565 -569 Lee Street, Seattle, WA 98109 (MLS # 2554111)

Listing provided courtesy of Northwest MLS; Lee & Associates Commercial RE

PRICE	$2,995,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	7,218 sqft

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We are pleased to present Marguerite Manor, an 11-unit apartment community located in Seattle's highly desirable Queen Anne neighborhood. The property encompasses approximately 7,032 square feet of net rentable area and features a unit mix of ten spacious one-bedroom apartments and one expansive three-bedroom penthouse with sweeping views of the Seattle skyline and Lake Union. Current ownership has implemented several significant capital improvements in recent years. The building features a durable brick faÃ§ade along the front elevation, while the rear exterior was extensively rebuilt, resided, and repainted in 2015. Additional exterior upgrades include the installation of a high tech roof in 2019, a retractable awning, and new decks in 2020. Residents benefit from on-site common laundry facilities and dedicated off-street parking consisting of six open stalls and two tandem spaces located at the rear of the property. Situated within Queen Anne, Marguerite Manor offers investors a combination of stable in-place income, strong renter demand, and long-term appreciation potential. The property's location, recent capital improvements, and attractive unit configuration position it as a compelling multifamily investment opportunity in one of the Pacific Northwest's most sought-after urban submarkets.

LAST UPDATED	7/14/2026	TRACT	Queen Anne
YEAR BUILT	1963	COMMUNITY	Queen Anne
COUNTY	King	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	700 - Queen Anne/Magnolia
CONSTRUCTION	Brick, Wood Siding
HEAT	Baseboard, Electric
LOT	7218 sq ft
LOT DESCRIPTION	Corner Lot, Paved, Sidewalk
MLS STATUS	Active
STORIES	3
STYLE	56 - 10+ Units
SUBDIVISION	Queen Anne
TAXES	31621
UTILITIES	Sewer Connected
VIEW	Yes
VIEW DESCRIPTION	City, Sound, Territorial
ZONING	Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 7/14/26 1:49 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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