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Seattle Multifamily Investment Opportunity
For Sale
$2,100,000
Pending

612 Malden Ave E, Seattle, WA 98112

7-unit apartment building in North Capitol Hill, Seattle.

Property SizeContact for details
Days on Market393

Property Features for 612 Malden Ave E

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1907
Listing Agency: KIDDER MATHEWS
Listed By: JERRID ANDERSON · License #0173323
Source: Corcoran
Added: Jul 24, 2025 Changed: Jul 6 Last Checked: Jul 23 at 8:14AM

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 KIDDER MATHEWS

Investment Insights

Based on property information with market context.

Malden Apartments, a 7-unit multifamily property, is located at 612 Malden Ave E in Seattle’s North Capitol Hill neighborhood. The units average 886 square feet. Five units have been renovated, while two classic units offer value-add potential. The location has a Walk Score of 98 and is near dining, nightlife, and the light rail. The property may benefit from a projected decrease in new apartment deliveries in Capitol Hill.

Key Highlights

  • Premier location in North Capitol Hill with a 98 Walk Score, steps from dining, nightlife, and light rail.
  • Significant rent growth potential due to a projected 77% decrease in new apartment deliveries in Capitol Hill.
  • Value‑add opportunity with 2 classic units ready for renovation.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Auto Parts Store Electrical Service Mobile Phone Store Pet Store

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

Location Intelligence

Trade Area within ½ mile

3,817
Businesses Nearby

Demographics for 98112, WA

23,152
Population
11,670
Households
2
Avg Household Size
39
Median Age
81%
College-Educated
99%
High-School Grad
3.2 sq mi
ZIP Area
7,235
Density / Sq Mi
$162,073
Median Household Income
$84,919
Median Earnings
$2,062
Median Rent
$1,407,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 7-unit apartment building in North Capitol Hill, Seattle.
Where is this apartment building located?
The property is located at 612 Malden Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Premier location in North Capitol Hill with a 98 Walk Score, steps from dining, nightlife, and light rail.; Significant rent growth potential due to a projected 77% decrease in new apartment deliveries in Capitol Hill.; Value‑add opportunity with 2 classic units ready for renovation.
More about this property
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