Property Attributes
- ID#2569921
- TypeMulti-Family
- CountyKING
- CitySeattle
- AreaBallard-Greenlake
- NeighborhoodFremont
- Zip98103
- Style5-9 Units
- Year Built1985
- Taxes$ 19751
- Price$ 2,250,000
- Bedrooms16
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage4800
- Lot Size0.0764 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. This well-maintained 6-unit property features a rare and highly rentable unit mix consisting of four 2-bedroom units and two spacious 4-bedroom, 2-bath penthouse units offering views of Downtown Seattle and Lake Union, supported by consistently strong tenant demand. The property offers five secure, covered parking spaces, a newer roof, double-pane vinyl windows, durable Hardie Plank siding, and convenient on-site laundry. Unit #2 was recently remodeled with new flooring, quartz countertops, updated millwork, and additional interior improvements. Current rents remain below prevailing market levels, creating a clear opportunity for the next investor to increase income over time. Ideally located with convenient access to the University of Washington, South Lake Union, Downtown Seattle, and surrounding employment centers by transit, bike, or car. A well-maintained, income-producing asset in one of Seattle’s most desirable rental markets, offering a 2026 cap rate of approximately 5.0%.
| Elementary School | Middle School | High School |
|---|---|---|
| Bf Day Elementary School | Hamilton Mid | Lincoln High |
| Price History | |
|---|---|
| 8/26/2026 | Listed $2,250,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Baseboard |
| Cooling | None |
| Possession | Closing |
| Roof | Composition |
| Garage Spaces | 5 |
| Security Features | Security Gate |
| Year Built | 1985 |
| View | City,Lake,Territorial |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| Building Name | DENNY AND HOYT'S ADDITION |
| County | King |
| Net Operating Income | 113649 |
| Insurance Expense | 3714 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Energy Efficient | Thermal Windows |
| Subdivision Name | Fremont |
| Special Listing Conditions | None |
| Status | Active |
| Directions | S on Stone Way fro NE 50th W on N 38th. Building is on the SW corner of 38th and Bridge W. N on Aurora from downtown right onto Bridge Way right onto N 38th. Building is on the right. NO SIGNS |
| High School | Lincoln High |
| City | Seattle |
| Senior Community Y/N | No |
| High School District | Seattle |
| Number Of Units Total | 6 |
| MLS Area | 705 - Ballard/Greenlake |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 3329 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Elementary School | Bf Day |
| Tax Annual Amount | 19751.81 |
| Electric Expense | 1210.19 |
| Middle/Junior High School | Hamilton Mid |
| Property Condition | Very Good |
| Public Remarks | Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. This well-maintained 6-unit property features a rare and highly rentable unit mix consisting of four 2-bed |
| Leasable Area | 4800 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Amenities | Coin Op Laundry,Thermal Windows |
| Water Company | Seattle PUD |
| Units Below Grade | false |
| Units In Building Total | 6 |
| Water Sewer Garbage | 8231.78 |
| Property Style | 55 - 5-9 Units |
| Cap Rate | 5 |
| AFH | 3585 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Engineered Hardwood,Vinyl,Carpet |
|---|---|
| Total Stories | 3 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Cement Planked |
|---|---|
| Lot Features | Corner Lot,Curbs,Paved,Sidewalk |
| Water Source | Community |
| Total Parking | 5 |
| Foundation Details | Poured Concrete |
| Building Area Total | 4800 |
| Lot Dimensions | 50' x 67' |
| Lot Size Acres | 0.0764 |
| Waterfront Y/N | No |
| Covered Spaces | 5 |
| Irrigation Water Rights Y/N | No |
| Site Features | Deck,Gated Entry |
| Lot Number | 1,2 |
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
In The Neighborhood
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
Seattle
$ 899,000
- Type
- Multi-Family | Active
- Size
- 1,870 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Infiniti Real Estate & Dev