Multifamily real estate apartment building investments
  • Home
  • Advanced Search
  • Seller Info
  • Market Data
  • About
  • Blog
  • Contact Us
    Login
    206.926.3701

    Sign in to your account

    Need to reset your phone number?

    Don't have an account with us?

    Click here to sign up.

    Washington Investment Real Estate Search

    TO
    Advanced Search

    Address Search

    1031 Exchange Information

    Thinking of selling? CLICK HERE to find out what your multi-family investment property could sell for in today's market

    *The following is for informational purposes. We highly recommend that you consult with a tax professional*

    So what is 1031? Generally stated, a 1031 exchange (also called a like-kind exchange or a Starker) is an exchange of one investment asset property for another. Although most exchanges are taxable as sales, if you come within 1031, you’ll either have no tax or limited tax due at the time of the exchange.

    Here is the IRS definition: Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), a taxpayer may defer recognition of capital gains and related Federal income tax liability on the exchange of certain types of property. In 1979, this treatment was expanded by the courts to include non-simultaneous sale and purchase of real estate, a process sometimes called a Starker exchange. 

     

    Requirements for IRC Section 1031 Exchanges

     

    TIMELINE REQUIREMENTS

    Measured from when the relinquished property closes, the Exchangor has 45 days to nominate (identify) potential replacement properties and 180 days to acquire the replacement property. The exchange is completed in 180 days, not 45 days plus 180 days.

    IDENTIFICATION RULES

    As an Exchangor, you are required to provide in writing an “unambiguous description” of the potential replacement property prior to midnight on the 45th day (after the close of the first relinquished property). A legal description or property address will suffice. If you wish to identify or purchase multiple properties, you must follow one of the following guidelines:

    • Identify up to three properties of any value with the intent of purchasing at least one.
    • Identify more than three properties with an aggregate value that does not exceed 200% of the market value of the relinquished property.
    • Identify more than three properties with an aggregate value exceeding 200% of the relinquished property, knowing that 95% of the market value of all properties identified must be acquired.
    • A submitted purchase agreement is considered a sufficient identification.
    • Any properties purchased and closed within the 45-day time period qualifies as an identification.

     

    Basic Timeline:

    Day 1: You have closed on the sale of your investment property.

    Day 45: Deadline for identifying up to three like-kind properties for purchase. 

    Day 180: Deadline to complete the purchase of the new property(s) in order to qualify for a 1031 Exchange.

    You have six months from the day you closed escrow on the sale of your original property to successfully meet the 1031 Exchange requirement for the IRS. 

     

    1031 Facilitators in Washington:

    • IPX 1031

    Delaware Statutory Trust Info (preferred vendors):

    • Real Estate Transition Solutions
    • Madrona Financial Services

     

     

    Newest Puget Sound Area Multifamily Property Listings

    445 SE Andrews Street, Issaquah image
    445 SE Andrews Street, Issaquah $995,000

    Exceptionally well maintained downtown Issaquah duplex located in quiet residential area, perfect owner occupied property or first time investment. Neighborhood located a...

    board logo
    • 1962221 MLS
    • ACTIVE Status
    Courtesy of Skyline Properties, Inc.

    Listing courtesy of Skyline Properties, Inc..

    board logo
    929 N 167th Street, Shoreline image
    929 N 167th Street, Shoreline $1,288,000

    In the heart of Shoreline in residential neighborhood, 2 blocks to city park and baseball diamond and 2 blocks to High School. Close to shopping and transportation and th...

    board logo
    • 1962094 MLS
    • ACTIVE Status
    Courtesy of The Roanoke Group

    Listing courtesy of The Roanoke Group.

    board logo
    1228 Benson Road S, Renton image
    1228 Benson Road S, Renton $1,200,000

    Fantastic Investment Opportunity for this conveniently located Renton triplex perched atop Benson Hill with views from each unit. All units have been rehabbed/remodeled,...

    board logo
    • 1960894 MLS
    • ACTIVE Status
    Courtesy of Cascade Properties & Invest.

