741 Federal Avenue E, Seattle, WA 98102

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: max frame
Office: kidder mathews
MLS#:2501955
Source:NWMLS
741 Federal Avenue E,Seattle, WA 98102
$3,250,000
Virtual Tour
  • - Beds
  • - Baths
  • 7,165 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,250,000
  • Price per sq. ft.:$453.59

About this home

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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Home facts

  • Year built:1927
  • Listing ID #:2501955
  • Updated:April 19, 2026 at 11:05 AM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile Floor, Vinyl Plank
  • Living area:7,165 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1927
  • Building area:7,165 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,250,000
  • Price per sq. ft.:$453.59
  • Tax amount:$23,258 (2026)

Parking

  • Garage:Yes
  • Garage spaces:6
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