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Malden Apartments
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Site Details
Residential Unit Mix
Opportunity
Malden Apartments is a 7-unit multifamily asset located at 612 Malden Ave E in Seattle’s vibrant North Capitol Hill, offered at a reduced price of $2,100,000. The property features large units averaging 886 SF, with 5 already renovated and 2 classic units providing clear value-add upside. Over $130,000 has been invested into exterior and common areas, plus up to $60,000 per renovated unit, leaving minimal heavy lifting for new ownership. Situated in a premier location with a 98 Walk Score, steps from dining, nightlife, and the light rail, Malden stands to benefit from a 77% drop in new apartment deliveries in Capitol Hill, positioning it for strong rent growth.
Location
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About the Area
Located in Seattle’s lively North Capitol Hill neighborhood, Malden Apartments offers residents a premier urban lifestyle surrounded by top dining, nightlife, and cultural destinations. With a 98 Walk Score, it’s steps from the vibrant 15th Avenue corridor, Volunteer Park, and the Capitol Hill Farmers Market, plus just a 10-minute walk to the light rail for easy access to downtown and South Lake Union. This amenity-rich, historic area ensures strong tenant demand and long-term investment stability.
98 Walk Score
Walker’s paradise near cafes, bars, parks, and grocery stores
Excellent Connectivity
10-minute walk to light rail; 8-minute drive to Seattle CBD
Capitol Hill Allure
One of Seattle’s most dynamic neighborhoods with enduring rental demand
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