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he Kenneth Apartments presents an exceptional investment opportunity in Seattle's desirable Lower Queen Anne neighborhood, just one block from Climate Pledge Arena and steps from Seattle Center, the Space Needle, dining, shopping, and entertainment. Built in 1925, this 24-unit property features classic brick and terra cotta architecture with a mix of 3 efficiency units, 9 studios, and 12 one-bedroom apartments. The property offers approximately 13,545 rentable square feet, seven surface parking stalls, and on-site laundry. Capital improvements include updated electrical panels, double-pane windows, a new boiler in 2023, and an updated fire alarm panel in 2018. Original hardwood floors, millwork, and built-ins provide character and opportunities for value-add renovations. Offered at approximately $198,000 per unit, The Kenneth provides investors with an opportunity to increase rental income through interior improvements and bringing rents closer to market levels. An assumable interest-only loan offers an additional financing option, subject to lender approval. Ideally positioned near major employment centers in Downtown Seattle and South Lake Union, The Kenneth combines historic charm, rental upside, and an outstanding urban location.

2595687 MLS ⋅ ACTIVE Status

he Kenneth Apartments presents an exceptional investment opportunity in Seattle's desirable Lower Queen Anne neighborhood, just one block from Climate Pledge Arena and steps from Seattle Center, the Space Needle, dining, shopping, and entertainment. Built in 1925, this 24-unit property features classic brick and terra cotta architecture with a mix of 3 efficiency units, 9 studios, and 12 one-bedroom apartments. The property offers approximately 13,545 rentable square feet, seven surface parking stalls, and on-site laundry. Capital improvements include updated electrical panels, double-pane windows, a new boiler in 2023, and an updated fire alarm panel in 2018. Original hardwood floors, millwork, and built-ins provide character and opportunities for value-add renovations. Offered at approximately $198,000 per unit, The Kenneth provides investors with an opportunity to increase rental income through interior improvements and bringing rents closer to market levels. An assumable interest-only loan offers an additional financing option, subject to lender approval. Ideally positioned near major employment centers in Downtown Seattle and South Lake Union, The Kenneth combines historic charm, rental upside, and an outstanding urban location.

307 Queen Anne Avenue N, Seattle

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

$2,800,000

This well located 22-unit apartment building sits on a 21,860 square foot LR3 (M) zoned lot in Seattle's Magnolia neighborhood. On the market for the first time in 40 years the building was built in 1954 and offers 22 open one-bedroom units, a common laundry room, 24 storage units, 10 open parking stalls and a community barbecue area. Property has been self-managed for decades, and current rents are well below the market for a small one-bedroom in this submarket, giving a buyer room to add income on turnover. The lot is also a covered land play: a Cone Architecture feasibility study lays out 14 townhomes on this parcel alone, or about 30 across this parcel and the adjoining parcels at 2618 and 2626 Thorndyke Ave W, which are also available. Residents are minutes from Magnolia Village, Discovery Park, Fishermen's Terminal and the Interbay employment corridor, with 15th Ave W, the RapidRide D Line and the Ballard Bridge close by.

2593827 MLS ⋅ ACTIVE Status

This well located 22-unit apartment building sits on a 21,860 square foot LR3 (M) zoned lot in Seattle's Magnolia neighborhood. On the market for the first time in 40 years the building was built in 1954 and offers 22 open one-bedroom units, a common laundry room, 24 storage units, 10 open parking stalls and a community barbecue area. Property has been self-managed for decades, and current rents are well below the market for a small one-bedroom in this submarket, giving a buyer room to add income on turnover. The lot is also a covered land play: a Cone Architecture feasibility study lays out 14 townhomes on this parcel alone, or about 30 across this parcel and the adjoining parcels at 2618 and 2626 Thorndyke Ave W, which are also available. Residents are minutes from Magnolia Village, Discovery Park, Fishermen's Terminal and the Interbay employment corridor, with 15th Ave W, the RapidRide D Line and the Ballard Bridge close by.

