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$4,650,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family

Listed by Ryan Iles | Paragon Real Estate Advisors | (206) 623-8880

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Major price improvement. $155,000/unit and Proforma 7.28% cap rate with conservative market rents! The Winchester Apartments offer a singular opportunity to own a true trophy asset with a rich history in one of the finest rental locations in the city of Seattle. The property has been lovingly cared for by past owners and is in great condition with a very stable occupancy history. New ownership will benefit from strong future rent growth and appreciation and has several options to realize immediate income upside and ways of adding value.

Full Property Details for 605 E Denny Way

General

  • Price: $4,650,000
  • Taxes: $47,500 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2429318
  • Updated: 11/4/2025
  • Added to Site: 134 day(s) ago

Location

  • Area: 390 - Central Seattle
  • County: King
  • Subdivision: Capitol Hill
  • Driving Directions: From downtown Seattle, head northwest toward Madison St. Take Cherry St, I-5 N and Exit 166 to E Denny Way.

School Information

  • High School District: Seattle

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Unit(s)

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick
  • Roof: Flat
  • Stories in Building: 5
  • Square Feet: 15,325
  • Year Built: 1927

Unit Information

  • Units in Building: 30

Lot Features

  • Lot Size (Acres): 0.1193
  • Lot Size (Sq. Ft.): 5,196
  • Lot Size Source: King County

Financial Considerations

  • Tax Amount: $47,500
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 6848700095

Listed by Ryan Iles | Paragon Real Estate Advisors | (206) 623-8880

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 605 E Denny Way

School District:Seattle School District
NameGradesDistance
Lowell Elementary School, Seattle, WA
1058 East Mercer Street, Seattle, WA 98102
PK-50.5 mi
Edmonds S. Meany Middle School
301 21st Avenue East, Seattle, WA 98112
6-80.9 mi
Garfield High School
400 23rd Avenue, Seattle, WA 98122
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 605 E Denny Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2025
Listed
$4,650,000
86.45%
MLS
11/21/2003
Sold
$2,494,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 605 E Denny Way

Year
Property Taxes
Change
Tax Assessment
Change
2024
$64,564
—
$5,760,000
-22%
2024
$64,564
-3%
$7,400,000
-9%
2022
$66,800
-13%
$8,105,000
1%
2021
$76,365
—
$8,012,000
-1%
2021
$76,365
-2%
$8,107,000
-3%
2020
$78,154
16%
$8,379,000
4%
2019
$67,322
6%
$8,034,000
23%
2018
$63,326
1%
$6,548,000
-3%
2017
$62,872
18%
$6,728,000
21%
2016
$53,441
17%
$5,571,000
15%
2015
$45,507
-3%
$4,849,000
7%
2014
$47,136
—
$4,533,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Ryan Iles | Paragon Real Estate Advisors | (206) 623-8880

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605 E Denny Way, Seattle, WA 98122 (MLS# 2429318) is a Multi-Family property with 30 units containing 0 bedrooms and 0 full bathrooms. 605 E Denny Way is currently listed for $4,650,000 and was received on September 04, 2025. Want to learn more about 605 E Denny Way? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.

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