Water Views
Address
816 N 38th Street, Seattle, WA
Price
$ 1,900,000
Property Attributes
- ID#2541763
- TypeMulti-Family
- CountyKING
- CitySeattle
- AreaBallard-Greenlake
- NeighborhoodFremont
- Zip98103
- Style5-9 Units
- Year Built1990
- Taxes$ 18027
- Price$ 1,900,000
- Bedrooms6
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage5030
- Lot Size0.0551 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.
| Price History | |
|---|---|
| 6/17/2026 | Listed $1,900,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Forced Air |
| Cooling | Forced Air |
| Possession | Closing |
| Roof | Composition |
| Year Built | 1990 |
| View | City,Lake,Mountains,Partial,Territorial |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| County | King |
| Net Operating Income | 106489 |
| Insurance Expense | 5100 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | Fremont |
| Possible Use | Multi-Family |
| Special Listing Conditions | None |
| Status | Active |
| Directions | On Hwy 99 N/Aurora Ave N,slight right on Bridge Wy N. Left on N 38th St. Right on Linden Ave N. Right on N 39th St. Right on Aurora Ave N. Right on N 38th St. Site on right. |
| City | Seattle |
| Senior Community Y/N | No |
| High School District | Seattle |
| Zoning Description | Multi-Family |
| Number Of Units Total | 6 |
| MLS Area | 705 - Ballard/Greenlake |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 2400 |
| Carport Spaces | 5 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 18027 |
| Public Remarks | Originally constructed in 1990,the four-story building consists of five spacious residential apartments and one highly desirable commercial suite,creating a diversified income stream uncommon among p |
| Leasable Area | 4469 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Amenities | Coin Op Laundry |
| Units Below Grade | false |
| Units In Building Total | 6 |
| Water Sewer Garbage | 7600 |
| Property Style | 55 - 5-9 Units |
| Cap Rate | 5.6 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Hardwood,Vinyl Plank,Carpet |
|---|---|
| Total Stories | 4 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Lot Features | Alley,Curbs,Paved,Sidewalk |
| Total Parking | 9 |
| Building Area Total | 5030 |
| Lot Size Acres | 0.0551 |
| Waterfront Y/N | No |
| Covered Spaces | 5 |
| Irrigation Water Rights Y/N | No |
| Site Features | Deck,Patio,Rooftop Deck |
| Parking Uncovered Total | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98103
Price
Taxes
Year Built
Visits
In The Neighborhood
Views
Seattle
$ 1,220,000
- Type
- Multi-Family | Active
- Size
- 1,510 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: Real Residential
Seattle
$ 2,000,000
- Type
- Multi-Family | Active
- Size
- 5,150 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Real Broker LLC
Water Views
Seattle
$ 2,250,000
- Type
- Multi-Family | Active
- Size
- 4,800 SqFt
- Rooms
- 16 Beds + 8 Baths
Listed by: Lotside
