Estimated payment $14,179/month
Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 6.7%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2417426
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $15,486 | $1,599,000 | $951,000 | $648,000 |
| 2023 | $14,428 | $1,513,000 | $906,000 | $607,000 |
| 2022 | $13,629 | $1,707,000 | $706,000 | $1,001,000 |
| 2021 | $12,806 | $1,470,000 | $608,000 | $862,000 |
| 2020 | $12,435 | $1,309,000 | $570,000 | $739,000 |
| 2018 | $11,127 | $1,282,000 | $586,000 | $696,000 |
| 2017 | $10,359 | $1,112,000 | $514,000 | $598,000 |
| 2016 | $9,689 | $1,072,000 | $372,000 | $700,000 |
| 2015 | $8,339 | $979,000 | $338,000 | $641,000 |
| 2014 | -- | $860,000 | $282,000 | $578,000 |
| 2013 | -- | $837,000 | $269,000 | $568,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $2,295,000 | +14.8% | $380 / Sq Ft |
| 08/26/2020 08/26/20 | Sold | $2,000,000 | 0.0% | $664 / Sq Ft |
| 08/05/2020 08/05/20 | Pending | -- | -- | -- |
| 07/29/2020 07/29/20 | For Sale | $2,000,000 | -- | $664 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,000,000 | First American | |
| Warranty Deed | $840,000 | Fidelity National Title | |
| Warranty Deed | $800,000 | Chicago Title Insurance Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $741,750 | New Conventional | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $480,000 | New Conventional | |
| Previous Owner | $269,800 | New Conventional | |
| Previous Owner | $300,700 | No Value Available | |
| Previous Owner | $200,000 | No Value Available | |
| Closed | $225,000 | No Value Available |
$2,700,000
Rare Investment Opportunity in Desirable Leschi! Don’t miss this exceptional 8-unit multifamily property in sought-after Leschi, featuring three tax parcels totaling 14,980 sq ft with strong cash flow and the opportunity to add value. Multiple development options as well! Each 2-bedroom, 1-bath unit provides 800 sq ft of living space, with garage rental options and several updated units for
Jolene Brown COMPASS
$2,250,000
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George Graham John L. Scott, Inc
$2,099,000
New Roof / Fresh Paint 2024, 5.98% Cap Rate. Remarkable investment opportunity with this fully occupied 16-unit building, strategically positioned in a prime North Seattle location. Boasting a strong 5.98% cap rate, this property offers a solid return on investment. recent upgrades in many units, new roof installed on 1.15.2024, prime location less than 2 miles to Green Lake and within walking
Seth Raddue Aris360
$1,990,000
Take advantage of this development project already underway in a prime Seattle location. Renew existing building permits to complete as an 18-unit apartment or explore the NC3-55 (M) zoning which offers potential for increased density. Spawned from an adaptive reuse of the Don Willis furniture store and warehouse, the existing structure and plan offers a desirable unit mix, soaring ceilings with
Larry Wilcynski Windermere Real Estate Midtown
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2417426
APN: 133880-0765
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