Queen Anne Multifamily Investment
For Sale
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621 W Galer St, Seattle, WA 98119
Multifamily property with value-add potential in a prime location.
Property SizeContact for details
Days on Market240
Property Features for 621 W Galer St
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
NR3
Occupancy
100%
Investment Type
Core
Building Details
Buildings
1
Stories
4
Units
31
Listing Agency:
Gibraltar
Listed By:
Natalia Beran · License #100874
Source:
Crexi
Added: Dec 23, 2025
Changed: Aug 8
Last Checked: Aug 20 at 5:09AM
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 Gibraltar
Investment Insights
Based on property information with market context.
This meticulously maintained multifamily property offers a blend of heritage charm and value-add potential. The building features high ceilings, spacious layouts, and hardwood floors. Located in the Top of Queen Anne neighborhood, the property benefits from a quiet residential setting surrounded by high-value homes. Its prime location provides exceptional proximity to major employers and various amenities. Strategic renovations could potentially increase rents by 20%, offering substantial returns. The property also boasts views of the Puget Sound and the Olympic Mountains. This is a limited market opportunity to modernize a classic property.
Key Highlights
- Unbeatable location with views of the Puget Sound and the Olympic Mountains
- Prime Top of Queen Anne location with exceptional proximity to major employers and amenities
- Great value add potential to increase rents by 20% with strategic renovations
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,455
Businesses Nearby
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Business Placement
Demographics for 98119, WA
26,238
Population
15,323
Households
1.7
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
10,933
Density / Sq Mi
$125,021
Median Household Income
$74,038
Median Earnings
$1,963
Median Rent
$1,032,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with value-add potential in a prime location.
Where is this apartment building located?
The property is located at 621 W Galer St Seattle, WA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Unbeatable location with views of the Puget Sound and the Olympic Mountains; Prime Top of Queen Anne location with exceptional proximity to major employers and amenities; Great value add potential to increase rents by 20% with strategic renovations
