Portage Bay Homes with 55 - 5-9 Units Style

Welcome to Portage Bay, a picturesque neighborhood nestled in the heart of Seattle, Washington. Known for its stunning waterfront views and vibrant community spirit, Portage Bay is an ideal destination for those seeking a harmonious blend of urban living and natural beauty. With its proximity to downtown Seattle, residents enjoy easy access to the city’s bustling cultural scene, while still being able to retreat to the serene surroundings of this charming enclave.

The homes in Portage Bay offer a unique architectural style, with many properties featuring 5 to 9 units. This style fosters a sense of community, as neighbors become acquainted in this close-knit environment. The buildings often showcase a mix of modern amenities and classic designs, providing a comfortable and inviting atmosphere for residents. Whether you’re looking for a cozy apartment or a spacious townhouse, Portage Bay has something to suit every lifestyle.

Outdoor enthusiasts will appreciate the neighborhood’s access to scenic parks and waterfront activities. The nearby Portage Bay Park offers a perfect spot for picnics, kayaking, or simply soaking in the beautiful views of the bay. Additionally, the area is well-connected to Seattle’s public transportation, making it easy to explore all that the city has to offer—from its renowned dining and shopping options to its vibrant arts and entertainment scene.

In Portage Bay, you’ll find not just a home, but a thriving community where neighbors become friends and every day feels like a getaway. Discover the charm and allure of this remarkable neighborhood, and experience the best of Seattle living!

Newest Portage Bay Homes with 55 - 5-9 Units Style

$2,750,000

2568199 MLS ⋅ ACTIVE Status

The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

3261 Fuhrman Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

Start Your Search

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.