
Seattle, WA 98119
This High-Potential Investment Opportunity is a Residential Income Asset listed at $1,495,000, positioned slightly above the $1,445,470 Fair Market Value. Featuring a Fair Condition Rating, the property offers significant upside through interior modernization. Key highlights include LR1 (M) Zoning, a 7,200 sqft lot, and nine total parking spaces. With recent 2023 electrical and water heater upgrades, this vacant fourplex is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage the property's redevelopment potential and sweeping views in Queen Anne.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1953 10th Avenue W Subject 0 bd · 0 ba · 3,528 sqft · $410 | $1,495,000* List Price | 0 | 0 | 3,528 | $410 | - |
A 1318 W Barrett Street Sold 0 bd · 0 ba · 3,870 sqft · $402 · 0.7 mi | $1,555,500 | 0 | 0 | 3,870 | $402 | 0.7 mi |
B 1435 9th Avenue W #1437 Active 0 bd · 0 ba · 3,330 sqft · $420 · 0.4 mi | $1,400,000 List Price | 0 | 0 | 3,330 | $420 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features significant 2023 system upgrades (electrical and water heater) and double-pane windows, the interior finishes in the kitchens and bathrooms appear to be 20+ years old. The cabinetry, laminate countertops, and vinyl flooring are functional but dated, aligning with the 'Fair' criteria for units needing modernization despite being well-maintained.
Delivered vacant with LR1 (M) zoning on a 7,200 sqft lot, offering rare flexibility for owner-occupancy, immediate renovation, or future townhome redevelopment in a prime location.
Features updated interiors with in-unit laundry and stainless appliances, complemented by significant 2023 upgrades to the water heater and electrical systems.
The property provides an unusually high parking capacity with nine total spaces (seven surface, two garage) and double-pane windows that capture sweeping neighborhood views.
Originally constructed in 1906, the building may require ongoing capital expenditure and structural oversight typical of century-old multi-family assets.
While the zoning suggests redevelopment potential, navigating Seattle's LR1 (M) requirements and verification processes can be complex, costly, and time-consuming for developers.
We are pleased to present the 10th Ave W Fourplex in Seattle’s Queen Anne neighborhood. This offering presents a rare combination of immediate usability, flexible investment strategies, and future upside. Delivered vacant, the property is well suited for an owner occupant seeking to move in immediately while renovating or repositioning the remaining units over time. The property may also appeal to townhome developers evaluating the LR1 (M) zoning and 7,200 square foot lot for future redevelopment potential, subject to buyer verification. It features four individually metered residences with a unique mix of updated interiors, double pane windows offering sweeping views, and in unit washer and dryers. The units include hardwood flooring, stainless steel and white appliances, dishwashers, updated cabinetry, private deck access, and walk-in closet space. Recent improvements include a replacement water heater system completed in 2023 and electrical upgrades completed in conjunction with the water heater installation. The building also includes basement storage, seven parking spaces, and two garage spaces. With a blend of existing improvements and additional upside through continued interior modernization and operational review, the property presents investors with the opportunity to acquire a well located small multifamily asset in one of Seattle’s most established rental neighborhoods
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,528 | 5,554.5 |
| Lot Size | 7,200 | 10,915.5 |
| Price | $1.50M | $2.88M |
| Price per sq ft | $424 | $491 |
| Built year | 1906 | 1961 |
| HOA | $0 | $0 |
| Days on market | 33 | 124 |
Sep 21, 2026
$1,495,000
Initial Listing