We are pleased to present Shannon Apartments, a prime multifamily investment opportunity located in Seattle’s highly desirable First Hill neighborhood. Built in 1905, this charming, well-located asset comprises 22 apartment units with a mix of studio, 1-bedroom, and 2-bedroom floor plans, averaging 630 square feet per unit. Situated in the heart of First Hill, Shannon Apartments offers residents excellent access to major employment centers, hospitals, educational institutions, retail, dining, and public transportation, enhancing both livability and tenant demand. The property presents significant value-add potential through unit renovations, with the opportunity to increase rents by up to 27% to reach market levels. This upside makes Shannon Apartments an ideal candidate for investors seeking both immediate income and long-term growth. Additional amenities include onsite storage and shared washer and dryer facilities, providing convenience and utility for residents. This offering represents a rare opportunity to acquire a well-located, character-rich asset with substantial rental upside in one of Seattle’s most vibrant and supply-constrained neighborhoods.