3617 Francis Avenue N Seattle WA 98103 MLS #NWM2413396

Listing Provided Courtesy of Westlake Associates, Inc.
SHOWING TIME: WED 8/13 (11am – 1pm). Please confirm. Fremont 4 presents a compelling investment opportunity in Seattle’s vibrant Fremont neighborhood: a well-maintained 4-unit multifamily property. Built in 1982, this fourplex features four 2-bedroom/1-bath units averaging 882 sq ft each, with hardwood floors, washer/dryers in unit, and ample parking/storage. Situated on a 4,992 sq ft LR3-zoned lot, it offers immediate rental income with upside potential through rent increases and cosmetic updates, plus redevelopment possibilities for higher density. In a market with 2-3% annual rent growth and strong demand from tech professionals, this asset promises solid returns for value-add investors or owner-occupants. Current CAP: 6.25%

Property Details

Price:
$1,775,000
MLS #:
NWM2413396
Status:
Active
Beds:
0
Baths:
0
Address:
3617 Francis Avenue N
Type:
Multi Family
Subdivision:
Fremont
Neighborhood:
705 – Ballard/Greenlake
City:
Seattle
Listed Date:
Jul 28, 2025
State:
WA
Finished Sq Ft:
4,772
Total Sq Ft:
4,772
ZIP:
98103
Lot Size:
4,992 sqft / 0.11 acres (approx)
Year Built:
1982
Units:
4

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Ceramic Tile, Vinyl Plank
Heating
Baseboard

Exterior

Construction Materials
Wood
Exterior Features
Wood Products
Parking Spots
4
Roof
Flat
Security Features
Fully Fenced

Financial

Net Operating Income
$114,973
Tax Year
2025
Taxes
$12,683

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3617 Francis Avenue N
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