Seattle, WA 98122 711 21st Avenue
$2,195,000
8 more
Presented By: Westlake Associates, Inc. and NWMLS
- MLS# 2417426
- 08/06/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 6,036
Home Details
Rare Central District 6-Unit w/ Upside + LR2 Rezone Potential Exciting opportunity to own a well-located 6-unit in one of Seattle’s most dynamic neighborhoods. Sits on a 7,200 SF lot with proposed LR2 zoning, offering solid in-place income plus redevelopment potential. Mix of 2-, 3-, and rare 4-bedroom layouts. Major 2018 updates include rebuilt units, PEX plumbing, new electrical panels, vinyl siding/windows, and torchdown roof. Boost income with cosmetic upgrades, RUBS, and parking fees, pro forma cap rate of 6.7%+. Shared outdoor patio and surface parking add tenant appeal. Blocks to future light rail, Seattle U, and Swedish Cherry Hill. Professionally managed and maintained, a rare blend of income, location, and future flexibility.
Presented By: Westlake Associates, Inc. and NWMLS
Interior Features for 711 21st Avenue
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories3
General for 711 21st Avenue
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate5.15
Carport Spaces
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsFrom downtown Seattle, head east on Madison St, turn left on 21st Ave. 711 21st Ave is on the right in the Cherry Hill neighborhood.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High School DistrictSeattle
Insurance Expense6821
Leasable Area5835
Listing TermsCash Out, Conventional
Lot Size Square Feet7200
Lot Size UnitsSquare Feet
MLS Area390 – Central Seattle
ModificationTimestamp2025-09-25T19:58:11.151Z
NWM_ShowMapLinkY
Net Operating Income113137
New ConstructionNo
Number Of Units Total6
Open Parking Spaces6
PossessionClosing
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare 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
RoofTorch Down
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameCentral Area
Tax Annual Amount19368
Tax Year2025
Units Below Gradetrue
Units In Building Total6
Water Sewer Garbage13646
Year Built1900
Exterior for 711 21st Avenue
Building Area Total6036
Covered Spaces
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.1653
Parking Uncovered Spaces6
Site FeaturesFenced-Partially
Total Parking6
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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