Multifamily Property for Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA 98102

Description

Situated on a 2,631 square foot parcel of land, the subject property was originally built in 2016 with a Built Green 4 Star certification. Capitol Core features a building area of roughly 5,899 square feet offering tenants modern studio floor plans. Tenants enjoy convenient amenities such as an in-unit washer and dryer, stainless steel appliances, vinyl hardwood flooring, quartz countertops, and private rooftop decks in select units. Capitol Hill is a chic neighborhood just northeast of Downtown Seattle offering a wide array of restaurants, bars, boutiques, breweries, and other lifestyle amenities all within walking distance of the subject property. The neighborhood offers a tight knit atmosphere while being just minutes from the vibrant tourist hotspots in Downtown Seattle. Capitol Core also features close proximity to a multitude of transportation corridors such as Interstate 5, State Route 520, and the Capitol Hill Light Rail Station, offering tenants convenient access to Downtown Seattle, the University of Washington, Bellevue, and other attractive locations. The investment appeal of this asset is driven by Seattle's strong employment fundamentals and low vacancy levels. With a world class location in the heart of Seattle, Capitol Core presents an attractive choice for investors due to its convenient tenant amenities and close proximity to countless high-end shopping, dining, and entertainment options. Investment Highlights: • Prime Turnkey Seattle Investment Opportunity • Exempt from State Rent Control • Convenient Tenant Amenities • Beautifully Designed Modern Floor Plans • Major Transportation Corridors

Market Context

This multifamily in Seattle, WA is listed for sale. It is offered at an approximate 4.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Seattle, WA — <a href="/search/sale/multifamily/washington/seattle">view the full market</a>.

As of Q1 2026, the Seattle / Bellevue multifamily market showed a 7.3% vacancy rate, and cap rates around 5.5%. Source: Consensus Q1 2026 market report.

Its 4.2% asking cap rate is below the Seattle / Bellevue multifamily market average of about 5.5%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Seattle / Bellevue?
About 5.5% as of Q1 2026, per Consensus.
Is the Seattle / Bellevue multifamily market tightening or softening?
Vacancy is around 7.3% (Q1 2026).

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