Address
4400 Linden Ave N, Seattle, WA
Price
$ 2,000,000
Property Attributes
- ID#2577739
- TypeMulti-Family
- CountyKING
- CitySeattle
- AreaBallard-Greenlake
- NeighborhoodFremont
- Zip98103
- Style5-9 Units
- Year Built1965
- Taxes$ 16593
- Price$ 2,000,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage5150
- Lot Size0.1148 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Prime investment opportunity in the heart of Fremont! Linden features an attractive 8-unit mix (two 1 bed/1 bath and six 2 bed/1 bath units) averaging 644 sq ft. Exceptional upside potential with current rents ~10% below market rate and utility reimbursements sitting at ~37% with room to expand to 86%. Additional revenue avenues include introducing parking fees and pet rent.Six units are already renovated with low-maintenance LVP flooring, updated kitchen cabinets, new countertops, upgraded fixtures, and modern bathrooms. Over $200k in recent capital improvements completed, including a new roof, upgraded electrical panels, and fresh exterior paint—leaving just two units to finish for full value-add execution.Unbeatable location on Linden Ave, 1 block off Fremont Ave’s top dining and nightlife, the Burke-Gilman Trail, and Gas Works Park. Walk Score 82 | Bike Score 80. Easy access to Aurora Ave & downtown Seattle. Outstanding cash flow potential in a high-demand submarket!
| Price History | |
|---|---|
| 9/3/2026 | Listed $2,000,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Baseboard |
| Cooling | None |
| Possession | Closing |
| Roof | Flat |
| Year Built | 1965 |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| County | King |
| Net Operating Income | 109440 |
| Insurance Expense | 4307 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | Fremont |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS |
| City | Seattle |
| Senior Community Y/N | No |
| High School District | Seattle |
| Number Of Units Total | 3 |
| MLS Area | 705 - Ballard/Greenlake |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 5000 |
| Carport Spaces | 3 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 16593 |
| Electric Expense | 4151 |
| Fuel Expense | 4151 |
| Public Remarks | Prime investment opportunity in the heart of Fremont! Linden features an attractive 8-unit mix (two 1 bed/1 bath and six 2 bed/1 bath units) averaging 644 sq ft. Exceptional upside potential with cur |
| Leasable Area | 5150 |
| Structure Type | Multi Family |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Units Below Grade | true |
| Units In Building Total | 8 |
| Water Sewer Garbage | 4151 |
| Property Style | 55 - 5-9 Units |
| Cap Rate | 5.47 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Laminate |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Stone,Stucco,Wood |
|---|---|
| Total Parking | 8 |
| Foundation Details | Block |
| Building Area Total | 5150 |
| Lot Size Acres | 0.1148 |
| Waterfront Y/N | No |
| Covered Spaces | 3 |
| Irrigation Water Rights Y/N | No |
| Parking Uncovered Total | 5 |
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
Water Views
Seattle
$ 2,250,000
- Type
- Multi-Family | Active
- Size
- 4,800 SqFt
- Rooms
- 16 Beds + 8 Baths
Listed by: Lotside
Reduced
Seattle
$ 899,000
- Type
- Multi-Family | Active
- Size
- 1,870 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Infiniti Real Estate & Dev