    Listing courtesy of Cascade Properties & Invest..

    board logo
    10417 Aqua Way S, Seattle image
    10417 Aqua Way S, Seattle — Beverly Park Div 1 $699,990

    Attention all types of buyers! Investors, grab this opportunity to add this beautifully renovated duplex to your investment portfolio or buyers who’ve been looking for a ...

    board logo
    • 1958336 MLS
    • ACTIVE Status
    Courtesy of Horizon Real Estate

    Listing courtesy of Horizon Real Estate.

    board logo
    5902 22nd Avenue NW, Seattle image
    5902 22nd Avenue NW, Seattle $5,400,000 ▲

    Property is Unpriced at this time. Please reach out to Listing Agent. Great opportunity to own a 35 unit property in the heart of Ballard. With substantial rent upside (2...

    board logo
    • 1960945 MLS
    • ACTIVE Status
    Courtesy of Kidder Mathews

    Listing courtesy of Kidder Mathews.

    board logo
    433 Bellevue Ave  E, Seattle image
    433 Bellevue Ave E, Seattle $7,350,000

    21-Units, Fully-Renovated w/ High-end Finishes. Ability to Raise Rents 10%. Future Redevelopment Play w/ Exceptional Views. Excellent Option for an Exchange Buyer.

    board logo
    • 1960935 MLS
    • ACTIVE Status
    Courtesy of Kidder Mathews

    Listing courtesy of Kidder Mathews.

    board logo
    7 & 15 Dravus Street Unit #1-16, Seattle image
    7 & 15 Dravus Street Unit #1-16, Seattle — Dravus COurt $3,800,000

    Located in Queen Anne, Dravus Court is 2 blocks from SPU, walking distance from Fremont’s core & boasts an easy commute to SLU & Downtown with their employment/entertainm...

    board logo
    • 1960154 MLS
    • ACTIVE Status
    Courtesy of Kidder Mathews

    Listing courtesy of Kidder Mathews.

    board logo
    203 Farrelly Street, Enumclaw image
    203 Farrelly Street, Enumclaw $995,000

    Great cash flow and well maintained Fourplex located near downtown Enumclaw. Each unit has 2 bedrooms, 1.5 bathrooms, over 1,000 square feet each unit. Every unit has k...

    board logo
    • 1957453 MLS
    • ACTIVE Status
    Courtesy of TheMLSonline.com

    Listing courtesy of TheMLSonline.com.

    board logo
    136 McKean Court, Enumclaw image
    136 McKean Court, Enumclaw $995,000

    Great cash flow and well maintained Fourplex located near downtown Enumclaw. Each unit has 2 bedrooms, 1.5 bathrooms, over 1,000 square feet each unit. Every unit has k...

    board logo
    • 1957448 MLS
    • ACTIVE Status
    Courtesy of TheMLSonline.com

    Listing courtesy of TheMLSonline.com.

    board logo
    7420 Woodlawn Avenue NE, Seattle image
    7420 Woodlawn Avenue NE, Seattle — Replat of the Green Lake Home Add to City of Seatt $1,600,000

    Incredible Opportunity on the Green Lakes eastside. 1 short blk from rec center & library, on major bus line. Currently used as duplex, both units occupied. Do Not Distu...

    board logo
    • 1959146 MLS
    • ACTIVE Status
    Courtesy of Mal & Seitz

    Listing courtesy of Mal & Seitz.

    board logo
    808 141st Place SE, Bellevue image
    808 141st Place SE, Bellevue $1,450,000

    A rare investment opportunity in the heart of Bellevue! Each unit has 3BR, 1.5 bath, light filled, spacious living room overlooking level private backyard. 1 car garage w...

    board logo
    • 1955738 MLS
    • ACTIVE Status
    Courtesy of RE/MAX Northwest Realtors

    Listing courtesy of RE/MAX Northwest Realtors.

    board logo
    2540 Dexter Avenue N, Seattle image
    2540 Dexter Avenue N, Seattle $3,850,000

    Location, Location, Location! Must see this duplex (2538 Dexter Ave N) and single-family (2540 Dexter Ave N) residences with rare sweeping views of South Lake Union. The...

    board logo
    • 1953103 MLS
    • ACTIVE Status
    Courtesy of John L. Scott, Inc.

