Seattle Homes with 55 - 5-9 Units Style

Welcome to Seattle, a vibrant city nestled in the beautiful state of Washington. Known for its stunning views of the Puget Sound and the iconic Space Needle, Seattle offers a unique blend of natural beauty and urban excitement.

Seattle, located in King County, is a hub of culture, technology, and outdoor adventure. Home to tech giants like Microsoft and Amazon, the city boasts a thriving job market and a diverse population. With a strong emphasis on sustainability and green living, Seattle is a pioneer in environmental initiatives and is renowned for its commitment to preserving the natural beauty that surrounds it.

If you're looking for a home in Seattle with 5-9 units, you're in luck. The city offers a range of housing options, including charming homes with unique architectural styles. From cozy duplexes to spacious townhomes, there's something for everyone in Seattle's real estate market. Whether you're drawn to the historic charm of Capitol Hill or the modern amenities of South Lake Union, you're sure to find the perfect home to suit your lifestyle.

Experience the best of city living in Seattle, where the stunning natural landscape meets a thriving urban center. With its diverse neighborhoods, vibrant culture, and strong sense of community, Seattle is a place like no other. Come discover the magic of this dynamic city and find your perfect home in the heart of the Pacific Northwest.

Newest Seattle Homes with 55 - 5-9 Units Style

$2,395,000

2599302 MLS ⋅ ACTIVE Status

Located along a quiet residential street between the vibrant 15th Avenue and 19th Avenue commercial corridors, Mod 19 offers residents immediate access to Capitol Hill’s restaurants, coffee shops, boutiques, grocery stores, and neighborhood amenities. Broadway, the Pike/Pine Corridor, Volunteer Park, and the Capitol Hill Light Rail Station are all within close walking distance, providing convenient access to Downtown Seattle, South Lake Union, the University District, and SeaTac Airport. Situated on a 4,000 square foot LR3-zoned lot, the property consists of eight thoughtfully designed units including four studios averaging approx. 255 SF, three 2BR/1BA units averaging approx. 620 SF, and a two-story penthouse 2BR/2BA unit totaling approx. 923 SF with expansive city, lake, and mountain views from the living room and private rooftop deck. The property features modern finishes throughout including granite countertops, stainless steel appliances, in-unit laundry, tile bathrooms, vinyl plank flooring, and large dual-pane vinyl windows. Additional features include hydronic radiant floor heating, individual hot water tanks, and modern electrical, plumbing, roofing, siding, and window systems consistent with newer construction standards. With modern design, durable construction, and an irreplaceable Capitol Hill location, Mod 19 Apartments offers investors a compelling combination of strong tenant demand, operational efficiency, and long-term appreciation potential.

1814 E Denny Way, Seattle

Listing Broker: Westlake Associates, Inc.; Curran C. Hagstrom; 206-505-9426; curran@westlakeassociates.com

$2,150,000

2600541 MLS ⋅ ACTIVE Status

The Franklin House is a seven-unit apartment building located at 2210 Franklin Ave E in Seattle’s Eastlake neighborhood. Priced at $2,150,000, the property delivers a 5.5% current cap rate with a clear path to a 6.6% cap rate at market rents and a 7.3% renovation cap rate on cost following an interior renovation program. Built in 1964 on a 6,600 square foot lot zoned LR3 (M), the wood frame building consists of 3 – 1BD/1BTH units, 3 - 2BD/1BTH units and 1 – 3BD/2BTH Penthouse unit with an in-unit washer/dryer on the top floor. Every unit has a private deck or patio, and units 301, 302, and the penthouse enjoy views of Lake Union. The building is operating well with a TPO roof installed roughly twelve years ago, copper plumbing, GE electrical panels, and double pane vinyl windows. Residents share a common laundry room and ten open parking stalls sit off the alley at the rear of the property. The penthouse is being delivered vacant, giving a buyer the chance to renovate the top floor lake view unit to its full potential or to occupy it while the remaining six units generate income. The parcel also carries development upside. The LR3 (M) zoning allows unlimited density inside the urban village, a structure height of 50 feet, a floor area ratio of 1.8, or 2.3 with a 4 Star Built Green certification, and no parking requirement given the frequent transit service on Eastlake Ave E. See the development optionality section for additional details within this OM.

