Taghus 4724 31st Ave S 9 Unit Apartment Building $1,950,000 ($216,667/Unit) 6.23% Cap Rate Seattle, WA 98108

Taghus (train house in Danish) Apartments, built in 2020 and offered to the market for the first time, provides the rare opportunity to acquire a nearly new multifamily asset in Seattle’s historic and rapidly evolving Columbia City neighborhood. Thoughtfully designed by an architect–homebuilder duo, the property features efficient floorplans, durable modern finishes, and low maintenance systems ideal for long-term ownership.
The building comprises six studio units averaging 291 SF and three one-bedroom units averaging 492 SF — premium compact layouts highly sought after by young professionals. Units are equipped with air conditioning, dishwashers, in-unit laundry, and private balconies; Unit 9 further boasts a private rooftop deck.
Located directly across the street from the Columbia City Light Rail Station, Taghus offers unmatched accessibility, with seamless connectivity to both Seattle’s major employment cores and the Kent Valley — the nation’s third-largest warehouse and logistics hub. Columbia City itself is one of Seattle’s most dynamic neighborhoods, characterized by a $136,649 average household income, steady investment and rent growth, walkable historic character, and an energetic mix of local dining, retail, and community amenities that continue to attract upwardly mobile renters.