Direct multifamily buyer
Sell your Seattle and Puget Sound multifamily property to Kallpa
Kallpa is a direct buyer of multifamily across the greater Puget Sound region, including South King County, Snohomish, Skagit, and the Kitsap Peninsula. We pay cash and structure seller financing.
What we buy
What does Kallpa buy in Seattle and Puget Sound?
5 to 50 units. 5 to 50 units, B/C class, post-1960s, with a real value-add angle.
We buy small-to-mid-size multifamily across the Puget Sound, particularly in the workforce-housing submarkets ringing Seattle proper.
Submarkets: South King County (Federal Way, Kent, Auburn, Renton, Burien), Everett, Marysville, Bremerton, parts of Olympia and Mount Vernon.
Why this market
Why is Kallpa active in Seattle and Puget Sound?
The Puget Sound has the deepest workforce-housing demand in the Pacific Northwest, but the regulatory and price environments vary sharply by city. We focus on the rings around Seattle where the math still works after honest underwriting, rather than chasing premium-cap deals inside city limits.
Underwriting
What does Kallpa look at first when underwriting a Seattle and Puget Sound deal?
Puget Sound underwriting is dominated by tenant-protection layers: state law plus city-specific ordinances (Seattle's are the strictest, but Federal Way, Kent, and Burien have their own). We model timeline impact on rent growth and turnover. Insurance and seismic considerations also factor in.
Sellers we meet
Who are the typical sellers in Seattle and Puget Sound?
South King County landlords who have held since the 1990s or early 2000s and are ready to exit. Snohomish and Skagit owners with 10-to-30-unit buildings that have outgrown their solo-management capacity. Kitsap Peninsula owners selling because they no longer want to ferry across the Sound.
How it works
How does selling to Kallpa work?
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Contact Jose directly.
Phone or email. He answers his own line.
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Property review.
Address, unit count, rent roll, and a few questions about condition.
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Written offer.
Cash or seller-financed, usually within a few business days of getting the basics.
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Short due diligence.
Inspection, title, and a quick rent-roll verification. We don't drag it out.
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Close at title.
14 to 45 days depending on structure.
Tell Jose about your property
Two minutes. No broker. He'll read it himself and reply within a business day.
Related
Related
Market FAQ
Common questions about selling in Seattle and Puget Sound
- Do you buy in Seattle proper, or only the suburbs?
- Both. We buy in Seattle proper when the asset pencils after honest underwriting, but most of our Puget Sound activity happens in the workforce-housing rings (South King County, Snohomish, Kitsap) where the math works more often.
- Will you buy a building under Seattle's strict tenant-protection rules?
- Yes. We operate inside the rules and our offers reflect them. Tenant protections affect timeline and rent-growth assumptions; they don't make the building unsellable to a competent direct buyer.