Interbay Real Estate

Welcome to Interbay, a vibrant neighborhood nestled in the heart of Seattle, Washington. This charming area is perfectly positioned between the bustling neighborhoods of Ballard and Queen Anne, offering residents a unique blend of urban convenience and natural beauty. Interbay is known for its picturesque views of the iconic Space Needle and the stunning Olympic Mountains, making it a desirable location for those who appreciate both city life and outdoor adventures.

One of the standout features of Interbay is its diverse community, which includes families, young professionals, and retirees alike. The neighborhood is home to a variety of parks, including the expansive Interbay Park, where you can enjoy leisurely strolls, picnics, and recreational activities. For those who love the outdoors, the nearby Discovery Park offers miles of scenic trails, beaches, and breathtaking vistas of Puget Sound.

Interbay is also a haven for food lovers, with a delightful selection of restaurants, cafes, and local eateries that cater to every palate. Whether you're in the mood for a casual brunch or a fine dining experience, you'll find plenty of options just a stone's throw away. Additionally, the neighborhood boasts excellent public transportation, making it easy to explore all that Seattle has to offer.

With its rich history, friendly atmosphere, and prime location, Interbay is more than just a place to live—it's a community to thrive in. Come discover the charm of Interbay, where urban living meets the beauty of the Pacific Northwest!

Newest Listings in Interbay

$1,200,000

2551244 MLS ⋅ ACTIVE Status

Perched high above the street, in one of Seattle's most reliably rented neighborhoods, this triplex provides a genuine sense of privacy and security to tenants, a sought-after respite increasingly rare in urban Seattle. These features, plus four parking stalls on a private dead-end alley, in-unit laundry, and northwest facing decks translate directly into tenant stability.All three units are currently occupied. Financials include a normalized cap rate on actual rents. The normalized figure removes one-time repairs, costs not inherited by a new owner. The vacancy reserve is a conservative underwriting cushion, not a reflection of this property's rental history.Unit 1 produces strong income today with fireplace, full appliances, and a private deck. Units 2 & 3 rents are below Interbay market rate for in-unit laundry 1BRs, offering a clear path to a higher cap rate and upside potential without capital investment.Solidly built, this triplex features a standing metal roof, copper plumbing, and fresh exterior paint. Added storage in the 330 SF flexible basement. Native landscaping keeps grounds simple to maintain with minimal costs. Fix up interiors on your timeline and collect strong rents in the meantime.Zoned LR1(M) on a 6,000 SF lot with alley access along a corridor that attracts density & long-term investment. This Interbay triplex offers a stable, fully occupied diamond-in-the rough asset with clear upside potential & multiple paths to improved returns.

3438 14th Avenue W, Seattle

Listing courtesy of Engel & Voelkers Seattle DT.

$6,000,000

2526962 MLS ⋅ ACTIVE Status

31-unit multifamily community situated in Seattle’s desirable Interbay/ Queen Anne area. Golfcrest offers investors meaningful renovation value-add upside, and seller financing is available for qualified buyers. The proposed seller financing terms are 5% interest-only rate, 25% down payment and a 5-year term. The property is comprised of a diversified unit mix that includes studio, one-bedroom, two-bedroom, and a Penthouse unit, making it well positioned to serve a broad tenant base in one of Seattle’s most supply constrained submarkets. Roughly 50% of the units have had the flooring replaced with LVP floors. Replacing the remainder of the flooring and improving the kitchens and bathrooms will result in a significant increase in rent. The property has been owned by the same family for the last 31 years. Ownership has spent over $225K in capital improvements over the last couple of years. These improvements reduce near-term capital expenditure risk while preserving the opportunity for an incoming investor to execute a targeted unit renovation program and capture meaningful rental upside.