2210 Franklin Avenue E, Seattle

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

$1,525,000

2596394 MLS ⋅ ACTIVE Status

The Woodland Park Ave Apartment is on the market for the first time in over 28 years! This charming five-unit apartment building is tucked between two of Seattle’s most vibrant and sought-after neighborhoods, Fremont and Wallingford, making for a great investment for an opportunist who is bullish on Seattle. Originally built in 1918, with a connected triplex addition added in 1986, Woodland Park Ave Apartments offers a well-balanced mix of five units: 1 - one-bedroom, one-bathroom unit, 3 - two-bedroom, one-bathroom units, and 1 - spacious three-bedroom, one-and-a-half-bathroom unit, totaling approximately 5,170 net rentable square feet. Each unit comes with its own washer/dryer, water heater, full kitchen appliance package and electric wall heat. The building is equipped with vinyl frame dual-pane windows and all electrical systems throughout the property are up-to-code and in good working condition. The triplex addition is fully sprinklered and has copper plumbing while the main house is a mix of plumbing. In-place rents are currently more than 40% below market, providing an incoming owner with immediate, low-lift upside by bringing units to market rents as they naturally turn over. Additional value can be created through interior renovations. There is also untapped income potential through parking and utility bill-backs that have yet to be implemented.

3911 Woodland Park Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

$1,900,000

2596566 MLS ⋅ ACTIVE Status

Rare Lower Queen Anne investment opportunity! This charming six-unit apartment building combines an exceptional Seattle location with a compelling value-add opportunity.? All six units have been recently renovated and feature a desirable mix of four two-bedroom/one-bath units and two one-bedroom/one-bath units.? Historically low tenant turnover and strong rental demand make this an attractive income-producing asset.? A rare seven-car parking lot, separate paid laundry room, and individual water meters for each unit add to the appeal.? With parking at a premium and future redevelopment potential to explore, this property offers investors the opportunity to hold a well-located asset today while considering its longer-term upside.?

714 N 1st Avenue N, Seattle

Listing Broker: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.com

$1,900,000

2595365 MLS ⋅ ACTIVE Status

The Tides Apartments is an eight-unit apartment building ideally situated directly along Alki Avenue SW on one of Seattle’s most iconic stretches of waterfront. Offered for the first time since 1954, this is a rare opportunity to acquire a piece of Alki Beach history in a location where multifamily properties are tightly held and opportunities to purchase are few and far between. Select units capture sought-after water views. Additional amenities include dual-pane vinyl windows, individually controlled electric baseboard heating, an on-site common laundry room, and two off-street parking stalls, a valuable convenience along Alki Avenue SW, where parking is at a premium. The property’s classic interiors present an exciting value-add opportunity for an investor seeking to unlock the full potential of this irreplaceable waterfront location. Through strategic interior renovations as units turn over, a new owner can modernize the existing apartment homes. The property’s LR2 (M) zoning on a 6,640-square-foot lot offers an additional layer of long-term redevelopment potential, providing flexibility beyond the immediate renovation strategy. Residents are steps from Alki Beach Park and the Alki Trail, within walking distance of Alki Point Lighthouse and Statue of Liberty Plaza, and connected to Downtown Seattle via the King County Water Taxi, with the Route 775 shuttle stopping just 0.1 miles away.

2352 Alki Avenue SW, Seattle

Listing Broker: Paragon Real Estate Advisors; Tanner Fogle; 206-623-8880; Tanner@paragonrea.com

$1,550,000

2589046 MLS ⋅ ACTIVE Status

Pacific Crest Real Estate is pleased to be the exclusive listing agent for Oak Springs Suites. Oak Springs Suites is an 7-unit + Office apartment community located at 709 N 95th St in Seattle's Greenwood neighborhood and is located just blocks from the Greenwood Ave N retail corridor and minutes from Green Lake, Phinney Ridge, and North Seattle College. Built in 1990, the property offers a diversified unit mix of studio, one-, two-, and three-bedroom homes with meaningful in-place rental upside. With rents trailing market 10%, and room for further rent growth through capital improvements, Oak Springs Suites presents a clear value-add opportunity for a new investor to drive NOI through lease-up of below-market units, a light capital improvement program, and ongoing operational stabilization.

709 N 95th St, Seattle

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

$1,995,000

2586515 MLS ⋅ ACTIVE Status

Built in 2003, this multifamily property contains six units, five of which feature two-bedroom townhouse-style layouts, while the remaining unit is an oversized one-bedroom flat. Each residence benefits from in-unit laundry and private fenced patios for every unit. The building also provides five off-street parking spaces with additional street parking available. The property is located on California Avenue between the Admiral and Alaska Junctions, placing residents near West Seattle retail, dining, grocery and recreational amenities such as PCC, Trader Joe’s and Whole Foods. Alki Beach, Hiawatha Park, West Seattle Golf Course and the West Seattle Bridge are nearby. Market Cap Rate: 6.31%

4018 California Avenue SW, Seattle

Listing Broker: Westlake Associates, Inc.; David W Petersen; 206-300-8909; david@westlakeassociates.com

$2,300,000

2586025 MLS ⋅ ACTIVE Status

The Castle Apts is a well-maintained 7-unit, including a Penthouse apartment with a nearly 1,000 SF deck, located in the heart of the Eastlake neighborhood. Great unit mix consisting of 3 studios, 3 one bedrooms & one 2 bd/1.5 bath Penthouse with panoramic views of the Seattle Skyline, Space Needle, Gas Works Park & Lake Union. Copper plumbing, updated kitchens & bathrooms in 5 of the units, and new electrical panels throughout. Tenants enjoy off-street parking, mature landscaping with separate outdoor spaces, large laundry room on-site with coin-op W/D and additional storage for all units. Low turn over and high rental demand neighborhood due to its close proximity to mass transit, the South Lake Union tech hub, University of Washington & downtown Seattle. Incredible opportunity for an owner-occupant to live in one unit and collect rent from the other units to offset the mortgage payment. Long-term tenants with below market rents unaware of sale. Please do not disturb tenants.