    Listing courtesy of John L. Scott, Inc..

    board logo
    1130 N 82nd Street, Seattle image
    1130 N 82nd Street, Seattle — Bonen's Addition $853,000

    Beautifully maintained and renovated home 3 blocks from Greenlake. Main floor has; living room, dining room, spacious kitchen, full bath and primary bedroom. Lower level ...

    board logo
    • 1958610 MLS
    • ACTIVE Status
    Courtesy of Sterling Johnston Real Estate

    Listing courtesy of Sterling Johnston Real Estate.

    board logo
    2002 E Union Street, Seattle image
    2002 E Union Street, Seattle $3,800,000

    East Union Building is a beautiful mixed-use building beaming with timeless character. It features 4 large residential units and 4 ground floor retail spaces that is 100...

    board logo
    • 1958598 MLS
    • ACTIVE Status
    Courtesy of Kidder Mathews

    Listing courtesy of Kidder Mathews.

    board logo
    6400 11th Avenue NW, Seattle image
    6400 11th Avenue NW, Seattle — Ballard Add The $1,375,000

    4plex opportunity! Ideal location in the heart of Seattle's thriving Ballard neighborhood! Pride of ownership, low maintenance & close to restaurants/shopping make for a ...

    board logo
    • 1956013 MLS
    • ACTIVE Status
    Courtesy of Toril Sells Houses Team

    Listing courtesy of Toril Sells Houses Team.

    board logo
    815 N 43rd Street, Seattle image
    815 N 43rd Street, Seattle $1,350,000

    ATTN investors! Wonderful 4 plex in popular Fremont with rents under current value. This well looked after fully rented multi family building is centrally located with e...

    board logo
    • 1946777 MLS
    • ACTIVE Status
    Courtesy of Coldwell Banker Danforth

    Listing courtesy of Coldwell Banker Danforth.

    board logo
    1213 S Plum Street, Seattle image
    1213 S Plum Street, Seattle — Central Seattle $1,399,950

    No Interior Inspection w/Signed PSA.Please do not go on property or bother or question the tenants.Brick 4-plex in Prime Beacon Hill Location on a Soundview 6500 LR2(M) l...

    board logo
    • 1957500 MLS
    • ACTIVE Status
    Courtesy of Windermere Real Estate Co.

    Listing courtesy of Windermere Real Estate Co..

    board logo
    945 N 104th Street, Seattle image
    945 N 104th Street, Seattle — North Park $800,000

    Whether you are looking for a performing investment property, a home with a separate unit to offset your mortgage or a home with the ability to have a separate home offic...

    board logo
    • 1957022 MLS
    • ACTIVE Status
    Courtesy of eXp Realty

    Listing courtesy of eXp Realty.

    board logo
    5208 Sand Point Place NE, Seattle image
    5208 Sand Point Place NE, Seattle — Balchs Albert Balchwood $2,038,000

    Seattle’s Windermere Circle, an enclave of iconic upscale, mid-century, multi-family properties. Superior construction is evident throughout. Strong tenant pool with Chi...

    board logo
    • 1956913 MLS
    • ACTIVE Status
    Courtesy of Windermere Real Estate Co.

