he Equinox is a premier investment opportunity in Seattle’s highly desirable Fremont neighborhood. It features 23 apartments and 5 commercial units. A $2.1M capital improvement project in 2024/2025 added a new roof, siding, & an updated lobby. Units include high-end finishes, LVP flooring, SS appliances, and in-unit WD with views of Lake Union. Three large units were converted into 9 studios/SEDUs, with potential for 10 more units through add'l conversions. Five new units are master leased. Income from commercial tenants and a cell tower lease enhance revenue stability. Strong cash flow, diverse income from commercial tenants and a cell tower lease, and expansion potential make this a rare core asset in a high-demand, high-barrier market.
he Equinox is a premier investment opportunity in Seattle’s highly desirable Fremont neighborhood. It features 23 apartments and 5 commercial units. A $2.1M capital improvement project in 2024/2025 added a new roof, siding, & an updated lobby. Units include high-end finishes, LVP flooring, SS appliances, and in-unit WD with views of Lake Union. Three large units were converted into 9 studios/SEDUs, with potential for 10 more units through add'l conversions. Five new units are master leased. Income from commercial tenants and a cell tower lease enhance revenue stability. Strong cash flow, diverse income from commercial tenants and a cell tower lease, and expansion potential make this a rare core asset in a high-demand, high-barrier market.
Neighborhood
Type
County
King
Area
705 - Ballard/Greenlake
Tax Amount
$79,724
Status
Active
Listing #
2360738
Built
2001
Lot Size
0.17
Listed on site
94 days
Listed by:
Lee & Associates Commercial RE
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. 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 Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-07-20 10:36:00.
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