Vintage Apartments in First
805 Marion St, Seattle, WA 98104
45-unit multifamily building with value-add potential in Seattle's First Hill.
Type:Multifamily
- Added:
- Jan 29, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 805 Marion St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agent Chad Blenz License #WA 125100
Listing office Berkadia
Listing date Jan 29, 2026
Source Crexi
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 Berkadia
HighLights
- Prime location in Seattle's First Hill, near Downtown, Capitol Hill, and major employers.
- Significant value‑add potential through strategic interior renovations, with projected rent growth of 18‑30%.
- Stable occupancy and long‑term value in a high‑demand rental market.
- Historic charm with original features like hardwood flooring, crown molding, and large windows preserved.
- Opportunity to capitalize on rent growth, reduced concessions, and strong occupancy.
- Located in a dynamic urban area with a highly educated population and many jobs nearby.
Overview
Clarwood Apartments is a 45-unit multifamily building located in Seattle’s First Hill neighborhood. Constructed in 1920, the property retains vintage charm and appeals to renters seeking historic detail and walkable urban living. The property is located minutes from Downtown, Capitol Hill, and major employers, including three primary hospitals. The property offers stable occupancy, long-term value, and future upside in a high-demand location. First Hill anchors one of the Pacific Northwest’s employment clusters. The local population includes medical professionals, students, tech workers, and office workers who value proximity, walkability, and access to urban amenities. The property is suited for interior renovations across all units while preserving its historic charm. Preservation efforts have kept original finishes intact, including hardwood flooring, crown molding, and large windows. Open floor plans and oversized walk-in closets allow for reconfigured layouts to expand kitchens during renovations. The property demonstrates the ability to achieve post-renovation rent growth above current levels. Buyers can capitalize on further rent growth, reduced renewal concessions, and occupancy within the context of decreasing new supply and an expanding high-income renter base. The property delivers a blend of value-add upside, in-place stability, and location fundamentals. The property is a strategic investment for buyers seeking appreciation and income growth in Seattle’s urban core.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Clarwood apts
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.327271
- Latitude
- 47.6073346
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 45-unit multifamily building with value-add potential in Seattle's First Hill.
Where is this apartment building located?
The property is located at 805 Marion St Seattle, WA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Prime location in Seattle's First Hill, near Downtown, Capitol Hill, and major employers.; Significant value‑add potential through strategic interior renovations, with projected rent growth of 18‑30%.; Stable occupancy and long‑term value in a high‑demand rental market.