2629 2633 14th Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$4,000,000

2527028 MLS ⋅ ACTIVE Status

The property consists of 19 one-bedroom / one-bathroom units, one one-bedroom + office / one-bathroom, and one three-bedroom / two-bathroom unit, totaling 14,975 rentable square feet across three stories of wood-frame construction. The property has been meticulously maintained during the current ownership and this is the first time the property has been marketed in 33 years. Current rents average below market across the portfolio, with one-bedroom units running approximately 6% below comparable market rents and the three-bedroom unit carrying meaningful additional upside. An investor operating the building at market rents and fully charging for parking and storage will bring the proforma cap rate to 7.0% with minimal capital needed. The building has been meticulously maintained throughout the current ownership. In 2016, elastomeric waterproof paint was applied to the rockcrete siding, the roof was replaced in 2019 along with the main water supply line, and in 2023/2024 the main sewer drain line and underground cast iron plumbing was replaced. Interbay 21 Apartments offers convenient access to major public transportation routes while being in close proximity to the employment centers, dining, retail, and neighborhood amenities of Queen Anne, Ballard, Interbay, and Magnolia. The building’s location on a quiet residential street provides a strong lifestyle appeal for its tenants and will be highly desirable for future tenants as well.

2820 15th Avenue W, Seattle

Listing courtesy of Paragon Real Estate Advisors.

$319,950

1 Beds ⋅ 1 Baths ⋅ 2528241 MLS ⋅ ACTIVE Status

NEW PRICE!!! Soaring vaulted ceilings. Walls of light. Complete silence — no one above you, no one beside you, no shared walls. This is what it means to own the top-floor corner unit at Magnolia View. Unit #405 is a rare find in Seattle's coveted 98199: a bright, airy, move-in-ready retreat that feels more like a loft than a condo. Brand-new flooring flows throughout the open layout, freshly updated bathroom, and sun-drenched living space — all ready to make your own. Practical details match the lifestyle: assigned parking, private storage, elevator access, and gated entry. HOA dues cover water, sewer, garbage, and earthquake insurance — keeping monthly costs predictable and peace of mind intact. On-site management. The building has done the hard work - over $820,000 in capital improvements and upgrades: newer roof, full PEX water lines throughout, updated fire panel, refreshed common areas, infrastructure for fiber optic cabling installation, and modern glass balcony railings mean no surprise assessments and no deferred maintenance — rare in vintage Seattle condos. Step outside and you're at the gateway to Discovery Park, the Ballard Locks, Fisherman's Terminal, the Burke-Gilman Trail, and Interbay Golf Center. Downtown transit stops directly across the street, with restaurants and grocery stores close at hand. Quiet, distinctive, meticulously maintained, and priced to move. Top-floor privacy. Loft-like character. Magnolia address. It doesn't come around often.

2562 Thorndyke Avenue W Unit #405, Seattle

Listing courtesy of Lynnmac Commercial LLC.

$745,750

2 Beds ⋅ 2 Baths ⋅ 2514272 MLS ⋅ ACTIVE Status

A rare opportunity to own a fully furnished, high-performing Airbnb in North Queen Anne by Isola Homes. This modern townhome is more than just beautifully designed—it’s a turnkey, income-generating asset with an established book of business already in place. Expansive windows flood the interiors with natural light, highlighting wide-plank flooring and clean, contemporary finishes. The open-concept main level features a sleek kitchen with stainless steel appliances, modern cabinetry, and generous storage—perfect for both guest stays and everyday living. Offered fully furnished and professionally set up for short-term rental success, this property delivers immediate income from day one—no setup, no downtime. With an existing book of business and proven performance, it’s a true plug-and-play investment. A private rooftop deck enhances guest appeal with city and territorial views—an amenity that drives strong bookings and repeat stays. Ideally positioned in North Queen Anne, you’re minutes to downtown Seattle, Amazon, Expedia, and South Lake Union, with easy access to Interbay, Ballard, Fremont, Magnolia, Lake Union, and Elliott Bay. Surrounded by top dining, parks, and waterfront trails, this location consistently attracts both short-term guests and long-term renters. Perfect for investors or buyers seeking a flexible luxury property with built-in income potential in one of Seattle’s most desirable neighborhoods.

3406 15th Avenue W Unit #C, Seattle

Listing courtesy of eXp Realty.

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