off a quiet residential dead-end street north of Green Lake. Multiple units have been beautifully and tastefully updated, including a recent comprehensive remodel of Unit 2. Every unit offers modern conveniences including in-unit washers/dryers, dishwashers, private decks, storage lockers, and dual-pane vinyl windows. 100% occupied with stable cash flow and rents still sitting below market potential. Features an attractive, low-maintenance exterior, 6 dedicated parking spaces (including 4 carport spots), and a fire sprinkler system. Unbeatable location within walking distance to the Northgate light rail/bus lines, shopping, dining, and easy I-5 access. Perfect for an investor looking for a high-performing asset in a premier rental market!

10732 Stone Avenue N Unit #1-6, Seattle

Listing Broker: WPI Real Estate Services, Inc.; Wei Song; 206-992-4682; wsong@wpirealestate.com

$1,750,000

A rare opportunity! Yale Properties is located just two streets away from the shores of Lake Union. One of Seattle’s treasures, featuring a unique mix of local charm, careful design, and expansive views of the Seattle skyline, the Space Needle, and the lake. Yale Properties has every unit filled. Two units with 2 bedrooms and four units with 1 bedroom. At the front, there are three enclosed garages and at the rear, four parking spaces, along with a spacious community deck. The interior blueprint features high-end appliances, LV flooring, ductless mini-split HVAC, and a modern interior design. The entire building’s electrical system has been upgraded to support high-power loads and enable separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Traditional Victorian houses engage with contemporary sleek architecture, while the famous floating homes contribute a distinct Seattle character to the scenery. Every street narrates a tale filled with history, character, and subtle elegance. People living here share more than just a location—they share a way of life. Weekdays provide easy access to downtown Seattle, making productivity seem effortless. On weekends, the pace slows down, with kayakers drifting on Lake Union and neighbors coming together at the local farmer’s market.

2529447 MLS ⋅ ACTIVE Status

A rare opportunity! Yale Properties is located just two streets away from the shores of Lake Union. One of Seattle’s treasures, featuring a unique mix of local charm, careful design, and expansive views of the Seattle skyline, the Space Needle, and the lake. Yale Properties has every unit filled. Two units with 2 bedrooms and four units with 1 bedroom. At the front, there are three enclosed garages and at the rear, four parking spaces, along with a spacious community deck. The interior blueprint features high-end appliances, LV flooring, ductless mini-split HVAC, and a modern interior design. The entire building’s electrical system has been upgraded to support high-power loads and enable separate billing for each unit. Strolling through Eastlake feels like stepping into a carefully curated gallery. Traditional Victorian houses engage with contemporary sleek architecture, while the famous floating homes contribute a distinct Seattle character to the scenery. Every street narrates a tale filled with history, character, and subtle elegance. People living here share more than just a location—they share a way of life. Weekdays provide easy access to downtown Seattle, making productivity seem effortless. On weekends, the pace slows down, with kayakers drifting on Lake Union and neighbors coming together at the local farmer’s market.

2366 E Yale Avenue E, Seattle

Listing Broker: North Pacific Properties; Cynthia Malone; 425-359-3835; cynthia@northpacificproperties.com

$2,425,000

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.

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

$1,400,000

Rare corner lot development or renovation opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. Zoned LR2(M), this 3,600 SF corner parcel features an existing ~5,500 SF two-story structure that served as a neighborhood anchor for over four decades. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional site utility and flexibility. Newer multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation and strong momentum in this neighborhood. Ideally situated within walking distance of Swedish Hospital Cherry Hill, Seattle University, and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for the area. Buyer to verify all zoning, permitting, and development feasibility

2530629 MLS ⋅ ACTIVE Status

Rare corner lot development or renovation opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. Zoned LR2(M), this 3,600 SF corner parcel features an existing ~5,500 SF two-story structure that served as a neighborhood anchor for over four decades. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional site utility and flexibility. Newer multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation and strong momentum in this neighborhood. Ideally situated within walking distance of Swedish Hospital Cherry Hill, Seattle University, and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for the area. Buyer to verify all zoning, permitting, and development feasibility

601 21st Avenue, Seattle

Listing Broker: Asay Realty; Trevor Asay; 206-653-4555; trevor@asayrealty.com

$3,350,000

We are pleased to present Franklin 8 in Seattle’s Eastlake neighborhood! Built in 1967, the 8-unit asset comprises ~7,458 SF and features 8 spacious 2BD, 1BTH units. Each features a private patio or balcony and the large 930 SF floorplans include dedicated dining spaces, large closets, and pantry storage. The top floors units feature Clerestory height ceilings and windows in the living space. 2 units have been fully remodeled and equipped with in-unit laundry, providing the template to realize additional upside in completing renovations on the remaining 6 units. Significant capital improvements have been completed in 2023, including a reseal roof, replaced cedar siding, updated fencing, and improved landscaping. The building also features double paned windows throughout. In addition to its steady in-place performance and renovation upside, the asset presents investors with a unique opportunity to further increase density through the redevelopment of the rear parking lot which should support a 4-story building addition programed either as townhomes or eight potential new apartments (Buyer to verify). Positioned in one of Seattle’s most supply constrained and high-demand rental submarkets, the property supports the execution of multiple strategies for significant value add and upside building on a base of consistent and durable cashflow.

