711 21st Avenue Seattle, WA $ 1,995,000
711 21st Avenue
$ 1,995,000
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711 21st Avenue

Seattle, WA, 98122
$ 1,995,000
Baths0.0 Sq 6,036

Monthly Estimate*

$ 12,446

Listed by Westlake Associates, Inc.
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Studio

Multi-Family Home for sale in Seattle, WA

for $1,995,000. This 6,036 square foot home was built in 1900 on a lot size of 0.1653.

Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 8.1%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.

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Multi-Family Pending

Price

$ 1,995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 19,368

Style

5-9 Units

Lot Size

0.1653

Year Built

1900

Town/City

Seattle

County/Region

King

MLS | Web ID

2417426

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Torch Down
HOA Fee 0
Security Features Partially Fenced
Year Built 1900
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 115664
Insurance Expense 4294
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Central Area
Special Listing Conditions None
Status Pending
Directions From downtown Seattle head east on Madison St turn left on 21st Ave. 711 21st Ave is on the right in the Cherry Hill neighborhood.
City Seattle
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 6
Number Of Units Total 6
MLS Area 390 - Central Seattle
Lot Size Units Square Feet
Lot Size Square Feet 7200
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 19368
Electric Expense 0
Fuel Expense 0
Public Remarks Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattles most dynamic neighborhoods. Sits on a 7 200 SF lot with proposed LR
Leasable Area 5835
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Units Below Grade true
Units In Building Total 6
Water Sewer Garbage 13646
Property Style 55 - 5-9 Units
Cap Rate 5.8
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Exterior
Exterior Amenities Wood
Lot Features Alley Curbs Paved Sidewalk
Total Parking 6
Building Area Total 6036
Lot Size Acres 0.1653
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Spaces 6
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Interior
Flooring Ceramic Tile Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2417426
Street Number 1 711
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* Excluded Features
List By
Reid Jones

Listing Agent

Westlake Associates, Inc.

Broker

Affordability Calculator

$14,060
Per Month
89%
11%
0%
Monthly Principal & Interest
$12,446
Monthly Property Taxes
$1,614
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/28/2025$1,995,000 -9.11% Price Down
9/25/2025$2,195,000 -4.36% Price Down
8/6/2025$2,295,000 Listed Price

Map


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711 21st Avenue, Seattle, WA, 98122 is a Multi-Family Home for sale at $1,995,000 with 6,036 sqft and a lot size of 0.1653. 711 21st Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 98122 which is in Seattle, WA