2239 Yale Avenue E, Seattle

Listing Broker: Windermere Real Estate Midtown; Lauren Hendricks; 206-999-9161; laurenhendricks@windermere.com

$1,200,000

2585317 MLS ⋅ ACTIVE Status

This 6-unit + Office apartment building offers a prime investment opportunity in the heart of Capitol Hill with immediate value-add potential. Just a short walk from the Capitol Hill Light Rail Station, it provides residents easy access to downtown, the University District, and SeaTac Airport. The property includes a balanced unit mix: 2 studios sharing a bathroom and four 1-bd units, 3 of which feature updates like LVP flooring, bathroom improvements, and some new countertops. An office space could be incorporated into a unit to boost square footage and income as well as the ability to add W/D in basement/workroom.

206 12th Avenue E, Seattle

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

$2,395,000

2584915 MLS ⋅ ACTIVE Status

Exceptional investment opportunity in Seattle’s North Queen Anne neighborhood! 163 Etruria is a 9-unit apartment building featuring spacious one-bedroom, one-bathroom residences averaging 831 square feet. Built in 1975, the property offers approximately 7,475 net rentable square feet, shared laundry facilities, and off-street parking. Ideally situated near Fremont, Seattle Pacific University, and the Fremont Cut, residents enjoy convenient access to dining, shopping, entertainment, and major employment centers. Investors have an opportunity to increase income through unit renovations, rental growth, utility reimbursements, and parking revenue. Offered at $2,395,000 with a 6.13% in-place cap rate, the property presents an opportunity to acquire a well-located multifamily asset with value-add potential.

163 Etruria Street, Seattle

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

$1,695,000

2584222 MLS ⋅ ACTIVE Status

The Iowan Apartments is a seven-unit apartment building located on the South slope of Queen Anne. The building is priced at a current 5.5% cap rate and has been extensively upgraded including a re-plumb of the building supply lines (2026), a new roof (2025), new central hot water tank (2024), double pane vinyl windows, and square D electrical panels throughout the building. The property includes seven open parking stalls accessed off the alley. The property comprises 4,870 net rentable square feet across seven units, averaging 696 square feet, with a mix of one studio, four one-bedroom units including one one-bedroom plus den, one two-bedroom, and one three-bedroom. Interior improvements completed upon natural turnover support potential monthly income of approximately $17,234, representing a 25.1% increase. The property is zoned LR3 (M) within the Uptown Urban Center, with a 2.3 FAR and a 50 foot height limit on a 5,610-square-foot lot. The existing building utilizes approximately half of the site’s maximum permitted floor area, creating meaningful future development optionality. Uptown has no residential parking minimum, providing flexibility for future redevelopment. See the Development Optionality section for additional details. Located two blocks north of Seattle Center, the property offers immediate access to Climate Pledge Arena, the Space Needle, Seattle Center Monorail, and the surrounding Uptown amenity base.

819 6th Avenue N, Seattle

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

$2,550,000

2584084 MLS ⋅ ACTIVE Status

The Deauville Apartments is an 8-unit apartment community above the Interbay corridor in North Queen Anne. Built in 1961 and fully renovated since 2019, with $325k invested, the property offers a turn-key investment with strong in-place revenue and streamlined operations in one of Seattle’s most desirable rental markets. The 8 two-bedroom homes average 784 square feet and each offer view windows, dishwashers, in-unit washers and dryers, modern updates, off-street parking, and access to storage. Unique features contributing to strong tenant demand include new hardwood floors in most units, lush gardens, outdoor spaces, and territorial views. Convenient access to major employers and transit is a draw for tenants employed in Downtown Seattle, Fremont, University of Washington, South Lake Union, and First Hill. Nearby Ballard, Fremont, and Interbay also offer extensive shopping and amenities for tenants. Recent systems updates have included new electrical panels in four units (all are up-to-date), plumbing updates, new hot water heaters and new appliances throughout, roof and storm drainage upgrades, and a full exterior refresh (repairs, paint, fixtures). There is future redevelopment on this 9,000 square foot LR3(M)-zoned lot and there is the ability to add a 9th unit in the common laundry room/storage area.

2801 14th Avenue W, Seattle

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

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Seattle Homes with 55 - 5-9 Units Style

Newest Seattle Homes with 55 - 5-9 Units Style

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How much is your home worth?