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, Portage Bay offers a unique blend of urban living and natural beauty. This charming area is bordered by the serene waters of Portage Bay itself, making it a haven for outdoor enthusiasts and those who appreciate scenic vistas.

One of the standout features of Portage Bay is its diverse range of homes, particularly the delightful 55-59 unit styles that grace the streets. These residences are designed to harmonize with the surrounding environment, often showcasing modern architecture paired with classic Seattle charm. With spacious layouts, contemporary finishes, and ample natural light, these homes cater to a variety of lifestyles, whether you’re a young professional, a growing family, or looking to downsize.

The neighborhood thrives on community spirit, with friendly neighbors and local businesses that create a warm and inviting atmosphere. Enjoy leisurely strolls along the waterfront, where you can take in the beautiful views of the lake and the iconic Seattle skyline. Portage Bay is also conveniently located near some of the city's best parks, cafes, and restaurants, ensuring that residents have everything they need just a stone's throw away.

With its exceptional location and a strong sense of community, Portage Bay is not just a place to live; it's a lifestyle. Discover the charm of this vibrant neighborhood and find your perfect home among the beautiful 55-59 unit residences that make Portage Bay truly special.

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..

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