4212 Phinney Ave - Apartments FOR SALE


Seattle, WA 98103
$2,075,000 USD
206-566-6593
4212 Phinney Ave, Seattle, WA for Sale
$2,075,000 USD
Apartments - FOR SALE
1/20
null | 4.2% Cap Rate

4212 Phinney Ave
Seattle, WA 98103


HIGHLIGHTS

  • Recent High-End Renovations - Quartz & granite countertops, stainless steel appliances, new cabinetry, and LVP floors
  • Heart of Fremont - Thriving neighborhood amenities & proximity to major employers and large tech campuses
  • Strong current rents with opportunity for 10% rental upside. Additional opportunity to implement utility bill-backs and charge for garages

OVERVIEW

Renovated 6-Unit in heart of Fremont. This 1927 brick apartment building combines classic charm with modern updates, including quartz and granite countertops, stainless steel appliances, new cabinetry, and original hardwood floors. Arched entryways and coved ceilings enhance its character. Situated on a 5,000 SF lot zoned LR1 (M), the property includes three garage parking spaces and a mix of one studio and five one-bedroom units (avg. 625 SF). Strong rental history with 11% upside potential through rent increases. Additional revenue opportunities with utility bill backs and charging for garage parking. Walk Score of 88, steps from top employers, transit, shops, and parks—making this a standout, turn-key investment in a sought-after neighborhood.

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$466 USD /SF

# OF UNITS

6

PRICE/UNIT

$345,833

CAP RATE

4.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Winarden

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LR1 (M)

APN/PARCEL ID

812970-1030

ASK ABOUT THIS PROPERTY

Matthew MillerSMI Real EstateMore Info
206-566-6593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew MillerSMI Real EstateMore Info
206-566-6593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.