Seattle Homes with 42 - Multi-Family Style

Seattle Homes with 42 - Multi-Family Style

Welcome to Seattle, Washington—a vibrant city nestled between the stunning backdrop of the Cascade Mountains and the shimmering waters of Puget Sound. Known for its iconic Space Needle, rich cultural scene, and thriving tech industry, Seattle is a dynamic metropolis that offers a unique blend of urban sophistication and natural beauty. The city is a haven for outdoor enthusiasts, with numerous parks, hiking trails, and waterfront activities just a stone's throw away.

In the heart of King County, Seattle boasts a diverse real estate market that caters to a variety of lifestyles. Among the most sought-after properties are multi-family homes, which provide an excellent opportunity for both investors and homeowners looking to maximize their living space. These properties, typically designed to accommodate multiple families or tenants, are perfect for those interested in generating rental income or creating a close-knit community atmosphere.

Seattle’s multi-family homes come in various styles, from charming vintage buildings in historic neighborhoods like Capitol Hill to modern complexes in up-and-coming areas like South Lake Union. With the city's robust job market, particularly in the tech sector, demand for rental units remains strong, making these properties a smart investment choice.

Living in a multi-family home in Seattle not only offers the advantage of shared amenities and community living but also places you within easy reach of the city’s vibrant arts scene, eclectic dining options, and stunning waterfront views. Whether you're looking to invest or find your next home, Seattle's multi-family properties present an exciting opportunity to be part of this thriving urban landscape. Come explore the possibilities that await you in the Emerald City!

Newest Seattle Homes with 42 - Multi-Family Style

$450,000
2584532 MLS ⋅ ACTIVE Status
Prime Leschi lot in the heart of development going on all around. 30x100(+-)Lot. LR2(M) May need slight lot line adjustment.

810 29th Avenue S, Seattle

Listing Broker: Windermere Real Estate Co.; Nick Upshaw; 206-328-0889; NickUpshaw@Windermere.com

$650,000
2584203 MLS ⋅ ACTIVE Status
Rare development opportunity in West Seattle! This 5,000 sqft vacant lot, zoned LR1 (M), offers a cleared, sloped site with potential for multifamily or single-family development. Previous plans and drawings for a three-unit multifamily/townhome project are available, providing a starting point for exploring development options. Conveniently located near the West Seattle Bridge and Delridge Playfield, enjoy easy access to Downtown Seattle, Alki Beach, local restaurants, cafes, parks, and public transit. Bring your builder, architect, and vision to this well-located West Seattle opportunity.

3820 23rd Avenue SW, Seattle

Listing Broker: Keller Williams Seattle Metro; Sean Peterson; 425-350-8298; sean@sweetliving.com

$2,000,000
2583599 MLS ⋅ ACTIVE Status
Westlake Development Site: two contiguous parcels at 1722 and 1726 Dexter Ave N, offered together. Each lot is 4,800 SF, for a combined 9,600 SF site zoned LR3(M). LR3(M) zoning and a floor area ratio of 1.8 support approximately 17,280 gross SF of development. Nearby lowrise sites of similar size and zoning have been developed as townhouse projects. Each lot is improved with a 1918 wood frame single family house (2 bed, 1 bath), both rented month to month, producing $4,600 per month in combined scheduled rent. Tenants pay their own utilities. Month to month tenancies let a buyer control the timing of delivery. Off-street driveway parking and in-unit laundry. The site sits on the east facing slope above Lake Union, giving upper floors of a new building water and territorial views, with Lake Union Park and the Westlake waterfront directly below. Dexter Ave N carries a protected bike lane and frequent bus service to downtown, South Lake Union and Fremont. Seller is open to developer terms, including an extended feasibility period and a closing timed to permitting. The adjacent parcels at 1730 and 1732-1734 Dexter Ave N are under the same ownership and marketed separately. Seller has not permitted or entitled the site; buyer to verify density, floor area, height, setbacks and any environmentally critical area designation with SDCI.

1722 Dexter Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com

$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 Broker: William E. Johnson; Bill 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 Broker: Kidder Mathews; Jay Bennett; ;

$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 Broker: Utopia Management Inc; Tim Cairns; 503-701-0604; tim@utopiarealestate.com

$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 Broker: Coldwell Banker Danforth; Jonah Wilhelm; ;

$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 Broker: WPI Real Estate Services, Inc.; TC Wu; ;

$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 Broker: Real Property Associates; Grecia Thomas; ;

$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 Broker: Windermere Real Estate Co.; Greg Stamolis; ;

$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 Broker: Best Choice Realty LLC; Sherry Zuo; ;

$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 Broker: Keller Williams Realty Bothell; Erica Alexei; ;

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