709 NE 43rd St — Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA 98105

Photos

709 NE 43rd St — Sale in Seattle, WA, photo 1 of 7
709 NE 43rd St — Sale in Seattle, WA, photo 2 of 7
709 NE 43rd St — Sale in Seattle, WA, photo 3 of 7
709 NE 43rd St — Sale in Seattle, WA, photo 4 of 7
709 NE 43rd St — Sale in Seattle, WA, photo 5 of 7
709 NE 43rd St — Sale in Seattle, WA, photo 6 of 7
709 NE 43rd St — Sale in Seattle, WA, photo 7 of 7

Investment Figures

Cap rate
4.21%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

709 Apartments presents investors with a rare opportunity to acquire a well-maintained asset in one of Seattle's most walkable and transit-rich corridors. Situated minutes from the University of Washington, the property earns a Walker's Paradise designation with a 93 Walk Score, complemented by an 83 Bike Score and 82 Transit Score — metrics that consistently support low vacancy and strong renter demand. The diverse unit mix of studio and two-bedroom homes is supported by significant capital improvements already in place, including a roof replaced within the last four years, Square D electrical panels, and full copper plumbing, meaningfully reducing near-term CapEx exposure for an incoming owner. The 709 Apartments offers investors a strong underlying land position and unique scale opportunity. Situated on a 2,500-square-foot lot zoned Mid-Rise (MR M1) and within walking distance of the University of Washington, the asset carries long-term redevelopment optionality in addition to its in-place income. Investors seeking immediate scale will also find the 4-plex available for purchase directly across the street at 710 NE 43rd St — a rare chance to assemble a two-property portfolio. Investment Highlights: • Diverse unit mix of studio-, one and two-bedroom homes averaging 518 square feet • 2,500 square foot lot of Mid Rise (MR M1) zoning within walking distance of the University of Washington • Significant capital improvements already in place: Roof replaced within the last four years, Square D electrical panels, Full copper plumbing • Additional 4 Plex also available for purchase across the street (710 NE 43rd St) offer investors immediate scale • Walkers Paradise: 93 walk Score, 83 Bike Score, 82 Transit Score

Market Context

This multifamily in Seattle, WA is listed for sale. It is offered at an approximate 4.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Seattle, WA — view the full market.

As of Q1 2026, the Seattle / Bellevue multifamily market showed a 7.3% vacancy rate, and average asking rents near $2004.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Seattle / Bellevue multifamily market tightening or softening?
Vacancy is around 7.3% (Q1 2026).

Contact

Explore this market

Similar Multifamily Property for Sale in Seattle, WA