Seattle Multifamily for Sale

Property Subtype:

Apartment

Date on Market:

2026-08-05

Vashon Land for Sale - Vashon/Maury Island

VERSATILE, INCOME GENERATING PROPERTY READY FOR REDEVELOPMENT, FOR SALE OR LEASE: 10 District 19 Water Shares! Water makes this property very valuable for development as no further shares have been issued for many years and water precludes redevelopment of most other Vashon properties. Zoning allows for individual or multi-family housing, assisted living or retirement community, mixed use commercial/residential, Section 8 Housing, professional offices, medical/dental, adult family home, event space, mobile home park, restaurant, commercial kitchen, farming/nursery, manufacturing/retail, tech business, food/beverage production, school, mixed use development and other business or residential uses. Optimal for hosting events or a retreat/conference center. +/- 4.7 flat acres (204,732 sq. ft.) zoned Industrial and Community Business with split zonings in one tax lot. Back approx. 111,868 sf. is zoned IP-SO (Industrial). 92,864 sf. is zoned CB-P-SO (Community Business). No critical areas. Approximately 300 ft. of public road frontage for great visibility and easy access. Presently the property generates significant income with a 1,475 sf building with 5 rooms for residential or commercial use, 4 additional rental units, a construction tenant, tent camping and an RV parking spot with hookups. It is connected to commercial sewer, PSE electricity, natural gas and high-speed internet. Complete plans included for a 24 unit mixed use commercial/residential development which would use only 3 of the water shares, so room for plenty of additional development. High visibility with frontage on Vashon Highway with ample parking. 20 minutes to either West Seattle, downtown Seattle or Tacoma ferries. Walking distance from downtown Vashon and the new Vashon Allied Arts Center. Adjacent to King County Metro Transit 118/119 bus lines. An outbuilding with shared laundry, an outdoor tub/spa house and outdoor picnic/kitchen shelter make the property attractive for B & B and short or long-term rentals. Separate office/apartment with kitchenette and second 3/4 bathroom on west side of main building. Slab with all utilities for travel trailer/RV/mobile. Commission paid for sale brought by real estate professional. Offers welcome. Lease to own, joint venture or owner contract possible.

Property Subtype:

Commercial

Date on Market:

2026-07-13

Seattle Retail for Sale - Ballard/U Dist

4733 Brooklyn Ave NE is a prime mixed-use development opportunity located in Seattle's highly desirable University District, offering investors the ability to capitalize on one of the city's most active and supply-constrained urban markets. The property occupies approximately 4,154 square feet of land and benefits from SM-U 75-240 (M1) zoning, allowing for high-density residential and commercial development. Positioned just blocks from the University of Washington, University Way ("The Ave"), and the U-District Light Rail Station, the site is supported by exceptional pedestrian activity, strong transit connectivity, and sustained demand driven by students, professionals, and surrounding employment centers. The property is currently leased, providing interim income while investors pursue future redevelopment or entitlement opportunities. Its strategic location, flexible zoning, and proximity to major institutional and commercial anchors make it well suited for long-term value creation. 4733 Brooklyn Ave NE presents a compelling investment opportunity by combining current income with significant redevelopment potential in one of Seattle's most established and rapidly evolving urban neighborhoods.

Property Subtype:

Freestanding

Date on Market:

2026-06-29

Seattle Multifamily for Sale - Ballard/U Dist

4737 Brooklyn Ave NE is a well-located multifamily property in Seattle’s University District, offering a straightforward combination of stable income and long-term upside in one of the city’s most consistently in-demand rental markets. The property consists of approximately 11 residential units and benefits from its position within a highly established urban neighborhood. Its location near the University of Washington, along with strong access to transit, employment centers, and surrounding amenities, continues to support steady rental demand and long-term occupancy stability. The asset is currently performing as a reliable income-producing property, with established tenancy and consistent cash flow. It offers immediate performance without requiring repositioning, making it a stable hold in the current market environment while going through the entitlement process. 4737 Brooklyn Ave NE presents a balanced investment profile—stable current income supported by strong rental fundamentals, combined with long-term optionality driven by location and asset characteristics. It is a straightforward multifamily opportunity in a proven Seattle rental corridor with enduring demand.

Property Subtype:

Apartment

Date on Market:

2025-07-17

Sammamish Office for Sale - Redmond

Rare Investment Opportunity, Live/Work Duplex style, Professional office building. Currently used as a Real Estate office. Located in the heart of Sammamish, this location is ideal for visibility, corner lot (shy 1/2 acre lot) 29,000 VPD with a monument sign! Abundant parking with 6 parking stalls. Lower level apartment is currently a rental generating $3500 a month, great cash flow! Buyer to participate in a 1031 tax deferred exchange.

Date on Market:

2026-05-30

Tacoma Office for Sale - Tacoma Suburban

Marketing description Prime Pacific Ave frontage location with strong daily traffic counts Small-suite office building – highly desirable for service-based tenants Efficient layouts with: Multiple private offices Reception / waiting areas Open workspace options Move-in ready / turn-key suites (minimal TI needed) Ideal for: Professional services Medical / wellness Small business operators High visibility signage opportunities Ample on-site parking for tenants and clients Easy access to Hwy 512 & I-5 corridor Located in a high-demand leasing pocket with consistent activity Well-maintained asset with strong curb appeal ?? Positioning line: “High-demand small-suite office asset in the heart of Pacific Ave with strong visibility and leasing velocity.”

