3617 Francis Ave N - Apartments FOR SALE


Seattle, WA 98103- Fremont
$1,775,000 USD
206-505-9437
3617 Francis Ave N, Seattle, WA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/15
null | 6.15% Cap Rate

3617 Francis Ave N
Seattle, WA 98103
Fremont


HIGHLIGHTS

  • A+ Fremont Location
  • All 2Bd/1Ba Townhome Style Units
  • Upside in Raising Rents
  • 1000 SF Average Unit
  • 4 Storage Lockers
  • 6 Off-street Parking Spaces

OVERVIEW

Fremont 4 presents a compelling investment opportunity in Seattle’s vibrant Fremont neighborhood: a well-maintained 4-unit multifamily property. Built in 1982, this fourplex features four 2-bedroom/1-bath units averaging 1,000 sq ft each, with hardwood floors, washer/dryers in unit, and ample parking/storage. Situated on a 4,992 sq ft LR3-zoned lot, it offers immediate rental income with upside potential through rent increases and cosmetic updates, plus redevelopment possibilities for higher density. In a market with 2-3% annual rent growth and strong demand from tech professionals, this asset promises solid returns for value-add investors or owner-occupants. Current CAP: 6.25%

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

4

PRICE/UNIT

$443,750

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fremont Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,992 SF

ZONING

LR3(M)

APN/PARCEL ID

197220-0520

ASK ABOUT THIS PROPERTY

Chad MartiniWestlake Associates, Inc.More Info
206-505-9437

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Chad MartiniWestlake Associates, Inc.More Info
206-505-9437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.