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4500 1st Ave
Seattle, WA 98107 Fremont

$5,300,000 USD

Apartments For Sale  •  16,749 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,217 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1968
  • Cap Rate 4.94 %
  • Zoning LR3 (M)
60 Transit Score
52 Walk Score

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

Property Flyers

Financial Summary (Actual)

Net Operating Income: $262,002 USD (2024)
Cap Rate: 4.94 %
Total Expenses: $133,121 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Dishwasher
  • Laundry Facilities
  • Storage Space
  • Walking/Biking Trails
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Deck
  • Dining Room
  • Patio
  • Public Transportation
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 14 min - 6.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International 32 min - 17.7 mi
Seattle Paine Field International 35 min - 21.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Dan Swanson 425-444-6501 Kidder Mathews
Dan Swanson 425-444-6501 Kidder Mathews