Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2501955
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Request Info741 Federal Avenue ESeattle, WA 98102
Multi-Family · 1 Bed · 7,165 Sq. ft. | 0.16 Acres$3,250,000
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741 Federal Avenue E Overview
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David Apartments is a rare Capitol Hill investment opportunity ideally located on Federal Avenue East, just moments from Volunteer Park, the Broadway retail corridor, and Capitol Hill Light Rail. Built in 1927, the property showcases timeless brick architecture, original character, and high ceilings that set it apart from commodity inventory. With a Walk Score of 94, the location supports strong and consistent tenant demand. In-place rents are well below nearby renovated comps, presenting a clear value-add opportunity through strategic interior upgrades. Located in one of Seattle’s most desirable, high-barrier-to-entry neighborhoods, David Apartments offers investors the chance to capture meaningful upside in both income and long-term appreciation.
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741 Federal Avenue E Facts & Features
- Type Multi-Family
- Sq. ft. 7,165
- Price/Sq.ft. $454
- Lot 0.16 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
Income/Expenses
- Other Expense: 32747
- Electric Expense: 6537
- Fuel Expense: 6537
- Gross Scheduled Income: 216576
- Insurance Expense: 8800
- Net Operating Income: 146162
- Total Expenses: 84415
- Total Monthly Income: 18051
- Water/Sewer/Garbage: 6536
Building Information
- New Construction: No
- Year Built: 1927
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 390 - Central Seattle
- Subdivision Name: Capitol Hill
Community/Development
- Amenities: Coin Op Laundry
Tax Information
- Tax Annual Amount: $23,258.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 266300053003
- Possible Use: Multi-Family
- Property Condition: Very Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 6
Beds/Baths
- Bedrooms Possible: 9
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 7165
- Building Area Units: Square Feet
- Calculated Square Footage: 7165
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Vinyl Plank, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 7165
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 3
Exterior
Parking Information
- Open Parking: No
- Parking Total: 0
- Parking Uncovered Total: 0
Lot Information
- Irrigation Water Rights: No
- Lot Features: Paved, Sidewalk
- Lot Size Acres: 0.1645
- Lot Size Dimensions: 6000
- Lot Size Square Feet: 7165
- Lot Size Units: Square Feet
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Flat
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Brick
- Number Of Units Total: 2
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1325
- Beds Total: 0
- Baths Total: 2
Unit 2 Details
- Actual Rent: 1711
- Beds Total: 1
- Baths Total: 1
741 Federal Avenue E Neighborhood
Community
98102 (Seattle) Demographics
33
Median Age
16,644
Population Density (per sq. mile)
82%
College Educated
$97,374
Estimated Median Income
4,266
Estimated Total Home Owners
11,953
Estimated Total Renters
26% / 74%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.741 Federal Avenue E Monthly Cost
741 Federal Avenue E Market Data
Based on the last 30 days in this zip code
$1,212,866
Average List Price
$765
Average Price per Square Foot
20
Properties Sold
68
Average Days on Market
164
Properties for Sale
741 Federal Avenue E History
| Date | Value | Agent |
|---|---|---|
| 4/2/2026Source: NWMLS | April 02, 2026 |