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.
Active
Listed by: Kidder Mathews • Max Frame
$3,250,000
741 Federal Avenue E, Seattle, WA 98102
1beds
3baths
7,165sqft
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$454/sqft
$-- HOA
What's special
High ceilingsOriginal characterTimeless brick architecture
- 100 days |
- 201 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Max Frame,
Kidder Mathews
Source: NWMLS as distributed by MLS GRID,MLS#: 2501955
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 7,165
- Total interior livable area: 7,165 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Has view: Yes
- View description: City
Lot
- Size: 7,165 Square Feet
- Dimensions: 6000
- Features: Paved, Sidewalk
Details
- Parcel number: 266300053003
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Very Good
- Year built: 1927
- Major remodel year: 1927
Utilities & green energy
- Electric: Company: Seattle Light
- Sewer: Sewer Connected, Company: PSE
- Water: Company: PSE
Community & HOA
Community
- Subdivision: Capitol Hill
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $454/sqft
- Annual tax amount: $23,258
- Date on market: 4/2/2026
- Cumulative days on market: 101 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,253/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Listed for sale | $3,250,000$454/sqft |
Source:  NWMLS as distributed by MLS GRID #2501955 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Capitol Hill
Nearby schools
GreatSchools rating
- 3/10Lowell Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 5/10Edmonds S. Meany Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Garfield High SchoolGrades: 9-12Distance: 1.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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- Washington
- King County
- Seattle
- 98102
- Capitol Hill
- 741 Federal Avenue E
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