$4,750,000
Est. $26,310/mo13,545 sq ft
307 Queen Anne Avenue N, Seattle, WA 98109
• Listed Oct 17, 2026•New today
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
About this home
he Kenneth Apartments presents an exceptional investment opportunity in Seattle's desirable Lower Queen Anne neighborhood, just one block from Climate Pledge Arena and steps from Seattle Center, the Space Needle, dining, shopping, and entertainment. Built in 1925, this 24-unit property features classic brick and terra cotta architecture with a mix of 3 efficiency units, 9 studios, and 12 one-bedroom apartments. The property offers approximately 13,545 rentable square feet, seven surface parking stalls, and on-site laundry. Capital improvements include updated electrical panels, double-pane windows, a new boiler in 2023, and an updated fire alarm panel in 2018. Original hardwood floors, millwork, and built-ins provide character and opportunities for value-add renovations. Offered at approximately $198,000 per unit, The Kenneth provides investors with an opportunity to increase rental income through interior improvements and bringing rents closer to market levels. An assumable interest-only loan offers an additional financing option, subject to lender approval. Ideally positioned near major employment centers in Downtown Seattle and South Lake Union, The Kenneth combines historic charm, rental upside, and an outstanding urban location.
Listed by Max Frame • Kidder Mathews
Listing updated: October 17, 2026 at 08:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2595687
Around this home
How much should you offer?
307 Queen Anne Avenue N, Seattle, WA 98109
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Flooring
- Hardwood
- Vinyl Plank
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- John Hay Elementary SchoolPublic · Grades PK-5 · 0.8 mi · State rank 378 of 1,1386/10
- McClure Middle SchoolPublic · Grades 6-8 · 1.1 mi · State rank 36 of 51410/10
- The Center SchoolPublic · Grades 9-12 · 0.3 mi · State rank 28 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 24
- Units below grade
- false
- Building square feet
- 13,545 sq ft
Income & expenses
- Gross scheduled income
- $397,508
- Total monthly income
- $33,120
- Gross adjusted income
- $421,685
- Net operating income
- $258,522
- Cap rate
- 5.4%
- Gross rent multiplier
- 18.4
- Vacancy rate
- 4%
- Total expenses
- $163,163
- Insurance
- $16,165
- Electric
- $10,630
- Fuel
- $10,631
- Other expenses
- $62,602
- Water / sewer / garbage paid by
- 10630
Taxes & assessment
- Annual taxes
- $52,505
- Tax year
- 2026
- Financing
- Assumable, Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 307 Queen Anne Avenue N
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 17, 2026ListedNWMLS via MLS Grid · #2595687$4,750,000$351/sq ft
- Dec 31, 2015Recorded saleKing County recorder$110,000$8/sq ft
- Jul 10, 2007Recorded saleKing County recorder · Statutory warranty deed$3,373,200$249/sq ft
Mortgage payment forecast
$31,873 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
Market pulse
Seattle is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 64 days.
Recent sales nearby
Within 1 mile · last 6 months$1,675,000 Sold
3 days ago
•Single Family
717 3rd Avenue N, Seattle, WA 98109
4%
Under list
133
Days on market
0.5 mi
Distance
$5,175,000 Sold
4 days ago
5 bd•5.75 ba•~6,347 sq ft•Single Family
160 Highland Drive, Seattle, WA 98109
3%
Under list
68
Days on market
0.6 mi
Distance
$1,498,000 Sold
5 weeks ago
4 bd•2.75 ba•~2,120 sq ft•Single Family
1721 3rd Avenue N, Seattle, WA 98109
0%
Over list
19
Days on market
0.9 mi
Distance
$2,450,000 Sold
6 weeks ago
3 bd•2.25 ba•~2,390 sq ft•Single Family
370 Highland Drive, Seattle, WA 98109
2%
Under list
24
Days on market
0.7 mi
Distance
$4,950,000 Sold
8 weeks ago
5 bd•4.5 ba•~4,420 sq ft•Single Family
362 Ward Street, Seattle, WA 98109
7%
Under list
107
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 1:32 PM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial 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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