Description
Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. Well-maintained 6-unit building featuring a rare mix of four 2BD units and two spacious 4BD, 2 bath unitsconsistently easy to rent with strong tenant demand. Six secure, covered parking spaces. Durable Hardie Plank siding and on-site laundry. Current ownership has kept rents below market, offering immediate income upside for the next investor. Outstanding location with quick access to UW, South Lake Union, and downtown via bus, bike, or car. Unit #2 recently remodeled, all new flooring, quartz, millwork. Well maintained asset. 2024 CAP RATE 4.43%. 2025 Projected CAP RATE 4.76%.
-
0BEDS
-
0.08ACRES
-
0BATHS
-
01/2 BATHS
-
4,800SQFT
-
$500$/SQFT
School Information
Listing information ©2025 Northwest MLS. Listing courtesy of Lotside.
Mortgage Calculator is provided by BoomTown.
Description
Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. Well-maintained 6-unit building featuring a rare mix of four 2BD units and two spacious 4BD, 2 bath unitsconsistently easy to rent with strong tenant demand. Six secure, covered parking spaces. Durable Hardie Plank siding and on-site laundry. Current ownership has kept rents below market, offering immediate income upside for the next investor. Outstanding location with quick access to UW, South Lake Union, and downtown via bus, bike, or car. Unit #2 recently remodeled, all new flooring, quartz, millwork. Well maintained asset. 2024 CAP RATE 4.43%. 2025 Projected CAP RATE 4.76%.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-10T11:14:25.743. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2025-12-10T11:14:25.743. 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.