3660 Whitman Avenue N, Seattle, WA 98103
- $2,250,000
- 4,800
- SqFt
Listing courtesy of Lotside.
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- 2569921
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 4,800
- Area Total SqFt
- 4800
- Annual Tax Ammount
- 19751.81
- Lot Size (sq ft)
- 3,329
- Sewer
- Sewer Connected
Property Description
Exceptional investment opportunity in the highly desirable Fremont/Wallingford neighborhood. This well-maintained 6-unit property features a rare and highly rentable unit mix consisting of four 2-bedroom units and two spacious 4-bedroom, 2-bath penthouse units offering views of Downtown Seattle and Lake Union, supported by consistently strong tenant demand. The property offers five secure, covered parking spaces, a newer roof, double-pane vinyl windows, durable Hardie Plank siding, and convenient on-site laundry. Unit #2 was recently remodeled with new flooring, quartz countertops, updated millwork, and additional interior improvements. Current rents remain below prevailing market levels, creating a clear opportunity for the next investor to increase income over time. Ideally located with convenient access to the University of Washington, South Lake Union, Downtown Seattle, and surrounding employment centers by transit, bike, or car. A well-maintained, income-producing asset in one of Seattle’s most desirable rental markets, offering a 2026 cap rate of approximately 5.0%.
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Additional Information
- List Date
- 2026-08-26 18:13:12
- Community
- Fremont
- Net Operating Income
- $113,649
- Gross Adjusted Income
- $165,528
- Gross Scheduled Income
- $174,240
- Total Monthly Income
- $14,520
- Insurance Expenses
- $3,714
- Water/Sewer/Garbage Expenses
- $8,231
- Gross Rent Multiplier
- 12.91
- Total Expenses
- $51,878
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 3660
- Potential Terms
- Cash, Conventional
- Year Built
- 1985
- View
- City, Lake, Territorial
- Roof
- Composition
- Site Features
- Deck, Gated Entry
- Electric Expenses
- 1210
- Other Expenses
- 18970
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Bf Day
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- Total Monthly Income
- $14,520
- Gross Scheduled Income
- $174,240
- Vacancy Rate
- 5
- Gross Adjusted Income
- $165,528
- Tax Year
- 2026
- Insurance Expense
- $3,714
- W/S/G Expenses
- $8,231
- Total Expenses
- $51,878
- Net Operating Income
- $113,649
- Gross Rent Multiplier
- 12.91
- Cap Rate
- 5
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.