$1,900,000
Est. $10,524/mo6,090 sq ft
714 N 1st Avenue N, Seattle, WA 98109
• Listed Oct 20, 2026•1 day active · 1 cumulative
Listing Broker: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.com
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Listing Broker: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.com
About this home
Rare Lower Queen Anne investment opportunity! This charming six-unit apartment building combines an exceptional Seattle location with a compelling value-add opportunity.? All six units have been recently renovated and feature a desirable mix of four two-bedroom/one-bath units and two one-bedroom/one-bath units.? Historically low tenant turnover and strong rental demand make this an attractive income-producing asset.? A rare seven-car parking lot, separate paid laundry room, and individual water meters for each unit add to the appeal.? With parking at a premium and future redevelopment potential to explore, this property offers investors the opportunity to hold a well-located asset today while considering its longer-term upside.?
Listed by Leah Hill • Windermere Real Estate Co.
Listing updated: October 20, 2026 at 05:43pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2596566
Around this home
How much should you offer?
714 N 1st 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
- 5-9 Units
Flooring
- Ceramic Tile
- Hardwood
- Laminate
- Carpet
Heating & cooling
- Radiator heating
- None cooling
Schools
Ratings via SchoolDiggerSeattle School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 6
- Units in building
- 6
- Units below grade
- true
- Building square feet
- 6,090 sq ft
Income & expenses
- Gross scheduled income
- $156,600
- Total monthly income
- $156,600
- Additional monthly income
- $2,750
- Gross adjusted income
- $156,600
- Net operating income
- $11,291,594
- Cap rate
- 5.9%
- Gross rent multiplier
- 12.13
- Total expenses
- $43,684
- Insurance
- $6,679
- Water / sewer / garbage paid by
- 10641
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 7
Taxes & assessment
- Annual taxes
- $26,364
- Tax year
- 2026
- Financing
- Cash, Conventional, Owner Will Carry
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 714 N 1st 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 19, 2026ListedNWMLS via MLS Grid · #2596566$1,900,000$312/sq ft
- Aug 7, 2020Recorded saleKing County recorder$200,000$33/sq ft
Mortgage payment forecast
$13,196 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: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.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 66 days.
Recent sales nearby
Within 1 mile · last 6 months$1,675,000 Sold
6 days ago
•Single Family
717 3rd Avenue N, Seattle, WA 98109
4%
Under list
133
Days on market
0.2 mi
Distance
$5,175,000 Sold
1 week 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
0.3 mi
Distance
$2,475,000 Sold
2 weeks ago
4 bd•3 ba•~3,300 sq ft•Single Family
463 Lynn Street, Seattle, WA 98109
0%
Over list
19
Days on market
1.0 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
0.6 mi
Distance
$1,355,000 Sold
6 weeks ago
4 bd•2 ba•~2,272 sq ft•Single Family
2217 4th Avenue N, Seattle, WA 98109
3%
Under list
63
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.
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 20, 2026 at 10:36 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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