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$3,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Car Garage
  • Updated 1 day ago

Listed by Max Frame | Kidder Mathews | (360) 705-2800

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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.

Full Property Details for 741 Federal Ave E

General

  • Price: $3,250,000
  • Taxes: $23,258 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2501955
  • Updated: 4/2/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Ceramic Tile, Vinyl Plank, Carpet

Parking

  • Garage Spaces: 6

Location

  • Area: 390 - Central Seattle
  • County: King
  • Subdivision: Capitol Hill
  • Driving Directions: 741 Federal Ave E Seattle, WA

School Information

  • High School District: Seattle

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick
  • Foundation: Poured Concrete
  • Roof: Flat
  • Stories in Building: 3
  • Square Feet: 7,165
  • Year Built: 1927
  • Property Condition: Very Good

Unit Information

  • Units in Building: 11

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.1645
  • Lot Size (Sq. Ft.): 7,165
  • Lot Size Source: KCPV
  • Lot Dimensions: 6000
  • Lot Features: Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $23,258
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 266300053003

Listed by Max Frame | Kidder Mathews | (360) 705-2800

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

Schools serving 741 Federal Ave E

School District:Seattle School District
NameGradesDistance
Lowell Elementary School, Seattle, WA
1058 East Mercer Street, Seattle, WA 98102
PK-50.2 mi
Edmonds S. Meany Middle School
301 21st Avenue East, Seattle, WA 98112
6-80.8 mi
Garfield High School
400 23rd Avenue, Seattle, WA 98122
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 741 Federal Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Listed
$3,250,000
116.67%
MLS
3/01/2018
Sold
$1,500,000
—
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 741 Federal Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$23,258
-16%
$2,408,000
-23%
2024
$27,569
5%
$3,118,000
—
2022
$26,281
-16%
$3,118,000
10%
2021
$31,244
—
$2,844,000
-13%
2021
$31,244
8%
$3,264,000
7%
2020
$29,054
31%
$3,062,000
18%
2019
$22,143
6%
$2,584,000
22%
2018
$20,921
2%
$2,116,000
-2%
2017
$20,529
17%
$2,152,000
21%
2016
$17,506
20%
$1,785,000
19%
2015
$14,528
-3%
$1,500,000
7%
2014
$14,935
—
$1,397,000
—
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 Max Frame | Kidder Mathews | (360) 705-2800

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741 Federal Avenue E, Seattle, WA 98102 (MLS# 2501955) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 741 Federal Avenue E is currently listed for $3,250,000 and was received on April 02, 2026. Want to learn more about 741 Federal Avenue E? Do you have questions about finding other Multi-Family real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.

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