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Listed by:Real Broker LLC • Coleton Alexander Pantley
$2,000,000
Est. payment /mo
5 Beds
3 Baths
5,150 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $388
Subdivision Fremont
MLS Listing ID 2577739
Style 55 - 5-9 Units
Bedrooms 5
Year Built 1965
Annual Tax Amount $16,593
Lot Size 5,000 Sqft
Property Sub-Type Multi Family
Property Description
Prime investment opportunity in the heart of Fremont! Linden features an attractive 8-unit mix (two 1 bed/1 bath and six 2 bed/1 bath units) averaging 644 sq ft. Exceptional upside potential with current rents ~10% below market rate and utility reimbursements sitting at ~37% with room to expand to 86%. Additional revenue avenues include introducing parking fees and pet rent.Six units are already renovated with low-maintenance LVP flooring, updated kitchen cabinets, new countertops, upgraded fixtures, and modern bathrooms. Over $200k in recent capital improvements completed, including a new roof, upgraded electrical panels, and fresh exterior paint—leaving just two units to finish for full value-add execution.Unbeatable location on Linden Ave, 1 block off Fremont Ave's top dining and nightlife, the Burke-Gilman Trail, and Gas Works Park. Walk Score 82 | Bike Score 80. Easy access to Aurora Ave & downtown Seattle. Outstanding cash flow potential in a high-demand submarket!
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Stone, Stucco, Wood
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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