Property Details

741 Federal Ave E

Seattle, WA 98102

$3,250,000

Available

CBA# 711011 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

5,641

Bldg Sq Ft

Units

4.00%

Cap Rate

1927

Year Built

Property Overview

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.