4500 1st Avenue NW, Seattle, WA 98107
- $5,000,000
- 16,217
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Pointe3 Real Estate.
- Sold Price
- $5,000,000
- List Price
- $5,300,000
- Status
- SOLD
- MLS#
- 2433027
- Closing Date
- Feb 23, 2026
- Days on Market
- 87
- Style
- 56 - 10+ Units
- Finished SqFt
- 16,217
- Area Total SqFt
- 16217
- Annual Tax Ammount
- 47264
- Lot Size (sq ft)
- 14,400
- Sewer
- Sewer Connected
Property Description
Located in Seattle’s desirable upper Fremont neighborhood just a 3-minute walk from Fremont Peak Park and within walking distance of the zoo. On the market for the first time, the property features 1- and 2-bed units plus a 1,500-SF 3-bed/2-bath penthouse (ideal for an owner-occupant). Floorplans average 860 SF. Dining areas, dishwashers, private decks/patios, abundant natural light, and many residents enjoy stunning views of the ship canal, Ballard, and Magnolia. 18 off-street parking spaces, secured entry, a resident laundry and storage room, copper supply plumbing, and updated ITE electrical subpanels. Westwind Apartments offers a 4.9% cap rate on rents as of February 2026 (increases already posted) and current expenses with upside.
Additional Information
- List Date
- 2025-11-28 00:00:00
- Community
- Fremont
- Net Operating Income
- $262,002
- Gross Adjusted Income
- $395,123
- Gross Scheduled Income
- $415,919
- Total Monthly Income
- $34,660
- Insurance Expenses
- $13,500
- Water/Sewer/Garbage Expenses
- $20,427
- Gross Rent Multiplier
- 12.7
- Total Expenses
- $133,121
- Cap Rate
- 4.94
- Vacancy Rate
- 5
- Total Number of Units
- 18
- Unit Name
- 4500
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- View
- Canal, Mountains, Territorial
- Roof
- Composition, Flat
- Other Expenses
- 51930
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Bf Day
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $34,660
- Gross Scheduled Income
- $415,919
- Vacancy Rate
- 5
- Gross Adjusted Income
- $395,123
- Tax Year
- 2025
- Insurance Expense
- $13,500
- W/S/G Expenses
- $20,427
- Total Expenses
- $133,121
- Net Operating Income
- $262,002
- Gross Rent Multiplier
- 12.7
- Cap Rate
- 4.94
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.