About this home

Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. This well-maintained 6-unit property features a rare and highly rentable unit mix consisting of four 2-bedroom units and two spacious 4-bedroom, 2-bath penthouse units offering views of Downtown Seattle and Lake Union, supported by consistently strong tenant demand. The property offers five secure, covered parking spaces, a newer roof, double-pane vinyl windows, durable Hardie Plank siding, and convenient on-site laundry. Unit #2 was recently remodeled with new flooring, quartz countertops, updated millwork, and additional interior improvements. Current rents remain below prevailing market levels, creating a clear opportunity for the next investor to increase income over time. Ideally located with convenient access to the University of Washington, South Lake Union, Downtown Seattle, and surrounding employment centers by transit, bike, or car. A well-maintained, income-producing asset in one of Seattle’s most desirable rental markets, offering a 2026 cap rate of approximately 5.0%.

Exterior features

Schools

Property details

Heating

Baseboard

Cooling

None

Flooring

Engineered Hardwood, Vinyl, Carpet

View

City, Lake, Territorial

Lot

Corner Lot, Curbs, Paved, Sidewalk

Water source

Community

Sewer

Sewer Connected

Costs

Annual taxes

$19,752 (2026)

Location

Seattle, WA 98103