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Browse All King WA Multi-Family Properties for Sale

$719,000
2544296 MLS PENDING Status
Why buy just one house when you can get two completely independent, turn-key homes for the price of one? Positioned perfectly for savvy buyers looking to offset their mortgage or investors seeking a high-yield property, this unique setup delivers incredible built-in value. Offering a combined total of 1,944 finished sq. ft. of premium living space, this dual-income asset is priced at an exceptional blended rate for fully updated King County real estate. Main Residence: A stylishly remodeled 1,224 sq. ft., 3-bedroom, 2-bathroom single-story home. Features a modern great room layout and a dream kitchen boasting an oversized island eating bar, quartz countertops, and stainless steel appliances. The primary suite is a true retreat with a walk-in closet and a spa-like bath featuring a floating vanity and designer tile. Detached Second Home/DADU: A fully permitted, independent 720 sq. ft., 1-bedroom, 1-bathroom residence. Completely redone from top to bottom, it offers total privacy, its own independent kitchen, a separate driveway, and its own dedicated yard. Perfect for Airbnb or long-term rental income, an independent multigenerational living arrangement, or a premium work-from-home office. Situated on a spacious, level corner lot, this property stands out with 2 fully equipped kitchens, 2 separate driveways, and 2 distinct yards. There is no overlapping footprint here. This isn't just a house with a guest room, it’s a dual-income powerhouse or a mortgage-subsidizing dream.

1210 E Seattle St, Kent

Listing courtesy of Columbia Partners Real Estate.

$1,250,000
2546087 MLS PENDING INSPECTION Status
Great Renton Investment Opportunity! Located across from a Boeing Admin Building, & close to the Renton Municipal Airport, The Landing, & downtown Renton, with easy access to 405. This 5-unit apartment complex includes two 2-bedroom 1-bath units & three 1-bedroom 1-bath units. These well-maintained, owner-managed apartments have been updated over time with double-pane vinyl windows, hardwood laminate & tile flooring, tile showers, & updated white cabinetry in kitchens & baths. The on-site laundry room & covered storage area are adjacent to the designated off-street parking for each unit. The roof was replaced in 2020 by Bravo Roofing & includes a transferable 12-year warranty. Marblecrete siding offers easy care maintenance. The landscaping has been professionally maintained. Built in 1968 with an effective year built of 2000. The plumbing was updated by the prior owner before the current owner's purchase in 2017. Competitive rents & competitive price with 5.65 CAP rate. Invest in this well-operated business opportunity & avoid purchasing landlord problems. Current leases use RHAWA forms with annual renewals for optimum tenant success. Renton renters & landlords are protected primarily by the WA State Residential Landlord-Tenant Act (RCW 59.18). This statewide framework ensures habitability, regulates security deposits, & outlines just-cause eviction requirements. Photos & videos show the current interior & exterior condition. Occupied unit inspections upon offer acceptance.

809 N 6th Street, Renton

Listing courtesy of Keller Williams Realty PS.

$1,375,000
2542138 MLS ACTIVE Status
Rare opportunity to acquire a six-unit apartment building in Carnation. Seller financing offered with ~35% down and interest-only payments during the first year, allowing the new owner to maximize cash flow while renovating units, increasing rents, and stabilizing the property before principal payments begin. Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential (buyer to verify), adding long-term value beyond the existing improvements. Unit mix consists of (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility for future improvements and repositioning. Current rents are approximately 40% below projected market rents following renovations, creating exceptional value-add potential. Additional income is generated through the on-site common laundry, and current tenants reimburse the owner for utilities, helping offset operating expenses. Additional features include ample parking, a roof with substantial remaining useful life, and recently replaced upper decks. Ideally located in downtown Carnation, just minutes from Snoqualmie, with convenient access to SR 520, Microsoft, Redmond, and Bellevue. A compelling opportunity to acquire a value-add multifamily asset with flexible financing, strong upside, and long-term appreciation potential in one of King County's most supply-constrained rental markets.

31624 W Rutherford Street, Carnation

Listing courtesy of Real Broker LLC.

