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Naomi & Charmaine 2 Multifamily Properties Offered at $7,000,000 in Seattle, WA
Investment Highlights
- Located in Seattle’s highly sought-after Lower Queen Anne neighborhood near major employers and amenities.
- Opportunity to increase revenue through renovation of remaining classic apartment homes.
- Ownership has completed multiple capital improvements, including roofing, masonry, and window updates.
- Two vintage brick apartment buildings built in 1929 and 1930 with preserved architectural character.
- Walking distance to Seattle Center, Climate Pledge Arena, dining, shopping, and entertainment.
- Convenient access to Downtown Seattle, South Lake Union, and regional transportation corridors.
Executive Summary
Naomi & Charmaine is a 39-unit vintage apartment community located at 625-627 4th Ave W in Seattle’s Lower Queen Anne neighborhood. Comprised of two brick buildings constructed in 1929 and 1930, the property offers a rare opportunity to acquire a well-located multifamily asset in one of Seattle’s most established urban neighborhoods. The community features a mix of studio and one-bedroom residences, with a combination of classic and renovated interiors that provide operational flexibility and future upside. Current ownership has completed various capital improvements, including masonry work, window maintenance, roofing updates, and ongoing plumbing upgrades. Situated within walking distance of Seattle Center, Climate Pledge Arena, Downtown Seattle, South Lake Union, and major employment hubs, the property benefits from strong renter demand driven by proximity to jobs, entertainment, retail, and public transportation. The offering presents investors with the opportunity to acquire a character-rich asset with continued revenue growth potential through renovation of remaining classic units.
Property Facts
| Price | $7,000,000 | Number of Properties | 2 |
| Price / SF | $207.35 / SF | Individually For Sale | 0 |
| Cap Rate | 5.50% | Total Building Size | 33,760 SF |
| Sale Type | Investment | Total Land Area | 0.31 AC |
| Status | Active |
| Price | $7,000,000 |
| Price / SF | $207.35 / SF |
| Cap Rate | 5.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 33,760 SF |
| Total Land Area | 0.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Charmaine
627 4th Ave W, Seattle, WA 98119 |
Multifamily | 17,568 SF | 1929 | - |
|
The Naomi
625 4th Ave W, Seattle, WA 98119 |
Multifamily | 16,192 SF | 1930 | - |
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Contacts
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Jack Shephard -
Jerrid Anderson -
Matthew Laird -
Matt Johnston -
Winslow Lee -
Kidder Mathews
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Naomi & Charmaine
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