711 21st Avenue Seattle WA 98122 MLS #NWM2417426

Listing Provided Courtesy of Westlake Associates, Inc.
Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 6.7%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.

Property Details

Price:
$2,295,000
MLS #:
NWM2417426
Status:
Active
Beds:
0
Baths:
0
Address:
711 21st Avenue
Type:
Multi Family
Subdivision:
Central Area
Neighborhood:
390 – Central Seattle
City:
Seattle
Listed Date:
Aug 6, 2025
State:
WA
Finished Sq Ft:
6,036
Total Sq Ft:
6,036
ZIP:
98122
Lot Size:
7,200 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
6

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Ceramic Tile, Vinyl Plank, Carpet
Heating
Wall Unit(s)

Exterior

Construction Materials
Wood
Exterior Features
Wood
Parking Spots
6
Roof
Torch Down
Security Features
Partially Fenced

Financial

Net Operating Income
$113,137
Tax Year
2025
Taxes
$19,368

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