Portage Bay Homes with 55 - 5-9 Units Style

Welcome to Portage Bay, an enchanting neighborhood nestled in the heart of Seattle, Washington. Known for its picturesque waterfront views and vibrant community spirit, Portage Bay offers a unique blend of urban living and natural beauty. This charming enclave is bordered by the stunning waters of Portage Bay and is conveniently located just minutes from downtown Seattle, making it an ideal haven for those seeking both tranquility and accessibility.

The neighborhood boasts a delightful array of homes, particularly those styled in the 55 - 5-9 units category, which provide a perfect balance of comfort and community. These homes are designed to foster a sense of belonging, with shared spaces that encourage interaction among neighbors. Imagine hosting gatherings in beautifully landscaped courtyards or enjoying quiet evenings on your private balcony overlooking the serene waters.

Portage Bay is not just about homes; it’s about lifestyle. Residents enjoy easy access to lush parks, scenic walking trails, and a vibrant local dining scene. Spend your weekends exploring the nearby University of Washington campus or indulging in fresh produce at the local farmers' market. The neighborhood is also well-connected by public transit, making it easy to venture into the bustling heart of Seattle or explore the surrounding areas.

Whether you’re a young professional, a growing family, or looking to downsize, Portage Bay offers a welcoming community with a diverse range of homes that cater to every lifestyle. Come discover the charm of Portage Bay, where every day feels like a retreat!

Newest Portage Bay Homes with 55 - 5-9 Units Style

$2,750,000

2568199 MLS ⋅ ACTIVE Status

The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

3261 Fuhrman Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

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