605 E Denny Way Seattle, WA ^$ 4,650,000

605 E Denny Way

^$ 4,650,000

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605 E Denny Way

Seattle, WA, 98122

^$ 4,650,000

Studio Baths0.0 Sq 15,325

Monthly Estimate*

^$ 29,010

Listed by Paragon Real Estate Advisors

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Studio

Multi-Family Home for sale in Seattle, WA

for $4,650,000. This 15,325 square foot home was built in 1927 on a lot size of 0.1193.

Major price improvement. $155,000/unit and Proforma 7.28% cap rate with conservative market rents! The Winchester Apartments offer a singular opportunity to own a true trophy asset with a rich history in one of the finest rental locations in the city of Seattle. The property has been lovingly cared for by past owners and is in great condition with a very stable occupancy history. New ownership will benefit from strong future rent growth and appreciation and has several options to realize immediate income upside and ways of adding value.

Multi-Family Pending

Price

^$ 4,650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 47,500

Style

10+ Units

Lot Size

0.1193

Year Built

1927

Town/City

Seattle

County/Region

King

MLS | Web ID

2429318

Features

General

Living Area 0

Sewer Sewer Connected

Heating Wall Unit(s)

Cooling None

Possession Closing

Roof Flat

HOA Fee 0

Year Built 1927

Property Subtype Multi Family

Tax Year 2025

County King

Net Operating Income 273462

Insurance Expense 31506

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Capitol Hill

Special Listing Conditions None

Status Pending

Directions From downtown Seattle head northwest toward Madison St. Take Cherry St I-5 N and Exit 166 to E Denny Way.

City Seattle

Senior Community Y/N N

High School District Seattle

Open Parking Spaces 0

Number Of Units Total 30

MLS Area 390 - Central Seattle

Lot Size Units Square Feet

Lot Size Square Feet 5196

Carport Spaces 0

Carport Y/N N

Listing Terms Cash Out Conventional

Tax Annual Amount 47500

Electric Expense 0

Fuel Expense 0

Public Remarks Major price improvement. $155 000/unit and Proforma 7.28% cap rate with conservative market rents! The Winchester Apartments offer a singular opportunity to own a true trophy asset with a rich histor

Leasable Area 15325

Structure Type Multi Family

Building Area Units Square Feet

Standard Status Pending

Units Below Grade false

Units In Building Total 30

Water Sewer Garbage 37699

Property Style 56 - 10+ Units

Cap Rate 5.88

Exterior

Exterior Amenities Brick

Total Parking 0

Building Area Total 15325

Lot Size Acres 0.1193

Waterfront Y/N N

Covered Spaces 0

Irrigation Water Rights Y/N N

Parking Uncovered Spaces 0

Interior

Total Fireplaces 0

Total Stories 5

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

Internal Only

OriginalMLSID NWM2429318

Street Number 1 605

* Excluded Features

List By

Ryan Iles

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$32,968

Per Month

Monthly Principal & Interest: $29,010
Monthly Property Taxes: $3,958
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Seattle, WA

Average List Price ^$2,153,109

Percent of Sale Price 54%

About Seattle, WA

718,877 Population

28% Since 2002

^$81,312 Median Income

39.1 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

257829 Elementary School

258279 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/4/2025	$4,650,000		Listed Price

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605 E Denny Way, Seattle, WA, 98122 is a Multi-Family Home for sale at $4,650,000 with 15,325 sqft and a lot size of 0.1193. 605 E Denny Way is a studio with 0.0 baths and was built in 1927. The property's zip code is 98122 which is in Seattle, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/24/2025.

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605 E Denny Way

Multi-Family Home for sale in Seattle, WA

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