$3,250,000
Est. $16,468/mo741 Federal Avenue E, Seattle, WA 98102
• Listed 2026-04-02•71 days on market
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Based on information submitted to the MLS GRID as of April 2, 2026 at 02:58pm (date and time MLS GRID Data was obtained). 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.
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David Apartments is a rare Capitol Hill investment opportunity ideally located on Federal Avenue East, just moments from Volunteer Park, the Broadway retail corridor, and Capitol Hill Light Rail. Built in 1927, the property showcases timeless brick architecture, original character, and high ceilings that set it apart from commodity inventory. With a Walk Score of 94, the location supports strong and consistent tenant demand. In-place rents are well below nearby renovated comps, presenting a clear value-add opportunity through strategic interior upgrades. Located in one of Seattle’s most desirable, high-barrier-to-entry neighborhoods, David Apartments offers investors the chance to capture meaningful upside in both income and long-term appreciation.
Listed by Max Frame • Kidder Mathews
Listing updated: April 2, 2026 at 02:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2501955
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741 Federal Avenue E, Seattle, WA 98102
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 9 days.
$699,900 Sold
3 weeks ago
3 bd•1 ba•~1,195 sq ft•Single Family
1225 E Roy Street, Seattle, WA 98102
0%
Over list
—
Days on market
0.2 mi
Distance
$4,400,000 Sold
3 weeks ago
5 bd•5 ba•~8,100 sq ft•Single Family
1617 Federal Avenue E, Seattle, WA 98102
12%
Under list
—
Days on market
0.5 mi
Distance
$2,650,000 Sold
6 weeks ago
•Single Family
221 Belmont Avenue E, Seattle, WA 98102
17%
Under list
—
Days on market
0.5 mi
Distance
$925,000 Sold
2 months ago
3 bd•1 ba•~1,456 sq ft•Single Family
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0%
Over list
—
Days on market
0.5 mi
Distance
$699,950 Sold
2 months ago
1 bd•0.5 ba•~830 sq ft•Single Family
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0%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
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