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Fremont Duplex 410 N 46th St 3 Unit Apartment Building $975,000 ($325,000/Unit) Seattle, WA 98103
Investment Highlights
- Located within Seattle's established Fremont neighborhood.
- Access to neighborhood retail, dining, and entertainment amenities.
- Walking distance to Fremont, Green Lake, Wallingford, and Woodland Park.
- Traditional Craftsman architecture with preserved period details.
Executive Summary
410 N 46th Street presents a multifamily investment opportunity in Seattle's Fremont neighborhood, one of the city's most established urban districts. Currently configured as a duplex, the property offers flexibility for investors seeking rental income or owner-users interested in occupying one unit while leasing the other. The property's location places it within close proximity to Fremont, Wallingford, Green Lake, Woodland Park, and numerous neighborhood amenities that contribute to sustained residential demand.
Fremont is recognized for its mix of residential housing, employment centers, retail destinations, restaurants, and entertainment venues. The property's central location provides convenient access to downtown Seattle, South Lake Union, the University District, and major transportation corridors serving the region. Nearby parks, recreation areas, and commercial services further support the area's appeal to residents seeking an urban lifestyle with access to neighborhood amenities.
The residence retains traditional architectural character while offering income-producing potential through its duplex configuration. Its position within one of Seattle's established residential neighborhoods creates an opportunity for buyers seeking a property that combines residential occupancy flexibility with investment potential in a supply-constrained urban market.
Fremont is recognized for its mix of residential housing, employment centers, retail destinations, restaurants, and entertainment venues. The property's central location provides convenient access to downtown Seattle, South Lake Union, the University District, and major transportation corridors serving the region. Nearby parks, recreation areas, and commercial services further support the area's appeal to residents seeking an urban lifestyle with access to neighborhood amenities.
The residence retains traditional architectural character while offering income-producing potential through its duplex configuration. Its position within one of Seattle's established residential neighborhoods creates an opportunity for buyers seeking a property that combines residential occupancy flexibility with investment potential in a supply-constrained urban market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$58,800
|
$31.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,800
|
$31.44
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $58,800 |
| Annual Per SF | $31.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,800 |
| Annual Per SF | $31.44 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $975,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Sale Condition | 1031 Exchange | Building Size | 1,870 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | ||
| Zoning | LR3 (M) - Could be redeveloped under LR3 zoning | ||
| Price | $975,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 1,870 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | LR3 (M) - Could be redeveloped under LR3 zoning |
Amenities
Unit Amenities
- Dishwasher
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Yard
- Dining Room
- Mother-in-law Unit
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,700 | 1,090 |
| 1+1 | 2 | $2,200 | 780 |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 952110-0110 | Improvements Assessment | $299,000 |
| Land Assessment | $538,000 | Total Assessment | $837,000 |
Property Taxes
Parcel Number
952110-0110
Land Assessment
$538,000
Improvements Assessment
$299,000
Total Assessment
$837,000
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Fremont Duplex | 410 N 46th St