    Listing courtesy of Windermere Real Estate Co..

    board logo
    13958 SE 173rd Place, Renton image
    13958 SE 173rd Place, Renton $1,150,000

    Income producing 4-plex in prime Fairwood location- close to shopping, library and more! This property has a solid rental history and has been well maintained through the...

    board logo
    • 1957137 MLS
    • ACTIVE Status
    Courtesy of Redfin

    Listing courtesy of Redfin.

    board logo
    The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

    Address Search

    Like or Share
    Loading likes...

    Exclusive Listings / Past Sales

    • Our Multifamily Listings
    • Off-Market / Pocket Listings

    Resources

    • Multifamily Seller's Guide
    • Income Property Terms and Calculations
    • Offers Subject to Interior Viewing
    • Seattle Rental Registration Ordinance
    • ADU vs Legal Duplex: Definitions and Rules
    • Tenant Screening
    • Seattle Landlord/ Tenant Rights 
    • Washington State Landlord/ Tenant Laws
    • Section 8 Info
    • Rental Housing Association of WA
    • Home Repair Estimate Guide
    • 1031 Exchange Information
    • City of Seattle Building Permit Search
    • King County Building Permit Search
    • City of Lakewood Building Permit Search
    • City of Tacoma Building Permit Search
    • City of Seattle Accessory Dwelling Unit Info
    • City of Seattle Property Record Search

    Seattle

    • Seattle Investment Real Estate
    • West Seattle Investment Real Estate
    • Ballard Investment Real Estate

    North King County

    • Shoreline Investment Real Estate

    South King County

    • Renton Investment Real Estate
    • Tukwila Investment Real Estate
    • Auburn Investment Real Estate

    East King County

    • Bellevue Investment Real Estate

    Pierce County

    • Tacoma Investment Real Estate
    • Hilltop Investment Real Estate
    • Lakewood Investment Real Estate
    • Spanaway Investment Properties
    • Puyallup Investment Properties
    • University Place Investment Properties

    Snohomish County

    • Everett Investment Real Estate
    • Lynnwood Investment Real Estate

    Click Here to Create a Custom Report

    Financing

    Apply Now

    Recent Blog Posts

    • 7 Reasons Why Home Values Won't Collapse
    • Burien Fourplex :: Just Listed :: 13244 12th Ave SW, Burien
    • Top 10 Misconceptions About 1031 Exchanges for 2020
    • Inslee extends eviction moratorium
    • Fourplex for sale in Tacoma | 3302 N 26th St, Tacoma
    • Landlord Tips for COVID19
    • Duplex for sale in Lake Stevens | 9004 10th Pl SE Lake Stevens
    • Pick of the Week: 10-Unit for sale in Tacoma | 6801 Pacific Ave, Tacoma
    • 6-Unit Apartment for sale in Seattle | 5602 30th Ave NW, Seattle
    • Sound Market Thoughts During COVID19

     

     

     

  • Sell your apartment building in Washington State
  • Seattle Multifamily Properties
  • Tacoma Multifamily Properties
  • Blog
  • Sound Realty Group, Inc

    6553 California Ave SW, Suite B

    Seattle, WA 98136

    Charles Burnett, Principal


    © All Rights Reserved

    Investment Property Valuation | Apartment Buildings for sale in Seattle | Apartment Buildings for sale in Tacoma

    Seattle Multi-Family Investment Properties | Bellevue Multi-Family Investment Properties  | Shoreline Multi-Family Investment Properties | Tacoma Multi-Family Investment Properties  | Auburn Multi-Family Investment Properties 

    Snohomish County Multifamily Properties | Whatcom County Multifamily Properties

  • Pierce County Multifamily Properties with 7% + Cap Rate
  • King County Multifamily Properties with 6% + Cap Rate
  • Property Valuation
  • Seattle Apartment Buildings
  • Tacoma Apartment Buildings
  • Everett Apartment Buildings
  • Seattle Duplex Listings
  • Seattle Triplex Listings
  • Seattle Fourplex Listings
  • IDX Real Estate Websites by
    • Accessibility • Terms • Privacy