Seattle Multifamily Property with Development
For Sale
$3,695,000
Pending
702 41st St, Seattle, WA 98103
Two-building multifamily property with 11 units and development potential.
Property SizeContact for details
Days on Market448
Property Features for 702 41st St
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
PARAGON REAL ESTATE ADVISORS
(206) 623-8880
Listed By:
CATHY JENEY
Source:
Corcoran
Added: May 30, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:42AM
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 PARAGON REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
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 - 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.
