LISTING DETAILS

741 Federal Avenue East

741 Federal Ave E Seattle WA 98102

Listing #: 711011 | Status: Available | Last Modified: 4/6/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	230,577
Vacancy Factor %	3.00%
Operating Expenses	84,414
Net Operating Income	139,245
CAP Rate	4.50 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	4.497

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	11
Total Building SF	5,641 SF
Net Rentable Area	0 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	6,098 SF
Acres	0.14
Year Built	1927

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Capitol Hill/First Hill
Tax ID #	2663000530
Zoning	LR3(M)

Parking Information
#Covered Spaces	0
# Uncovered Spaces	7
Total Parking Spots	7

David Apartments

Public Comments

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.

741 Federal Avenue East
741 Federal Ave E Seattle WA 98102

Listing #: 711011 | Status: Available | Listing Date: 4/3/2026 | Last Modified: 4/6/2026 | Email Listing

For Sale

741 Federal Avenue East

Listing Images