4400 Linden Ave N, Seattle, WA 98103
- $2,000,000
- 5,150
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- 2577739
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,150
- Area Total SqFt
- 5150
- Annual Tax Ammount
- 16593
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
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
- List Date
- 2026-09-03 16:43:14
- Community
- Fremont
- Net Operating Income
- $109,440
- Gross Adjusted Income
- $154,470
- Gross Scheduled Income
- $162,600
- Total Monthly Income
- $15,084
- Insurance Expenses
- $4,307
- Water/Sewer/Garbage Expenses
- $4,151
- Gross Rent Multiplier
- 12.3
- Total Expenses
- $49,708
- Cap Rate
- 5.47
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 4400
- Potential Terms
- Cash, Conventional
- Year Built
- 1965
- Roof
- Flat
- Electric Expenses
- 4151
- Other Expenses
- 16355
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $15,084
- Gross Scheduled Income
- $162,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $154,470
- Tax Year
- 2026
- Insurance Expense
- $4,307
- W/S/G Expenses
- $4,151
- Total Expenses
- $49,708
- Net Operating Income
- $109,440
- Gross Rent Multiplier
- 12.3
- Cap Rate
- 5.47
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.