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South Lake Union Multifamily Homes & Duplexes for Sale

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  • /36

    $1,398,000

    • 3 Beds
    • 4 Baths
    • 4,107 Sq Ft

    417 Minor Ave N, Seattle, WA 98109

    Rare investment opportunity in South Lake Union w/ existing 4-Plex & mixed use zoning-ideal for owner/user! Located in Seattle's tech-sector neighborhood, property is one of the few remaining residential development parcels in the area, offering a myriad of options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6

    Jeanie Van Amen John L. Scott, Inc.

    417 Minor Ave N, Seattle, WA 98109
  • /25

    $3,500,000

    • 14 Beds
    • 12 Baths
    • 8,580 Sq Ft

    800 Harrison St, Seattle, WA 98109

    The Harrison Apartments, a rare investment opportunity in the heart of South Lake Union, is being offered for the first time in over three decades. Situated on a 7,200 SF corner lot with alley access, this 12-unit property has a historically low vacancy rate and the building provides immediate value-add potential with rents currently ~40% below market and additional upside through renovations.

    Will Douglas Paragon Real Estate Advisors

    800 Harrison St, Seattle, WA 98109

Why Live in South Lake Union

South Lake Union in Seattle is recognized as the city's technology hub, home to major companies like Apple, Google, and Amazon. This neighborhood has seen significant growth over the past decade, attracting many professionals in the tech industry. While primarily renter-based, South Lake Union offers condos for sale, typically featuring open-concept designs with floor-to-ceiling windows. Monthly association fees often cover utilities, private parking, and earthquake insurance. The area is served by Seattle Public Schools, with Meany Middle School and Garfield High School being highly rated. Meany Middle School offers a unique health program providing free medical and behavioral health services to students, while Garfield High School is among the top 20 public high schools in Washington. For outdoor activities, residents frequent Lake Union Park and Denny Park. Lake Union Park offers picnic spots, a spray park, boat tours, and the Museum of History and Industry, as well as The Center for Wooden Boats. Denny Park, Seattle's oldest park, features green spaces, a children's play area, and an off-leash dog park. Dining options are abundant, with Portage Bay Cafe, mbar, The White Swan Public House, Daniel’s Broiler, Tapster, and Flat Stick Pub providing a variety of culinary experiences. Whole Foods Market is conveniently located nearby for grocery needs. Interstate 5 borders the neighborhood to the east, facilitating easy highway access. Although foot traffic remains high, it has decreased recently due to the rise in remote work. Public transportation is well-supported by King County Metro, with numerous light rail stations and bus stops throughout the area.

Home Trends in South Lake Union, WA

Housing Trends

Median Sale Price
$450,000
Median Single Family Sale Price
$200,000
Median 2 Bedroom Sale Price
$599,900
Median 1 Bedroom Sale Price
$435,000
Average Price Per Sq Ft
$564
Number of Homes for Sale
8
Last 12 months Home Sales
19
Months of Supply
5.10
Median List Price
$455,559
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-12%
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