About this property

Rare North Queen Anne 9-unit apartment opportunity ideally positioned near Seattle Pacific University and the Fremont Bridge. Built in 1975, the three-story property features nine oversized one-bedroom units averaging approximately 831 square feet, with 7,475 rentable square feet on a 7,190-square-foot LR3(M)-zoned lot. Amenities include shared laundry and on-site parking. Current rents average approximately $1,805 per unit, providing immediate upside toward $2,000-plus market rents, with additional value-add potential through interior renovations, utility reimbursements and paid parking. The highly walkable location offers convenient access to Fremont dining and entertainment, the Burke-Gilman Trail, Highway 99, South Lake Union and downtown Seattle. An attractive opportunity to acquire a well-located multifamily asset with durable renter demand and meaningful income-growth potential. Property specifications and rents are based on the offering memorandum. Location and investment highlights are supported by the property’s marketing materials.