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 6.7%+. 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.
Active
Listed by:
Reid Jones,
Westlake Associates, Inc.
$2,295,000
711 21st Avenue, Seattle, WA 98122
18beds
8baths
6,036sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$380/sqft
$-- HOA
What's special
Surface parkingRebuilt unitsPex plumbingNew electrical panelsShared outdoor patioTorchdown roof
- 2 hours
- on Zillow |
- 19 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: 8 hours ago
Listed by:
Reid Jones,
Westlake Associates, Inc.
Source: NWMLS,MLS#: 2417426

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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: $380/sqft
- Annual tax amount: $19,368
- Date on market: 8/5/2025
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 1 day
- Loading
- Loading