207 N 104th — Sale in Seattle, WA

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seattle, WA 98133
  • Size: 10,808 SF
  • Year built: 1977

Investment Figures

Cap rate
6.10%
Price per square foot
$231
Price per unit
$277,222 across 9 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial and Excel Properties is pleased to present the offering of 207 N 104th Street, a 9-unit apartment building in Seattle’s highly sought-after Greenwood neighborhood. This three-story, wood-frame property features a mix of six 2-bedroom units and three 3-bedroom units, averaging nearly 1,000 square feet each. Select units offer territorial and city views, fireplaces, and private laundry, providing strong tenant appeal. Covered and uncovered parking is available on-site. Situated on an 8,334 square foot lot with C1-55 (M) zoning, the property provides both stable in-place income and long-term redevelopment potential. Its central North Seattle location offers excellent access to major employment centers, neighborhood amenities, and transit. With consistent occupancy, strong rental demand, and value-add upside, 207 N 104th Street represents an outstanding opportunity for investors seeking stable cash flow with future appreciation potential. Building SF: 10808 | Land Size: 8334.0 SF | Year Built: 1977 | Listing Type: FOR SALE

Market Context

This multifamily in Seattle, WA is listed for sale at $2,495,000 across 10,808 SF. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1977. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Seattle, WA — view the full market.

As of Q1 2026, the Seattle / Bellevue multifamily market showed a 7.3% vacancy rate, and cap rates around 5.5%. Source: multiple brokerage reports, Q1 2026.

Its 6.1% asking cap rate is above the Seattle / Bellevue multifamily market average of about 5.5%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Seattle / Bellevue?
About 5.5% as of Q1 2026, per multiple brokerage reports.
Is the Seattle / Bellevue multifamily market tightening or softening?
Vacancy is around 7.3% (Q1 2026).

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