2529866 MLS ⋅ ACTIVE Status

We are pleased to present Franklin 8 in Seattle’s Eastlake neighborhood! Built in 1967, the 8-unit asset comprises ~7,458 SF and features 8 spacious 2BD, 1BTH units. Each features a private patio or balcony and the large 930 SF floorplans include dedicated dining spaces, large closets, and pantry storage. The top floors units feature Clerestory height ceilings and windows in the living space. 2 units have been fully remodeled and equipped with in-unit laundry, providing the template to realize additional upside in completing renovations on the remaining 6 units. Significant capital improvements have been completed in 2023, including a reseal roof, replaced cedar siding, updated fencing, and improved landscaping. The building also features double paned windows throughout. In addition to its steady in-place performance and renovation upside, the asset presents investors with a unique opportunity to further increase density through the redevelopment of the rear parking lot which should support a 4-story building addition programed either as townhomes or eight potential new apartments (Buyer to verify). Positioned in one of Seattle’s most supply constrained and high-demand rental submarkets, the property supports the execution of multiple strategies for significant value add and upside building on a base of consistent and durable cashflow.

2362 Franklin Avenue E, Seattle

Listing Broker: Lee & Associates Commercial RE; Daniel Lim; 206-928-2311; dlim@lee-associates.com

$2,500,000

Rare investment opportunity in South Seattle! Short sale. Nearly completed 6-unit construction project with strong upside and rental income potential. Major construction is complete, with remaining work including paving, landscaping, parking improvements, and interior finishing touches. Estimated completion costs around $300K. Projected market value upon completion is approximately $3M. Excellent opportunity for builders, investors, or developers looking to finish a high-potential project. Conveniently located 3 minutes to I-90 and a 14-minute walk to Beacon Hill Station with easy access to Seattle, Eastside tech hubs, and Sea-Tac Airport. 84 Walk Score and 75 Transit Score.

2528598 MLS ⋅ ACTIVE Status

Rare investment opportunity in South Seattle! Short sale. Nearly completed 6-unit construction project with strong upside and rental income potential. Major construction is complete, with remaining work including paving, landscaping, parking improvements, and interior finishing touches. Estimated completion costs around $300K. Projected market value upon completion is approximately $3M. Excellent opportunity for builders, investors, or developers looking to finish a high-potential project. Conveniently located 3 minutes to I-90 and a 14-minute walk to Beacon Hill Station with easy access to Seattle, Eastside tech hubs, and Sea-Tac Airport. 84 Walk Score and 75 Transit Score.

2317 22nd Avenue S, Seattle

Listing Broker: John L. Scott Mill Creek; Natalia Duta; 425-737-1819; Nataliaduta@johnlscott.com

$2,450,000

Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

2452589 MLS ⋅ ACTIVE Status

Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.

1809 5th Avenue N, Seattle

Listing Broker: Pacific Crest; Alan Wileman; 559-679-7128; alan.wileman@pacificcrestre.com

$1,750,000

Portfolio of SEVEN 2 and 3 bed CONDO UNITS located at the well maintained + professionally managed Gilmanor Building, a premier Magnolia Community. Unique investment and perfect 1031 exch opportunity offers investors strong cash flow, stable rents in high appreciation zip code. Each unit is thoughtfully designed for comfort+ efficiency, ranging in size from 786-1081 sf. Units feature gas fireplaces, private balconies and newly renovated interiors. Building amenities include on-site laundry, intercom entry system, elevator, assigned parking spots and additional storage. Convenient location offers easy access to major employers, close proximity to Magnolia Village and Discovery Park. Walk Score of 77 and Bike Score of 62

2390679 MLS ⋅ ACTIVE Status

Portfolio of SEVEN 2 and 3 bed CONDO UNITS located at the well maintained + professionally managed Gilmanor Building, a premier Magnolia Community. Unique investment and perfect 1031 exch opportunity offers investors strong cash flow, stable rents in high appreciation zip code. Each unit is thoughtfully designed for comfort+ efficiency, ranging in size from 786-1081 sf. Units feature gas fireplaces, private balconies and newly renovated interiors. Building amenities include on-site laundry, intercom entry system, elevator, assigned parking spots and additional storage. Convenient location offers easy access to major employers, close proximity to Magnolia Village and Discovery Park. Walk Score of 77 and Bike Score of 62

4051 Gilman Avenue W, Seattle

Listing Broker: John L. Scott, Inc; George Graham; 206-949-3793; pending@nw-realestateteam.com

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