$1,900,000

6 Beds 6 Baths 5,030 SQFT 0.06 Acres
Type: Multi-Family

816 N 38th Street
Seattle, WA 98103

MLS#: 2541763
Presented by: Westlake Associates, Inc. and NWMLS

Property Description

 

Originally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among properties of this size. The residential component includes four oversized one-bedroom units and one expansive two-bedroom unit, each featuring thoughtful floorplans designed to maximize functionality and natural light. All apartment homes benefit from southern exposure and offer generous living spaces, large bedrooms, well-appointed kitchens with abundant cabinetry, and private outdoor patios. Additional in-unit amenities include a range, refrigerator, dishwasher, microwave, and air-conditioning. The ground-floor commercial space further enhances the property’s appeal, offering an attractive, flexible environment characterized by beautiful hardwood flooring, a kitchenette, and a private shower. This unique component provides investors with additional income diversification while serving a variety of potential tenant uses. The property has been meticulously maintained throughout ownership and features frame construction with durable vinyl siding and a pitched roof that remains in excellent condition. Additional tenant amenities include a common laundry facility, an inviting rooftop deck with neighborhood views, and an exceptional 1:1 parking ratio, an rare feature in Fremont’s urban core.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringHardwood, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories4

General

AmenitiesCoin Op Laundry
Building Area Units0 sqft
Cap Rate5.6
Carport Spaces5
Carport Y/NNo
CitySeattle
CoolingForced Air
CountyKing
DirectionsOn Hwy 99 N/Aurora Ave N, slight right on Bridge Wy N. Left on N 38th St. Right on Linden Ave N. Right on N 39th St. Right on Aurora Ave N. Right on N 38th St. Site on right.
Electric Expense0
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingForced Air
High School DistrictSeattle
Insurance Expense5100
Leasable Area4,469 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet2,400 sqft
Lot Size UnitsSquare Feet
MLS Area705 - Ballard/Greenlake
NWM_ShowMapLinkY
Net Operating Income106489
New ConstructionNo
Number Of Units Total6
PossessionClosing
Possible UseMulti-Family
Property Style55 - 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksOriginally constructed in 1990, the four-story building consists of five spacious residential apartments and one highly desirable commercial suite, creating a diversified income stream uncommon among p
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameFremont
Tax Annual Amount$18,027
Tax Year2026
Units Below Gradefalse
Units In Building Total6
ViewCity, Lake, Mountains, Partial, Territorial
Water Sewer Garbage7600
Year Built1990
Zoning DescriptionMulti-Family

Exterior

Building Area Total5,030 sqft
Covered Spaces5
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.0551
Parking Uncovered Total4
Site FeaturesDeck, Patio, Rooftop Deck
Total Parking9
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$1,900,000

6 Beds 6 Baths 5,030 SQFT 0.06 Acres
Type: Multi-Family

816 N 38th Street
Seattle, WA 98103

MLS#: 2541763