Pending

Listed by:

Reid Jones,

Westlake Associates, Inc.

Price cut: $200K (10/28)

$1,995,000

711 21st Avenue, Seattle, WA 98122

18beds

8baths

6,036sqft

Est.:

Multi Family

Built in 1900

-- sqft lot

$1,841,100 Zestimate^®

$331/sqft

$-- HOA

What's special

Surface parkingRebuilt unitsPex plumbingNew electrical panelsShared outdoor patioTorchdown roof

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 8.1%+. 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.

129 days

148

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 18
Bathrooms: 8

Heating

Wall Unit(s), Electric

Cooling

None

Features

Flooring: Ceramic Tile, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 6,036
Total interior livable area: 6,036 sqft

Property

Parking

Total spaces: 6
Parking features: Open
Uncovered spaces: 6

Lot

Size: 7,200.47 Square Feet
Features: Curbs, Paved, Sidewalk, Fenced-Partially

Details

Parcel number: 912610265
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Torch Down

Condition

Year built: 1900
Major remodel year: 1994

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Central Area

Location

Region: Seattle

Financial & listing details

Price per square foot: $331/sqft
Annual tax amount: $19,368
Date on market: 8/5/2025
Cumulative days on market: 130 days
Listing terms: Cash Out,Conventional

Estimated market value

$1,841,100

$1.75M - $1.93M

$3,355/mo

Price history

Date	Event	Price
12/2/2025	Pending sale	$1,995,000$331/sqft
Source: NWMLS #2417426 Report a problem
10/28/2025	Price change	$1,995,000-9.1%$331/sqft
Source: NWMLS #2417426 Report a problem
9/25/2025	Price change	$2,195,000-4.4%$364/sqft
Source: NWMLS #2417426 Report a problem
8/6/2025	Listed for sale	$2,295,000$380/sqft
Source: NWMLS #2417426 Report a problem