Seattle Homes with 42 - Multi-Family Style

Seattle Homes with 42 - Multi-Family Style

Welcome to the vibrant city of Seattle, located in the beautiful state of Washington in the United States. Known for its stunning natural landscapes, thriving tech industry, and rich cultural scene, Seattle is a city that offers something for everyone.

If you're looking for a home in Seattle that offers both comfort and investment potential, consider exploring the multi-family style properties available in the area. With a range of options to choose from, including duplexes, triplexes, and quadplexes, multi-family homes in Seattle are a great choice for investors looking to generate rental income or homeowners seeking additional living space.

Seattle's multi-family homes with 42 units offer a unique opportunity to own a property that provides both flexibility and financial benefits. Whether you're interested in living in one unit and renting out the others or looking to build a diverse real estate portfolio, multi-family homes in Seattle are a smart investment choice.

With its strong rental market and high demand for housing, Seattle is a city where multi-family properties can offer excellent returns. Take advantage of the opportunity to own a piece of this dynamic city and discover the benefits of investing in Seattle's thriving real estate market.

Newest Seattle Homes with 42 - Multi-Family Style

$300,000
2581649 MLS ⋅ ACTIVE Status
Development opportunity in Seattle! This 10,739 SqFt (0.247-acre) lot is zoned NC3-55 (M), Head east on S Myrtle St toward Rainier Ave S. Property is located at 4840 S Myrtle St, Seattle, WA 98118. From I-5, take Exit 161 toward Swift Ave S/Albro Pl. Continue onto Swift Ave S, then follow toward S Myrtle St. Seattle Public Schools transit, and major roadways. Buyer to verify zoning, utilities, and development potential with the City of Seattle. offering potential for residential, commercial, or mixed-use development. Conveniently located near shopping,

4840 S Myrtle Street, Seattle

Listing courtesy of William E. Johnson.

$2,350,000
2575627 MLS ⋅ ACTIVE Status
Positioned steps from the new Rapid Transit stop and walking distance from the Shoreline / 148th Light Rail Station, 1201–1221 NE 145th St presents a rare, mid-rise development site. Encompassing 20,419 SF of net usable land, this site features high-yield MR (M) zoning, ideally suited for a ~100–110 unit residential build or potentially townhomes. Property to be delivered cleared.

1201 NE 145th Street, Seattle

Listing courtesy of Kidder Mathews.

$850,000
2573946 MLS ⋅ ACTIVE Status
Prime development opportunity in the exceptional Mount Baker neighborhood, centrally located near Downtown Seattle, Light Rail, Lake Washington, parks, shopping, dining, and live entertainment. Value is in the land.

3640 36th Street S, Seattle

Listing courtesy of Utopia Management Inc.

$7,800,000
2573461 MLS ⋅ ACTIVE Status
258 Unit MF-Development. All line items approved for MUP and Full Architectural and Engineering. Close at shovel-ready this spring. Fantastic opportunity for an investor or builder, all the guesswork has been removed. Build a legacy project in this thriving community. For LP or GP investors, we have an amazing team in place with contractors ready to start clearing and grading. For the builders, keep your crews working and start on a well-designed, efficient plan. Great location for workforce or market-rate housing. MFTEs are available, as well as great financing options for affordable builders, non-profits, and market-rate operators. The time is now to step into this exceptional project.

5722 35th Avenue S, Seattle

Listing courtesy of Coldwell Banker Danforth.

$6,000,000
2566341 MLS ⋅ ACTIVE Status
A rare high-rise or mid-rise development site with approved MUP in the heart of First Hill. The 10,800 SF lot is zoned High Rise (HR) with an approved MUP for a 8-story, 96-unit multi-family building, including 10 auto stalls and 102 bicycle spaces. With a Walk Score of 98 (“Walker’s Paradise”) and Transit Score of 100 (“Rider’s Paradise”), the location offers unmatched connectivity and urban convenience.Located in First Hill, steps from major hospitals, Seattle University, and downtown’s 340,000+ jobs across tech, finance, retail, and professional services jobs. Excellent transit with buses, the First Hill Streetcar, and future Link Light Rail. One of the last infill opportunities in Seattle’s core with strong walkability, transit, and job access.

815 9th Avenue, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$1,478,000
2566364 MLS ⋅ ACTIVE Status
Exceptional development opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. The current property includes two buildings (3-unit building and a 10-unit building) with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies for a total of 13-units. Continue operating as an income-producing apartment community, increase returns through rent optimization and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. A compelling combination of current income, value-add potential and long-term redevelopment opportunity.

10531 Aurora Avenue N, Seattle

Listing courtesy of Real Property Associates.

$975,000
2550852 MLS ⋅ ACTIVE Status
A good location in a popular Ballard neighborhood, this is a flat corner lot with many possibilities to build. NC255' (Neighborhood Commercial) zoning, 50 X 100 lot allows for mixed use, multi family or commercial. On the corner of 11th Ave NW and NW Market Street with good frontage, visibility and easy access. In an area of growth with newer developments happening nearby. This was planned and partially permitted for a four story 45 unit building, but plans changed. A good opportunity for development to build, lease and keep/resell, or owner user to build and operate a business. Owner financing may be an option with a 3-4 year cashout. A good value for the area.

1103 NW Market Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$4,950,000
2549382 MLS ⋅ ACTIVE Status
Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.

4722 - 4730 15th Avenue NE, Seattle

Listing courtesy of Best Choice Realty LLC.

$1,150,000
2549317 MLS ⋅ ACTIVE Status
Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Purchase price includes the price of the permits.

118 27th Avenue S, Seattle

Listing courtesy of Keller Williams Realty Bothell.

$1,400,000
2530638 MLS ⋅ ACTIVE Status
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), 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 future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI

601 21st Avenue, Seattle

Listing courtesy of Asay Realty.

$1,295,000
2529045 MLS ⋅ ACTIVE Status
Development opportunity in the Cental Disteict Zoned NC1-40 (M1). This prominent corner lot at 22nd Ave & E Cherry offers strong potential for a mixed use development in one of the city’s most dynamic urban neighborhoods. Ideally positioned just minutes from downtown Seattle, Capitol Hill, and Madison Valley.The property benefits from excellent walkability, transit access, and proximity to key neighborhood amenities. Nearby destinations include Garfield High School, Chuck’s Hop Shop, and the Northwest African American Museum. Tenant is tiny homes - Low Income Housing Institue of Seattle and the lease expires on Dec 31 2026

612 22nd Avenue, Seattle

Listing courtesy of RE/MAX Northwest.

$799,999
2526266 MLS ⋅ ACTIVE Status
Prime Development Opportunity – LR1 (M) Zoning | Value in Land Attention builders, investors, and developers—exceptional opportunity in West Seattle! This ~7,650 sq ft lot is zoned LR1 (M), offering strong potential for townhouse-style development or multiple-unit construction (buyer to verify). The existing structure is a complete teardown and is being sold strictly as-is. The true value is in the land and the favorable zoning, making this an ideal site for your next project. Located in a desirable and rapidly evolving area, the property is surrounded by residential growth and new construction. Convenient access to major commuter routes, local amenities, and West Seattle hotspots enhances long-term value and marketability. Whether you’re looking to develop now or hold as a strategic investment, this is a rare opportunity to capitalize on LR1 zoning in a high-demand Seattle location. Bring your plans and vision—opportunities like this are becoming increasingly scarce!

2816 SW Dakota Street, Seattle

Listing courtesy of HomeSmart Real Estate Assoc.

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