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JRJeff ReynoldsCompass · Seattle
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Active

Listed by Aaron Byrne, KW Everett

5,156
Square feet
$310
Per sq ft
Multi Family
Type
1969
Year built
6,750 sq ft
Lot
1
Days on market

About this property

Rare value-add opportunity in the heart of West Seattle's Admiral District. This 8-unit multifamily property sits on a 6,750 SF LR3 RC (M) zoned lot in a designated Urban Village — with permits already in hand to expand to 10 units. Renovate the existing 1969-built structure and capture immediate rent upside, or leverage approved plans to rebuild and maximize density. Solid poured-concrete foundation, on-site parking for 8 vehicles, and Puget Sound views from upper units add lasting value regardless of path chosen. With Seattle's One Seattle Comprehensive Plan and pending Centers and Corridors legislation positioning Admiral District for continued growth, this is a rare entry point for investors seeking income today and upside tomorrow. Offered at $1,600,000. *Some pics prior to current remodel*

Location & commute

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Directions

Property details

Listing details

Listing number
#2576278
Listed
August 31, 2026
Days on market
1
Price per sq ft
$310

Unit & building

Stories in building
4
Units in building
8

Parking

Total spaces
8

Views

View
MountainsPartialSoundTerritorial

Construction

Year built
1969
Style
55 - 5-9 Units
Structure
Multi Family
Roof
FlatTorch Down

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
ConcreteVinylCarpet

Lot

Lot features
AlleyCurbsPavedSidewalk
Lot size
6,750 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
SPU
Sewer
SPU
Power
SPU

Schools

District
Seattle
Elementary
Gatewood
Middle
Madison Mid
High
West Seattle High

What stands out to you?

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  • Mountains
  • Partial
  • Sound
  • Territorial
  • Multi Family
  • Flat
  • Torch Down
  • Baseboard
  • None
  • Electric
  • Concrete
  • Vinyl

Listing history

  1. Listed

    $1,600,000

    August 31, 2026

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

$9,317

Principal & interest
$8,090
Property tax (est.)
$1,227

Assumes $320,000 down (20%), a $1,280,000 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 September 1, 2026 at 12:30 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.