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… Read More 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%. Read Less
Listing courtesy of Lotside
Listing Snapshot
Cumulative Days On Market
44
Days on Website
45
Last Updated
Property Type
Multi Family
Square Ft.
4,800
Lot Size
0.08 Acres
Year Built
1985
Property Tax
$19,752
MLS Number
2569921
Additional Details
Building
Built in 1985, Built in 1998 (effective), 3 stories, Construction Materials: Cement Plank
Cooling
None
Energy Saving
Energy Efficiency: Thermal Windows
Expenses
Electric: $1,210.19, Insurance: $3,714, Other Expense: $18,970.8
Exterior Features
Cement Planked
Floors
Engineered Hardwood, Vinyl, Carpet
Foundation
Poured Concrete
Garage
5 spaces
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $174,240, Net Operating Income: $113,649
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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