$999,999
2542473 MLS ACTIVE Status
Please see Virtual Tour #1***THIS IS A PROPERTY BEING SOLD TO APARTMENT/CONDO DEVELOPERS***In Seattle’s zoning code, for Lowrise 2 (LR2) with an M designation, there is a Mandatory Housing Affordability (MHA) overlay. This MHA program allows developers to achieve extra floor area (which can translate to more units) if they either provide affordable housing on-site or pay into the city’s affordable housing fund. Thus, by complying with the MHA requirements, a developer can gain added capacity (height, floor area) and potentially increase the number of units. Specific limits depend on lot size and other code factors. In Seattle's LR2-M zone, the exact height and floor area increase from the M designation depending on the city’s specific MHA tables. Typically, the M designation grants an extra 10 feet of height (e.g., from 40 feet to 50 feet). Floor area ratio (FAR) also increases—often by around 0.5 FAR. On a 4,500 sq ft lot, if the base FAR was, say, 1.2 (allowing 5,400 sq ft of building), an M increase to 1.7 FAR could allow about 7,650 sq ft total. Always confirm with the current city tables, as specifics can vary. This is a guestimate from the Broker and everything needs to be verified Property built before 1978 thus we are warning of Lead Paint (see disclosure phamplet in supplements) IF YOU ARE PLANNING TO DEVELOPE THIS SITE YOU WILL RENTAL INCOME WITH A LITTLE WORK TO SUPPLEMENT THE DEVELOPEMENT COSTS.

917 28th Avenue S, Seattle

Listing courtesy of Premier Homes and Land.

$799,000
2542088 MLS ACTIVE Status
Exceptional opportunity for homeowners and investors alike! This versatile 5-bedroom, 4.5-bath property offers strong income potential, flexible living arrangements, and future development possibilities on a generous lot. With separate entrances for both levels, it's ideal for multigenerational living, owner-occupants seeking rental income, or savvy investors. The main level features a gourmet kitchen, spacious living areas, and three generously sized bedrooms with two full bathrooms. The lower level offers multiple income-producing units, each with its own bathroom, while the larger unit includes a full kitchen. Currently partially rented on a month-to-month basis, the property has the potential to generate approximately $6,000 per month in rental income, including about $3,000 from each level. With a projected cap rate approaching 6%, this is a rare investment opportunity in a desirable location. Situated on a large lot surrounded by established single-family homes and attractive new construction, the property offers immediate cash flow and long-term upside. Explore the potential to build your dream home while collecting rental income from the existing residence. Also listed as a duplex, this unique offering provides exceptional flexibility and value. Conveniently located within walking distance to the light rail station, with easy access to shopping, dining, and major employment centers, this is an opportunity you won't want to miss.

24029 24th Avenue S, Des Moines

Listing courtesy of Keller Williams Rlty Bellevue.

$1,900,000
2541763 MLS ACTIVE Status
Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.

816 N 38th Street, Seattle

Listing courtesy of Westlake Associates, Inc..

$884,000
2539682 MLS ACTIVE Status
Live Large, Live Flexible in this Modern South Burien Oasis. There is so much more here than meets the eye - just wait until you get a look inside! This stunning, single-level home offers the ultimate blend of modern luxury and functional flexibility. Rebuilt studs-out in 2021, the interior shines with sunlit skylights, warm contemporary finishes, and gorgeous tongue-and-groove vaulted ceilings. Keep the layout as one spacious 4-bedroom home, or utilize the smart floor plan as two distinct units (a 3BR/1.5BA main unit and a private 1BR/1.25BA fully contained suite). The potential for multi-gen living, a mini-compound or income generation is here for the taking - including a detached garage that could be transformed into a fantastic DADU! Step outside into your fully fenced, low-maintenance backyard sanctuary. Host year-round under two large pergolas, or hook up your dream hot tub and water feature with pre-installed wiring. Parking is a breeze with room for 6+ cars, an RV, and two single-car garages. To top it all off, enjoy Lot A beach rights to The Cove community beach & club (with voluntary dues). Nestled in a vibrant South Burien neighborhood, you are minutes from beautiful regional parks and beaches and a quick 10-minute drive to the airport. Immerse yourself in the booming food scene and wealth of year-round community events. This is a fantastic opportunity to invest in your future and own a property that will always be in demand. Your next adventure begins here!

237 S 186th Street, Burien

Listing courtesy of The Agency Seattle.

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Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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