741 Federal Ave E

Seattle, WA 98102

$3,250,000
Price
1
Bed
3
Baths
7,165 Sq. Ft.
$454 / Sq. Ft.
7,165
Sq. Ft.
$454
per Sq. Ft.
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a front view of a house
a view of a parked cars in front of brick building
a view of a hallway with wooden floor and staircase
an empty room with wooden floor and windows
a kitchen with granite countertop a sink and a stove top oven
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a view of a hallway with wooden floor
a view of a bathroom
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of a hallway with entryway
a dining room with furniture and entryway
a view of entryway and hall
a view of storage and utility room
a utility room with dryer and washer
a view of a chairs and table in a backyard
a view of a building with a yard
a view of storage and utility room
a view of a city
a view of a city
a view of a city
Listing provided courtesy of Kidder Mathews
Source: Northwest MLS

Description

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...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.
  1. Listed by Max Frame • Kidder Mathews
    P: (360)-705-2800 max.frame@kidder.com

Property Details for 741 Federal Avenue East

Community Name
Capitol Hill
School District
Seattle
View
City
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
04-02-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 04/02/2026 02:58 PM

Property Details for 741 Federal Avenue East

StatusActive
MLS #2501955
Days on Market41
Cumulative Days on Market41
Taxes$23,258 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.16 AC / 7,165 SF
CountyKing County
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Location

Listing Courtesy of Kidder Mathews
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Building Information for 741 Federal Avenue East

Stories3Residences2Year Built1927Building Size-Lot Size0.16 AC / 7,165 SF

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$18,304 per month

30 year fixed, 6.46% Interest

Principal and Interest

$16,365

Property Taxes

$1,938

HOA Dues

$0

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Property Information for 741 Federal Avenue East

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 390 - Central Seattle
  • Effective Year Built Source: Public Records
  • Directions: 741 Federal Ave E Seattle, WA
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 6.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 9
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Vinyl Plank, Carpet
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Brick
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 6536
  • Power Company: Seattle Light
  • Sewer Company: PSE
  • Water Company: PSE
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: KCPV
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1927
  • Photos Count: 21
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Dimensions: 6000
  • Lot Size Source: KCPV
  • Parcel Number Free Text: 266300053003
  • Building Condition: Very Good
  • Calculated Square Footage: 7165
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7165.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: true
  • Units In Building Total: 11
Financing / Income and Expenses
  • Electric Expense: $6,537
  • Total Expenses: 84415
  • Gross Adjusted Income: 230577
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: $216,576
  • Insurance Expense: $8,800
  • Net Operating Income: $146,162
  • Other Expenses: $32,747
  • Total Monthly Income: 18051
  • Fuel Expense: $6,537
Unit 1
  • Name Unit 1: Studios - 2
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 438
  • Rent Unit 1: $1,325.00
  • Bedrooms Unit 1: 0
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 1x1 - 9
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 699
  • Rent Unit 2: $1,711.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7165.0

Property History for 741 Federal Avenue East

DateEvent & SourcePriceAppreciation
Apr 2, 2026

Listed (Active)

NWMLS #2501955

$3,250,000—
Nov 30, 2012

Sold (Public Record)

Public Record #342201801

$1,735,500

+9.7% / yr

Sep 27, 1994

Sold (Public Record)

Public Record #48152211

$323,000—
DateEvent & SourcePrice
04/02/2026

Listed (Active)

NWMLS #2501955

$3,250,000
11/30/2012

Sold (Public Record)

Public Record #342201801

$1,735,500

+9.7% / yr

09/27/1994

Sold (Public Record)

Public Record #48152211

$323,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 741 Federal Avenue East

Taxable ValueLand$1,800,000Additions$669,000Total$2,469,000
Tax Record2025$25,640 ($2,137 / month)
Home Facts
Total Finished SqFt6,204 SqFtAbove Ground SqFt6,204 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1927Year Renovated1990ZoningLR3 (M)CountyKINGAPN266300-0530

Schools near 741 Federal Avenue East

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - PK to 5
Edmonds S. Meany Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Hutch School
Public - PK to 12
Rating
School
Distance
Lowell Elementary School
PublicPK to 5

Edmonds S. Meany Middle School
Public6 to 8

Garfield High School
Public9 to 12

Hutch School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Capitol Hill
Capitol Hill
Get to know the unique charms of the community surrounding this home. Capitol Hill’s residents enjoy easy access to North Seattle across the bridge and Downtown Seattle and South Lake Union to the west. Although it’s hyper-connected to the rest of the city, Cap Hill (as it is colloquially referred...
Capitol Hill Guide

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More information about 741 Federal Avenue East, Seattle, WA 98102

741 Federal Avenue East is a multi-family home for sale in Seattle, WA 98102. This property was listed for sale on April 2, 2026 by Kidder Mathews, it's currently listed at $3,250,000. It has been on the market for a total of 41 days and was last sold on November 30, 2012. This listing's school district is Seattle Public Schools. Nearby schools include Lowell Elementary School, Edmonds S. Meany Middle School and Garfield High School. 741 Federal Avenue East is a 1-bed, 3-bath, 7,165 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews

Based on information submitted to the MLS GRID as of 04/02/2026 02:58 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.