Wedgwood Homes with 55 - 5-9 Units Style

Welcome to the charming neighborhood of Wedgwood, a hidden gem nestled in the heart of Seattle, Washington. Known for its picturesque tree-lined streets and friendly atmosphere, Wedgwood is the ideal community for those seeking a tranquil suburban lifestyle while still being just a stone's throw away from the vibrant energy of downtown Seattle.

Wedgwood boasts a rich tapestry of architectural styles, but it particularly shines with its lovely collection of homes featuring 5-9 units. These multi-family residences offer a unique blend of community and privacy, making them perfect for families, young professionals, or investors looking to capitalize on the thriving Seattle market. With spacious layouts and modern amenities, these homes provide a comfortable living experience while fostering a sense of camaraderie among neighbors.

The neighborhood is also well-equipped with an array of local parks, including the expansive Wedgwood Park, which features sports fields, playgrounds, and scenic walking trails, perfect for weekend outings or evening strolls. Families will appreciate the highly-rated schools, ensuring an excellent education for children of all ages.

Wedgwood is not just about homes; it’s a community that thrives on local businesses, with quaint shops, cafes, and restaurants dotting the area. Whether you’re grabbing coffee at a local café or enjoying a meal at a family-owned eatery, you’ll find that Wedgwood has a warm, welcoming vibe that makes it feel like home.

Explore the charm of Wedgwood and discover why this neighborhood is a sought-after destination for those looking to experience the best of Seattle living!

Newest Wedgwood Homes with 55 - 5-9 Units Style

$1,450,000

2593779 MLS ⋅ ACTIVE Status

Six-unit apartment building in Seattle’s Wedgwood neighborhood, well managed with zero vacancies and zero delinquencies. All paperwork is in order, with pre-screened tenants, move-in reports, healthy security deposits and last month’s rent on file. Five of the six units have been renovated with new LVP, fresh paint and updated electrical packages, and three of those five also have remodeled kitchens and bathrooms. Major system updates include new electrical panels (2025), main sewer line replaced (2022), double-pane vinyl windows throughout (2025) and newer hot water tanks (2023). The heavy lifting is complete, allowing a new owner to take over operations with ease. The mix is two 1BD/1BA units (approx. 580 sf) and four 2BD/1BA units (approx. 800 sf) on a 7,841 sf lot. A large basement provides shared laundry and four storage units, and six off-street parking spaces offer additional income potential. The property is surrounded by new construction, reflecting continued investment in the area. Located in an established Northeast Seattle neighborhood near Green Lake, Seattle Children’s Hospital, the University of Washington, I-5 and the Roosevelt light rail station. Solid in-place rents produce a 5.74% cap rate today. By finishing renovations as units turn over and adding in-unit washers and dryers to the 2BD units, a new owner has a clear path to a 7.13% cap rate at market rents.

2108 NE 85th Street, Seattle

Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com

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