2600 Thorndyke Avenue W, Seattle

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

$5,795,000

Excellent opportunity to acquire a historic 24-unit community on the coveted South Slope of Seattle’s Queen Anne neighborhood. Built in 1913, this classic wood-framed brick building pairs timeless character with modern comfort. The Montanita offers a well-balanced mix of studio, one-bedroom, and two-bedroom floor plans with broad appeal to the area’s renter base. Units are light-filled, with hardwood floors and ample closet space. The two-bedroom units include both an eating nook off the kitchen as well as a formal dining room. Upper-floor units enjoy views of Elliott Bay, the downtown skyline, and the Space Needle. Many units feature thoughtfully updated interiors while preserving the building’s original charm, including classic built-ins and French glass doors between the dining and living rooms. Situated between Lower and Upper Queen Anne, the Montanita offers an exceptional urban lifestyle defined by walkability and convenience, reflected in its Walk Score of 94, a true “Walker’s Paradise.” Kerry Park, home to Seattle’s most iconic skyline views, is just blocks away, as are Seattle Center, the Space Needle, and Climate Pledge Arena, home of the Seattle Kraken. Residents also have an abundance of cafés, acclaimed restaurants, boutiques, and bars at their doorstep, along with a Trader Joe’s just a short walk away.

2591149 MLS ⋅ ACTIVE Status

Excellent opportunity to acquire a historic 24-unit community on the coveted South Slope of Seattle’s Queen Anne neighborhood. Built in 1913, this classic wood-framed brick building pairs timeless character with modern comfort. The Montanita offers a well-balanced mix of studio, one-bedroom, and two-bedroom floor plans with broad appeal to the area’s renter base. Units are light-filled, with hardwood floors and ample closet space. The two-bedroom units include both an eating nook off the kitchen as well as a formal dining room. Upper-floor units enjoy views of Elliott Bay, the downtown skyline, and the Space Needle. Many units feature thoughtfully updated interiors while preserving the building’s original charm, including classic built-ins and French glass doors between the dining and living rooms. Situated between Lower and Upper Queen Anne, the Montanita offers an exceptional urban lifestyle defined by walkability and convenience, reflected in its Walk Score of 94, a true “Walker’s Paradise.” Kerry Park, home to Seattle’s most iconic skyline views, is just blocks away, as are Seattle Center, the Space Needle, and Climate Pledge Arena, home of the Seattle Kraken. Residents also have an abundance of cafés, acclaimed restaurants, boutiques, and bars at their doorstep, along with a Trader Joe’s just a short walk away.

1012 Queen Anne Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Cathy Jeney; 206-595-5557; cjeney@paragonrea.com

$6,225,000

The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

2536846 MLS ⋅ ACTIVE Status

The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

2600 -2626 Thorndyke Avenue W, Seattle

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

$2,595,000

Marine Vista -- a premier 11-unit apartment community located at 840 W Nickerson St, Seattle, WA 98119. Situated in the highly sought-after North Queen Anne submarket, Marine Vista offers an exceptional location overlooking the Lake Washington Ship Canal, providing residents with a unique blend of maritime charm and urban convenience. This offering presents a rare opportunity to acquire a boutique asset in one of Seattle’s most resilient and supply-constrained neighborhoods. Marine Vista is ideally positioned within walking distance to Seattle Pacific University and the vibrant Fremont tech hub, ensuring a consistent and high-quality tenant base. The investment provides a clear path for a strategic value-add program. A new investor will have the ability to implement targeted interior renovations and modern amenity upgrades to capture significant rental upside, bringing the property in line with top-of-market competitors. With its irreplaceable location and strong fundamentals, Marine Vista is poised to deliver robust long-term appreciation and enhanced cash flow for a sophisticated investor.

2508089 MLS ⋅ ACTIVE Status

Marine Vista -- a premier 11-unit apartment community located at 840 W Nickerson St, Seattle, WA 98119. Situated in the highly sought-after North Queen Anne submarket, Marine Vista offers an exceptional location overlooking the Lake Washington Ship Canal, providing residents with a unique blend of maritime charm and urban convenience. This offering presents a rare opportunity to acquire a boutique asset in one of Seattle’s most resilient and supply-constrained neighborhoods. Marine Vista is ideally positioned within walking distance to Seattle Pacific University and the vibrant Fremont tech hub, ensuring a consistent and high-quality tenant base. The investment provides a clear path for a strategic value-add program. A new investor will have the ability to implement targeted interior renovations and modern amenity upgrades to capture significant rental upside, bringing the property in line with top-of-market competitors. With its irreplaceable location and strong fundamentals, Marine Vista is poised to deliver robust long-term appreciation and enhanced cash flow for a sophisticated investor.

840 W Nickerson Street, Seattle

Listing Broker: Pacific Crest; Alfred Anderson; 206-812-9157; alfred@pacificcrestre.com

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