461 N 39th Street
Seattle WA 98103
Fremont 5 Unit
461 N 39th Street Seattle WA 98103
Listing #: 690832 | Status: Available | Last Modified: 1/13/2025 |
For Sale
- Phone:(206) 999-9161
- Email:laurenhendricks@windermere.com
- Office Name:Windermere-Midtown Commercial
- Office Phone:(206) 446-6400
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,700,000.0
- $/SF$ 330.1
- $/Unit$ 1,700,000.0
- Listing StatusAvailable
- Days on Market18
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income144,449
- Vacancy Factor %5.00%
- Operating Expenses57,187
- Net Operating Income80,039
- CAP Rate 5.13 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.13 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units5
- # of Elevators0
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF6150
- Net Rentable Area5150
- Total Office SF0
- Largest Contiguous SF
- Lot SF4792
- Acres0.11
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #1972200715
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces4
- # Uncovered Spaces1
- Total Parking Spots5
- Parking Ratio0
- Year Built1971
- Year Renovated2000
- Completion Date
- Roof Type
- Construction Type
Fremont 5-Unit 461 N 39th St.
Incredibly well-maintained 5-unit in the heart of Fremont with historically low vacancy rate and rental upside! Four large 2 bd/1.5 bth units and one 1 bd/1 bth unit averaging over 1,030 SF. All units feature in-unit W/D, dishwasher, dining area off kitchen, deck or patio, and off-street parking. The light filled units also have large rooms, tons of storage, and double pane windows. 3 of the 5 units have updated kitchens/bathrooms. Phenomenal location, on a bus line, and just blocks to Burke-Gilman Trail and the Center of the Universe! Excellent investment as-is -- plus the opportunity for an owner-user to occupy one unit while collecting income from the other four units. Please do not disturb tenants. Rents and expenses shown are actual.
Apts. D+S
