4259 Greenwood Avenue N, Seattle, WA 98103
- $1,150,000
- 2,250
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2579596
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,250
- Area Total SqFt
- 2250
- Annual Tax Ammount
- 14500
- Lot Size (sq ft)
- 3,000
- Sewer
- Available
Property Description
The Fremont Peak Triplex is a fully renovated three-unit investment property located in the heart of Fremont. Originally built in 1914, the property underwent a comprehensive renovation in 2019, including full interior renovations to each unit as well as updates to the plumbing and electrical systems. Approximately 80% of the original windows were also replaced with dualpane, vinyl-framed windows, providing excellent natural light and stunning views of the Ballard Ship Canal and sunsets over the Olympic Mountains. Each unit was thoughtfully updated with LVP flooring, quartz countertops, modern bathroom vanities, and some have stainless-steel appliances. The property received additional improvements in 2022–2023, including a new roof and exterior paint. The triplex is comprised of a spacious two-bedroom, two-bathroom unit of approximately 1,150 SF, featuring a private deck and views; a one-bedroom, one-bathroom unit of approximately 600 SF; and a studio unit of approximately 500 SF. Each unit is equipped with a full kitchen appliance package, while the two-bedroom unit features its own in-unit washer and dryer. The one-bedroom and studio units share a common laundry room in the basement, provided free of charge to tenants. The basement also offers additional storage space, creating an opportunity for a future owner to generate additional income.
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Additional Information
- List Date
- 2026-09-10 22:13:13
- Community
- Seattle
- Net Operating Income
- $63,288
- Gross Adjusted Income
- $83,808
- Gross Scheduled Income
- $86,400
- Total Monthly Income
- $7,200
- Insurance Expenses
- $2,243
- Water/Sewer/Garbage Expenses
- $3,777
- Gross Rent Multiplier
- 13.31
- Total Expenses
- $20,520
- Cap Rate
- 5.5
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 4259
- Potential Terms
- Cash, Conventional
- Year Built
- 1914
- Roof
- Flat
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $7,200
- Gross Scheduled Income
- $86,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $83,808
- Tax Year
- 2026
- Insurance Expense
- $2,243
- W/S/G Expenses
- $3,777
- Total Expenses
- $20,520
- Net Operating Income
- $63,288
- Gross Rent Multiplier
- 13.31
- Cap Rate
- 5.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.