Date on Market:

2026-05-25

Lakewood Retail for Sale - Univ. Place/Lakewood

Kidder Mathews is pleased to exclusively present the opportunity to acquire Royal Plaza, a two-building multi-tenant retail center in Lakewood’s Koreatown at 8510-8534 S. Tacoma Way, Lakewood, WA. The property consists of approximately 12,989-squarefoot retail space situated on ±1.14 acre and is currently occupied by eight seasoned tenants, with one vacant unit offering lease-up upside for an investor or potential owner-user opportunity. The center features a stable mix of foods and service tenants, with several shop spaces currently leased below market rates. This presents a compelling value-add opportunity through the lease-up of the existing ±3,000 square foot vacancy, future rent increases, and/or strategic re-tenanting. For investors seeking stable in-place income with meaningful NOI growth potential, Royal Plaza represents a rare opportunity that balances downside protection with upside potential. Royal Plaza benefits from its proximity to Joint Base Lewis-McChord (JBLM), home of I-Corps and the 62nd Airlift Wing. JBLM is one of the largest military installations on the West Coast, supporting ±60,000 military and civilian personnel, contributing nearly $3 billion annually to the local economy, and serving over 254,000 residents in the surrounding area. The property is surrounded by a strong roster of national and regional retailers, including H-Mart Supermarket, Pal-Do World Market, WinCo Foods, Lowe's, Safeway, Walgreens, Starbucks, McDonald’s, Wells Fargo, and Chick-fil-A. This creates a high-traffic and synergistic retail corridor. The property is strategically located and offers convenient access to key regional destinations. • ±30 minutes to Olympia • ±35 minutes to SeaTac International Airport • ±45 minutes to Downtown Seattle Positioned in the heart of South Tacoma submarket, this is one of most active retail corridors in Pierce County. Royal Plaza benefits from a dense and growing population base of more than 295,000 residents within a five-mile radius, with an average household income exceeding $99,000. This 1031 exchange-ready asset offers an attractive combination of stable cash flow, seasoned tenancy, value-add potential, and a prime location

Date on Market:

2026-05-12

Lakewood Land for Sale - Fort Lewis

INVESTOR BRIEF: LAKEWOOD APARTMENT REDEVELOPMENT OPPORTUNITY Acquisition Price: $799,000 (~$31,960 per Planned Unit) This multifamily redevelopment opportunity offers investors a rare combination of discounted basis, completed due diligence, and significant development work already completed. The property is being offered with a comprehensive "Ready-for-Submittal" package, including a professional appraisal and extensive engineering, mechanical, electrical, landscape, and geotechnical work. I. THIRD-PARTY VALUE VALIDATION (APPRAISAL) A comprehensive third-party appraisal (available in the DD Room) concluded a market value of $935,000 as of May 2021 and identified multifamily redevelopment as the property's highest and best use. • Appraised Value: $935,000 (May 2021) • Current Offering Price: $799,000 • Discount to Appraised Value: $136,000 • Significant additional engineering and design work completed since the appraisal date. The current offering price represents an acquisition basis below the appraised land value despite the addition of substantial entitlement and design work. II. HIGH-DENSITY MF-3 ZONING • Zoning: MF-3 High Density Multifamily • Allowed Density: Up to 54 units per acre • Site Size: Approximately 0.45 acres • Concept Plan: 25-unit apartment development The project concept has been designed around maximizing the site's zoning potential while maintaining functional site circulation and parking. III. THE DRAINAGE ADVANTAGE One of the site's strongest economic advantages is its favorable geotechnical profile. GeoConsult's investigation identified: • Native Continental Glacial Outwash soils • Verified design infiltration rate of 20 inches per hour This infiltration performance supports underground drywell systems rather than costly detention vault infrastructure often required on Pierce County multifamily projects. Potential savings compared to traditional detention systems can be substantial and may materially improve overall project economics. IV. READY-FOR-SUBMITTAL DEVELOPMENT PACKAGE Included with the sale: • Geotechnical Report • Preliminary Civil Engineering Plans • Topographic Survey • HVAC Design Package • Electrical Engineering Package and Load Calculations • Landscape and Arborist Plans • Energy Code Documentation • City Correspondence and Development Review Materials This package represents significant pre-development time and expense already invested by ownership. V. TAX INCENTIVE & INTERIM INCOME • Eligible for the City of Lakewood's 12-Year Multifamily Tax Exemption (MFTE) • Existing improvements currently generate approximately $3,700/month in gross rental income The existing income stream helps offset carrying costs during entitlement and permitting. VI. MARKET FUNDAMENTALS Key project drivers include: • Proximity to JBLM • Strong regional rental demand • Limited multifamily housing inventory • Favorable demographics supporting workforce housing The project's unit mix and location are positioned to serve both military-affiliated and civilian renter demand. VII. DUAL EXIT STRATEGY While designed as a multifamily rental community, the project may also support a future condominium conversion strategy, subject to market conditions and applicable approvals. Potential benefits include: • Multiple disposition pathways • Flexibility to respond to market cycles • Opportunity to capture retail housing demand in addition to rental demand VIII. DUE DILIGENCE ROOM CONTENTS 1. 2021 Appraisal Report ($935,000 Valuation) 2. Geotechnical Report 3. Topographic Survey 4. Preliminary Civil Engineering Plans 5. HVAC Design Package 6. Electrical Engineering Package 7. Landscape Plan 8. Energy Compliance Documentation 9. City of Lakewood Correspondence 10. MFTE Eligibility Documentation DISCLOSURE Owner is a licensed real estate broker in the State of Washington and is a co-listing agent.

Property Subtype:

Residential

Date on Market:

2026-02-11