Westlake Homes with 42 - Multi-Family Style

Welcome to Westlake, a vibrant and picturesque neighborhood nestled in the heart of Seattle, Washington. Known for its stunning waterfront views and eclectic atmosphere, Westlake is a delightful blend of urban convenience and natural beauty. The area boasts a rich tapestry of local culture, with an array of boutique shops, trendy cafes, and fine dining options that cater to every palate. Residents enjoy easy access to Lake Union, where outdoor enthusiasts can partake in kayaking, paddleboarding, or simply savoring a peaceful stroll along the shoreline.

Westlake is particularly appealing for those interested in multi-family homes, offering a diverse selection of properties that cater to various lifestyles. With an array of 42 multi-family style homes, this neighborhood is perfect for investors looking to capitalize on Seattle's thriving rental market or families seeking spacious living arrangements. These homes often feature modern designs, ample living space, and community-oriented layouts, making them ideal for multi-generational living or shared arrangements.

The neighborhood is well-connected to public transportation, ensuring a seamless commute to downtown Seattle and beyond. Westlake also boasts a strong sense of community, with numerous events and gatherings that foster connections among residents. Whether you are looking for a lively urban lifestyle or a serene retreat near the water, Westlake offers the perfect balance for everyone. Come explore the charm of Westlake and discover your dream multi-family home in this enchanting Seattle neighborhood!

Newest Westlake Homes with 42 - Multi-Family Style

$2,000,000

2583599 MLS ⋅ ACTIVE Status

Westlake Development Site: two contiguous parcels at 1722 and 1726 Dexter Ave N, offered together. Each lot is 4,800 SF, for a combined 9,600 SF site zoned LR3(M). LR3(M) zoning and a floor area ratio of 1.8 support approximately 17,280 gross SF of development. Nearby lowrise sites of similar size and zoning have been developed as townhouse projects. Each lot is improved with a 1918 wood frame single family house (2 bed, 1 bath), both rented month to month, producing $4,600 per month in combined scheduled rent. Tenants pay their own utilities. Month to month tenancies let a buyer control the timing of delivery. Off-street driveway parking and in-unit laundry. The site sits on the east facing slope above Lake Union, giving upper floors of a new building water and territorial views, with Lake Union Park and the Westlake waterfront directly below. Dexter Ave N carries a protected bike lane and frequent bus service to downtown, South Lake Union and Fremont. Seller is open to developer terms, including an extended feasibility period and a closing timed to permitting. The adjacent parcels at 1730 and 1732-1734 Dexter Ave N are under the same ownership and marketed separately. Seller has not permitted or entitled the site; buyer to verify density, floor area, height, setbacks and any environmentally critical area designation with SDCI.

1722 Dexter Avenue N, Seattle

Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com

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