Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    702 41St St Seattle, WA 98103

    For Sale
    $3,695,000

    Two-building multifamily property with 11 units and development potential.

    Building Details

    Year built
    1950

    Source: PARAGON REAL ESTATE ADVISORS Agent CATHY JENEY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seattle Multifamily Property with Development Potential

    This multifamily property, available for the first time in 45 years, is located on N 41st St and Fremont Ave. It comprises two buildings on two tax parcels, featuring 10 two-bedroom units and one large studio. The buildings are situated above the street, which reduces potential traffic noise. The units are spacious, with dining areas off the kitchens, hardwood floors, and large windows that provide natural light. Nine of the eleven units have updated kitchens and bathrooms, and eight kitchens include new gas ranges. A new roof was installed in 2024. The property includes territorial views, mature landscaping with a courtyard area, and 10 parking stalls. The 10,813 SF lot is zoned LR2(M), offering potential for future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3496579
    Latitude
    47.6568562

    Nearby Similar for Sale

    • $1,095,000
      2,630 SF

      Queen Anne Vacant Triplex

      Classic triplex in desirable Queen Anne neighborhood, delivered fully vacant.
      605 W Emerson St, Seattle, WA 98119
      View Details
    • $1,295,000
      4,150 SF

      Greenwood Multifamily Investment Opportunity

      Well-maintained six-unit apartment building in a desirable Seattle neighborhood.
      719 N 85Th St, Seattle, WA 98103
      View Details
    • $2,000,000
      6,534 SF

      Beacon Hill Apartment Community

      Nine-unit apartment community in Seattle's Beacon Hill neighborhood.
      1746 S Hanford St, Seattle, WA 98144
      View Details
    • $3,495,000
      15,117 SF

      Mixed-Use Building Near Light Rail

      Mixed-use building with value-add potential near Mt. Baker.
      3208 Rainier Ave S, Seattle, WA 98144
      View Details
    • $3,800,000

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with high-rise redevelopment potential.
      2200-2204 1St Ave, Seattle, WA 98109
      View Details
    • $3,800,000
      8,330 SF

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with redevelopment potential.
      2200 1St Ave, Seattle, WA 98121
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-building multifamily property with 11 units and development potential.
    Where is this apartment building located?
    The property is located at 702 41St St Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,695,000.
    What are key features of this property?
    This property features: - New roof installed in 2024.; - Large 10,813 SF lot zoned LR2(M) offers potential for future development.; - 9 of 11 units have updated kitchens and bathrooms.
    Request Owner's contact information
    702 41St St Seattle, WA 98103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 41St St
    Seattle, WA 98103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 41St St Seattle, WA 98103
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.