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709 NE 43rd St
Seattle, WA 98105
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Diverse unit mix of studio-, one and two-bedroom homes averaging 518 square feet
- Significant capital improvements already in place: Roof replaced within the last four years, Square D electrical panels, Full copper plumbing
- Walkers Paradise: 93 walk Score, 83 Bike Score, 82 Transit Score
- 2,500 square foot lot of Mid Rise (MR M1) zoning within walking distance of the University of Washington
- Additional 4 Plex also available for purchase across the street (710 NE 43rd St) offer investors immediate scale
Executive Summary
709 Apartments presents investors with a rare opportunity to acquire a well-maintained asset in one of Seattle's most walkable and transit-rich corridors. Situated minutes from the University of Washington, the property earns a Walker's Paradise designation with a 93 Walk Score, complemented by an 83 Bike Score and 82 Transit Score — metrics that consistently support low vacancy and strong renter demand. The diverse unit mix of studio and two-bedroom homes is supported by significant capital improvements already in place, including a roof replaced within the last four years, Square D electrical panels, and full copper plumbing, meaningfully reducing near-term CapEx exposure for an incoming owner.
The 709 Apartments offers investors a strong underlying land position and unique scale opportunity. Situated on a 2,500-square-foot lot zoned Mid-Rise (MR M1) and within walking distance of the University of Washington, the asset carries long-term redevelopment optionality in addition to its in-place income. Investors seeking immediate scale will also find the 4-plex available for purchase directly across the street at 710 NE 43rd St — a rare chance to assemble a two-property portfolio.
The 709 Apartments offers investors a strong underlying land position and unique scale opportunity. Situated on a 2,500-square-foot lot zoned Mid-Rise (MR M1) and within walking distance of the University of Washington, the asset carries long-term redevelopment optionality in addition to its in-place income. Investors seeking immediate scale will also find the 4-plex available for purchase directly across the street at 710 NE 43rd St — a rare chance to assemble a two-property portfolio.
Property Facts
| Price Per Unit | $343,011 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.21% | Building Size | 2,070 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low-Rise | Parking Ratio | 0.48/1,000 SF |
| Zoning | L3, Seattle | ||
| Price Per Unit | $343,011 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,070 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | L3, Seattle |
Amenities
Unit Amenities
- Balcony
- Fireplace
Property Taxes
| Parcel Number | 409230-0910 | Improvements Assessment | $35,168 CAD |
| Land Assessment | $1,329,360 CAD | Total Assessment | $1,364,528 CAD |
Property Taxes
Parcel Number
409230-0910
Land Assessment
$1,329,360 CAD
Improvements Assessment
$35,168 CAD
Total Assessment
$1,364,528 CAD
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