Search
11-Unit Apartment Building
For Sale
$2,995,000
Pending

565 569 Lee St, Seattle, WA 98109

Seattle property with one-bedroom apartments, a three-bedroom penthouse, common laundry, and off-street parking.

Property SizeContact for details
Days on Market71

Property Features for 565 569 Lee St

General Information

Standard status Pending
Net Rentable 7,032 SF
Total Parking Spaces 8
Property subtype Multi-Family

Units

Unit Mix 10 x 1BR, 1 x 3BR penthouse
Multifamily Units 11

Amenities

on-site common laundry

Building Details

Year Built 1963
Year Renovated 2020
Buildings 1
Construction brick
Listing Agency: Lee & Associates Commercial RE
Listed By: Sara Bago
Source: Pierceandkingcountyhouses
Added: Jun 30 Changed: Sep 2 Last Checked: Sep 8 at 8:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial RE

Investment Insights

Based on property information with market context.

Marguerite Manor is an 11-unit apartment property at 565 Lee in Seattle’s Queen Anne neighborhood. The approximately 7,032-square-foot building includes ten one-bedroom residences and one three-bedroom penthouse, with views toward the Seattle skyline and Lake Union. Common laundry facilities serve the residents, and parking is located at the rear of the property.

The 1963-built structure has a brick front elevation and a rebuilt rear exterior that was resided and repainted in 2015. A new roof was installed in 2019, followed by new decks in 2020. Rear parking consists of six open stalls and two tandem spaces, providing dedicated off-street parking for the apartment community.

Key Highlights

  • 11‑unit apartment property with approximately 7,032 square feet of net rentable area
  • Unit mix includes ten one‑bedroom apartments and one three‑bedroom penthouse
  • Views toward the Seattle skyline and Lake Union

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Florist Butcher Mobile Phone Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

4,013
Businesses Nearby

Demographics for 98109, WA

34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Seattle property with one-bedroom apartments, a three-bedroom penthouse, common laundry, and off-street parking.
Where is this apartment building located?
The property is located at 565 569 Lee St Seattle, WA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 11‑unit apartment property with approximately 7,032 square feet of net rentable area; Unit mix includes ten one‑bedroom apartments and one three‑bedroom penthouse; Views toward the Seattle skyline and Lake Union
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message