816 N 38th Street, Seattle, WA 98103
- $1,900,000
- 5,030
- SqFt
Listing courtesy of Westlake Associates, Inc..
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- 2541763
- Days on Market
- 39
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,030
- Area Total SqFt
- 5030
- Annual Tax Ammount
- 18027
- Lot Size (sq ft)
- 2,400
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-06-17 20:13:13
- Community
- Fremont
- Net Operating Income
- $106,489
- Gross Adjusted Income
- $151,716
- Gross Scheduled Income
- $156,408
- Total Monthly Income
- $13,034
- Insurance Expenses
- $5,100
- Water/Sewer/Garbage Expenses
- $7,600
- Gross Rent Multiplier
- 12.15
- Total Expenses
- $45,227
- Cap Rate
- 5.6
- Vacancy Rate
- 3
- Total Number of Units
- 6
- Unit Name
- 816
- Potential Terms
- Cash, Conventional
- Year Built
- 1990
- View
- City, Lake, Mountains, Partial, Territorial
- Roof
- Composition
- Site Features
- Deck, Patio, Rooftop Deck
- Other Expenses
- 14500
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $13,034
- Gross Scheduled Income
- $156,408
- Vacancy Rate
- 3
- Gross Adjusted Income
- $151,716
- Tax Year
- 2026
- Insurance Expense
- $5,100
- W/S/G Expenses
- $7,600
- Total Expenses
- $45,227
- Net Operating Income
- $106,489
- Gross Rent Multiplier
- 12.15
- Cap Rate
- 5.6
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.