Washington Investment Real Estate 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:
Delaware Statutory Trust Info (preferred vendors):
Newest Puget Sound Area Multifamily Property Listings
The property includes one non-conforming studio unit, two 1-bedroom/1-bathroom units, and one 2-bedroom/1-bathroom unit. All units were renovated approximately five years...
- 2542292 MLS
- ACTIVE Status
Listing courtesy of Skyline Properties, Inc..
Versatile single-story fourplex offering an excellent opportunity for investors and owner-occupants. The property includes two 1-bedroom units and two 2-bedroom units, wi...
- 2559823 MLS
- ACTIVE Status
Listing courtesy of Operation Red Dot.
Exceptional opportunity for owner-occupants and investors alike. This beautifully remodeled duplex features two townhouse-style residences, offering flexibility for today...
- 2553384 MLS
- ACTIVE Status
Listing courtesy of Windermere RE/Capitol Hill,Inc.
Fully renovated, turnkey mixed-use asset located in the heart of the West Seattle Junction, The EOS consists of 15 luxury apartments situated above four fully leased reta...
- 2558493 MLS
- ACTIVE Status
Listing courtesy of Paragon Real Estate Advisors.
Queen Anne Jewel: Exceptional Four-Unit Investment or Grand Single-Family Conversion. Discover one of the finest real estate opportunities in Seattle’s most picture-perfe...
- 2557146 MLS
- ACTIVE Status
Listing courtesy of Windermere RE West Campus Inc.
Hollywood Court is a 25-unit multifamily investment located in Seattle's highly desirable Capitol Hill neighborhood. The property consists of two buildings: the original ...
- 2558190 MLS
- ACTIVE Status
Listing courtesy of Kidder Mathews.
Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings ...
- 2554023 MLS
- ACTIVE Status
Listing courtesy of Real Property Associates.
Born in 1909, this 4,400 square foot Old Grand Dame sits majestically above the street, one block from Green Lake's beloved 2.8-mile loop, three blocks from the charming ...
- 2557311 MLS
- ACTIVE Status
Listing courtesy of Windermere RE Greenwood.
Timeless brick duplex in the heart of Brighton offering an outstanding opportunity for investors and owner-occupants alike. Each well-designed unit features 2 bedrooms, 1...
- 2557197 MLS
- ACTIVE Status
Listing courtesy of AQUA Real Estate.
Prime Ballard Triplex with Strong Rental Income & Value-Add Potential! Well-maintained income property featuring two spacious 2-bedroom, 1.75-bath units (approximately 1,...
- 2556712 MLS
- ACTIVE Status
Listing courtesy of Kelly Right RE of Seattle LLC.
Rare opportunity to acquire a well-maintained 4-plex in one of Des Moines' most desirable rental locations! This fully occupied property features four spacious 2-bedroom,...
- 2551473 MLS
- ACTIVE Status
Listing courtesy of Skyline Properties, Inc..
This Judkins Park duplex is in a great location with fun thing to do & has light rail close by. On a corner lot at the end of a quiet dead-end street, it is surrounded by...
- 2555075 MLS
- ACTIVE Status
Listing courtesy of Windermere R E Mount Baker.
NEW PRICE! RARE TURNKEY INVESTMENT OPPORTUNITY IN WHITE CENTER! Fully permitted and meticulously renovated from top to bottom in 2026, this immaculate duplex offers the p...
- 2556383 MLS
- ACTIVE Status
Listing courtesy of Pacific Dream Home Realty.
This is the one!! Very Well maintained 5 unit building in a desirable Ballard and very walkable Location. The building features 3 townhome style 2 bedroom loft units wit...
- 2555526 MLS
- ACTIVE Status
Listing courtesy of RE/MAX Metro Realty, Inc..
Discover an excellent duplex in a prime location! Conveniently situated close to the mall, light rail, bus services, park & ride, and community center. This property boas...
- 2556004 MLS
- ACTIVE Status
Listing courtesy of Specialty Real Estate Group.
Toatally renovated and fully occupied four-plex — turnkey income property in a proven Seattle rental corridor. Rare opportunity to acquire stabilized small multifamily wh...
- 2556281 MLS
- ACTIVE Status
Listing courtesy of Windermere RE Greenwood.
1822 S King St is a Walkers Paradise with a walk score of 94, placing residents within easy reach of Downtown Seattle, major hospitals, neighborhood restaurants and shops...
- 2556067 MLS
- ACTIVE Status
Listing courtesy of Kidder Mathews.
This Victory Heights rambler sits well back from the street, on a flat, private lot where a wooded ravine forms the back edge and mature trees filter the light all day. S...
- 2555897 MLS
- ACTIVE Status
Listing courtesy of Windermere R.E. Shoreline.
The property sits in one of North Seattle’s fastest-improving rental corridors. The location is further supported by Sound Transit’s new Shoreline South/148th light rail ...
- 2555010 MLS
- ACTIVE Status
Listing courtesy of Paragon Real Estate Advisors.
Classic Phinney Ridge triplex in one of Seattle's most sought-after neighborhoods. Perched above the street just one block from the vibrant Phinney/Greenwood business dis...
- 2551090 MLS
- ACTIVE Status
Listing courtesy of Real Broker LLC.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Address Search
Exclusive Listings / Past Sales
Upcoming Classes / Webinars
Seattle
North King County
South King County
East King County
Pierce County
Snohomish County
Click Here to Create a Custom Report
