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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 units—consistently 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%.
- Neighborhood
- Type
- CountyKing
- Area705 - Ballard/Greenlake
- Tax Amount$20,065
- StatusActive
- Listing #2456824
- Built1985
- Lot Size0.08
- Listed on site10 days
Listed by:
Lotside
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 2025-12-06 19:48:50. DMCA
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School Info
- elementary schoolBf Day
- middle schoolHamilton Mid
- high schoolLincoln High
Property details
Community Features
- Gated Community
- No HOA
- No Adult Community
Property Features
- Corner Lot
Exterior features
- No Pool
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