741 Federal Avenue E, Seattle, WA 98102

Property 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 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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 4:19PM

Listing Office:

Kidder Mathews : 360-705-2800

Listing Agent:

Max Frame : 360-705-2800

MLS ID:

2501955

Interior

• Flooring: Ceramic TileVinyl PlankCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Brick
• Parking: Parking spaces: 0

Construction

• Roofing: Flat
• General: 56 - 10+ UnitsPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 266300053003
• View: CityView

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls