4400 Linden Ave N, Seattle, WA 98103
Courtesy of Real Broker LLC
- $2,000,000
- 5,150
- SqFt
- List Price
- $2,000,000
- Status
- ACTIVE
- Days on Market
- 7
- MLS#
- 2577739
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1965
- Living Area
- 5,150
- Lot Size
- 5,000
- Acres
- 0.11
- Subdivision
- Fremont
- Neighborhood
- Fremont
- MLS Area Major
- Ballard/Greenlake
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!
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Additional Information
- Exterior Features
- Stone, Stucco, Wood
- Property Description
- 55 - 5-9 Units
- Flooring
- Laminate
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Flat
- School District
- Seattle
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