Multifamily Property for Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA 98108

Description

Taghus (train house in Danish) Apartments, built in 2020 and offered to the market for the first time, provides the rare opportunity to acquire a nearly new multifamily asset in Seattle’s historic and rapidly evolving Columbia City neighborhood. Thoughtfully designed by an architect–homebuilder duo, the property features efficient floorplans, durable modern finishes, and low maintenance systems ideal for long-term ownership. The building comprises six studio units averaging 291 SF and three one-bedroom units averaging 492 SF — premium compact layouts highly sought after by young professionals. Units are equipped with air conditioning, dishwashers, in-unit laundry, and private balconies; Unit 9 further boasts a private rooftop deck. Located directly across the street from the Columbia City Light Rail Station, Taghus offers unmatched accessibility, with seamless connectivity to both Seattle’s major employment cores and the Kent Valley — the nation’s third-largest warehouse and logistics hub. Columbia City itself is one of Seattle’s most dynamic neighborhoods, characterized by a $136,649 average household income, steady investment and rent growth, walkable historic character, and an energetic mix of local dining, retail, and community amenities that continue to attract upwardly mobile renters. Investment Highlights: • Units feature patios, air-conditioning, dishwashers, in-unit laundry, storage options, and full-size appliances. • Direct access to Columbia City Light Rail Station • Structural engineering documents in-hand to convert existing 1-bedroom unit into a 2-bedroom unit.

Market Context

This multifamily in Seattle, WA is listed for sale. It is offered at an approximate 5.3% 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 5.3% asking cap rate is in line with the Seattle / Bellevue multifamily market average of about 5.5%.

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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