Property Details
625 4th Avenue W
Seattle, WA 98119
$7,000,000
Active
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Property Overview
Kidder Mathews is pleased to present Naomi & Charmaine, a 39-unit vintage apartment community located at 625–627 4th Avenue W in Seattle’s highly desirable Lower Queen Anne neighborhood. The offering consists of two classic brick buildings constructed in 1929 and 1930, featuring hardwood floors, built-in cabinetry, and timeless architectural details. The unit mix includes 32 studios and seven one-bedroom units, with 31 classic units providing a clear renovation and rent-growth opportunity. The property totals approximately 19,610 rentable square feet and includes shared laundry and 10 off-street parking stalls. Recent improvements include tuck-pointed masonry, re-caulked double-pane windows, TPO membrane roofs, breaker-panel electrical systems, updated plumbing, and central hot water. Residents benefit from a walkable location near Seattle Center, Climate Pledge Arena, grocery stores, restaurants, entertainment, Downtown Seattle, and South Lake Union employment centers. Naomi & Charmaine offers investors attractive scale, irreplaceable vintage character, and meaningful value-add upside in one of Seattle’s most established rental markets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Queen Anne
Listed
Jul 30, 2026
Structure Type
Multi Family
Parcel Number
3876900115
Tax & HOA
Annual Property Tax
$82,916 (2026)
Est. Monthly Tax
$6,910/mo
Financial Summary
Cap Rate
5.90%
Net Operating Income
$384,283
Gross Scheduled Income
$652,016
Gross Rent Multiplier
18.00
Total Expenses
$330,597
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
19,610
Leasable Area
19,610 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
13,382 sqft
Year Built
1929
Exterior & Lot
Lot Size
0.31 sqft
Year Built
1929
Exterior Materials
Brick
Sewer
Sewer Connected
Lot Features
Curbs
Exterior Features
Brick
Community & Access
Directions
625-627 4th Ave W Seattle, WA 98119
Location
City
Seattle
County
King
Coordinates
47.62538, -122.36231
Additional Information
Tax Year
2026
Annual Taxes
$82,916
Possession
Array
Based on information submitted to the MLS GRID as of July 31, 2026 3:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
