4500 1st Ave - Apartments FOR SALE


Seattle, WA 98107- Fremont
$5,300,000 USD
425-444-6501
4500 1st Ave, Seattle, WA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/6
null | 4.94% Cap Rate

4500 1st Ave
Seattle, WA 98107
Fremont


HIGHLIGHTS

  • Excellent upper Fremont location
  • Large units averaging 860 SF with dishwashers, dining areas, decks with storage space, and many boast views of the ship canal, Ballard, and Magnolia
  • A spacious, 1,500-SF penthouse/owner’s unit
  • 18 off-street parking spaces
  • Attractive mid-century design, secured entry and laundry/resident storage room, copper supply plumbing and ITE electrical subpanels

OVERVIEW

Located in Seattle’s desirable upper Fremont neighborhood just a 3-minute walk from Fremont Peak Park and within walking distance of the zoo. On the market for the first time, the property features 1- and 2-bed units plus a 1,500-SF 3-bed/2-bath penthouse (ideal for an owner-occupant). Floorplans average 860 SF. Dining areas, dishwashers, private decks/patios, abundant natural light, and many residents enjoy stunning views of the ship canal, Ballard, and Magnolia. 18 off-street parking spaces, secured entry, a resident laundry and storage room, copper supply plumbing, and updated ITE electrical subpanels. Westwind Apartments offers a 4.9% cap rate on rents as of February 2026 (increases already posted) and current expenses with upside.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

18

PRICE/UNIT

$294,444

CAP RATE

4.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwind Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,400 SF

ZONING

LR3 (M)

APN/PARCEL ID

751750-0535

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

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