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JRJeff ReynoldsCompass · Seattle

Listed by Dan Swanson, Kidder Mathews

15,433
Square feet
$298
Per sq ft
Multi Family
Type
1964
Year built
10,664 sq ft
Lot
254
Days on market

About this property

A well maintained Multi-family asset in Seattle's walkable Wallingford neighborhood, one of the city's most coveted communities. Situated on a corner lot, the property is steps away from Lake Union, Gas Works Park and Burke Gilman Trail. On the market for the first time, featuring 15 units averaging 828 square feet. Most units offer views of Lake Union and all features large balconies. Secure entry, durable copper supply plumbing, cast iron drains and updated Square D electrical subpanels. 20 parking spaces (6 covered) large resident storage room and common laundry on two floors. A 5.3% cap rate on rents as of February 2026 (increase notice already sent) and current expenses with upside.

Location & commute

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Directions

Property details

Listing details

Listing number
#2433143
Listed
September 12, 2025
Days on market
254
Price per sq ft
$298

Unit & building

Stories in building
3
Units in building
15

Views

View
CanalCityLakeTerritorial

Construction

Year built
1964
Style
56 - 10+ Units
Structure
Multi Family
Roof
Flat

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Lot

Lot features
Corner LotCurbsPavedSidewalk
Lot size
10,664 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Seattle
Elementary
Green Lake
Middle
Hamilton Mid
High
Lincoln High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Canal
  • City
  • Lake
  • Territorial
  • Multi Family
  • Flat
  • Baseboard
  • None
  • Electric
  • Corner Lot
  • Curbs
  • Paved

Listing history

  1. Listed

    $4,600,000

    September 12, 2025

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$26,787

Principal & interest
$23,260
Property tax (est.)
$3,527

Assumes $920,000 down (20%), a $3,680,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.