Direct multifamily buyer
Sell your Washington multifamily property to Kallpa
Kallpa is an active direct buyer of multifamily properties (5 to 50 units) across Washington State. We close on owner-financed and cash deals, hold long-term, and underwrite with a working accountant's eye for real numbers.
What we buy
What does Kallpa buy in Washington?
5 to 50 units. B/C class, built after the 1960s, limited deferred maintenance, real value-add component (below-market rents, operational inefficiencies, or cosmetic deferred upgrades).
Washington is our home market. Jose lives here, the firm started here, and the bulk of our holdings sit between Tacoma and the north Sound.
Submarkets: South King, Pierce, Thurston, Snohomish, and Skagit counties. We pay particular attention to Tacoma's North End, Everett's Silver Lake corridor, Puyallup, Federal Way, Bremerton, Marysville, and parts of Olympia and Mount Vernon.
Why this market
Why is Kallpa active in Washington?
Washington is the market we know best. Jose has owned and operated Washington multifamily for over a decade and the firm's day-to-day relationships, contractors, lenders, and title companies, sit here. We can move faster on Washington deals than anywhere else.
Underwriting
What does Kallpa look at first when underwriting a Washington deal?
Three things drive Washington underwriting: tenant-protection law (longer eviction timelines, just-cause framework, and a state-level rent-stabilization climate that keeps tightening), insurance pricing (rising even on inland buildings), and rent-growth assumptions (varies sharply between Pierce County, South King, and the north Sound). We model all three explicitly.
Sellers we meet
Who are the typical sellers in Washington?
Burned-out long-term Washington landlords are the seller type we see most. Out-of-state owners who originally bought when they lived here come second. Estate situations and partnership wind-downs round out the third category.
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.
Cities
Cities we focus on in Washington
Market FAQ
Common questions about selling in Washington
- Will you buy a Washington multifamily property with a non-paying tenant?
- Yes. Washington's eviction process is slower than most states, which scares off some buyers. We underwrite the asset and the workout, not the rent roll alone. We have closed on Pierce, King, and Snohomish County properties with delinquent tenants in place.
- Do you handle properties under Washington's just-cause eviction rules?
- Yes. We're a Washington-based operator and we know the just-cause framework. If you're considering selling because of a difficult tenant situation, we can structure the sale so the legal burden moves to us at closing.
- Can you close in 14 days on a Washington multifamily property?
- On a clean cash deal with cooperative title, yes. King and Pierce County title companies typically need 10 to 14 days end to end. Seller-financed deals run 30 to 45 days because they involve note documentation.