Seattle, WA 98103 3617 Francis Avenue N
$1,775,000
Pending
3 more
Presented By: Westlake Associates, Inc. and NWMLS
- MLS# 2413396
- 07/28/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,772
Home Details
Fremont 4 presents a compelling investment opportunity in Seattle’s vibrant Fremont neighborhood: a well-maintained 4-unit multifamily property. Built in 1982, this fourplex features four 2-bedroom/1-bath units averaging 1000 sq ft each, with hardwood floors, washer/dryers in unit, and ample parking/storage. Situated on a 4,992 sq ft LR3-zoned lot, it offers immediate rental income with upside potential through rent increases and cosmetic updates, plus redevelopment possibilities for higher density. In a market with 2-3% annual rent growth and strong demand from tech professionals, this asset promises solid returns for value-add investors or owner-occupants. Current CAP: 6.25%
Presented By: Westlake Associates, Inc. and NWMLS
Interior Features for 3617 Francis Avenue N
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 3617 Francis Avenue N
AmenitiesStorage
Building Area UnitsSquare Feet
Cap Rate
Carport Spaces2
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsOn HWY 99 N from downtown Seattle, cross over Aurora Bridge. Exit on Bridge Way N, turn left on N 38th St. Left on Fremont Ave N. Right on N 36th St. Right on Francis Ave N. Site on left.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictSeattle
Insurance Expense2500
Leasable Area4000
Listing TermsCash Out
Lot Size Square Feet4992
Lot Size UnitsSquare Feet
MLS Area705 – Ballard/Greenlake
ModificationTimestamp2025-09-19T15:47:10.832Z
NWM_ShowMapLinkY
Net Operating Income113173
New ConstructionNo
Number Of Units Total4
Open Parking Spaces2
PossessionClosing
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksFremont 4 presents a compelling investment opportunity in Seattles vibrant Fremont neighborhood: a well-maintained 4-unit multifamily property. Built in 1982, this fourplex features four 2-bedroom/1-b
RoofFlat
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeQuadruplex
Subdivision NameFremont
Tax Annual Amount12683
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Water Sewer Garbage5000
Year Built1982
Exterior for 3617 Francis Avenue N
Building Area Total4772
Covered Spaces
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.1146
Parking Uncovered Spaces2
Site FeaturesFenced-Fully, Patio
Total Parking4
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®