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Fremont View Apartments 802 N 43rd St 10 Unit Apartment Building $2,750,000 ($275,000/Unit) 4.81% Cap Rate Seattle, WA 98103
Investment Highlights
- Seller financing available
- Well maintained building
- In-unit laundry
- Premier Fremont location
- All units updated
- 1987 construction
Executive Summary
Amazing 10 unit asset offered with seller financing for qualified buyers! The Fremont View Apartments offers investors the opportunity to acquire a boutique asset in the thriving and highly sought-after Fremont neighborhood. Located at the NE corner of North 43rd Street and Linden Ave North the building is nestled on a quiet residential street with a mix of single family homes and small multi-family properties. Built in 1987, the Fremont View Apartments has 10 units consisting of a nice mix of studios, one and two-bedroom units. The apartments have all been tastefully updated with new cabinetry and counter tops in both the kitchens and bathrooms, with high-end luxury vinyl plank flooring. Each unit has an in-unit washer dryer. The 1987 construction offers all the features investors desire; modern electrical panels, copper plumbing, double pane windows, secured access, with the additional feature of a fire sprinkler system. Each unit offers either a patio or deck for the residents’ enjoyment and secured covered parking.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$132,346
|
$18.47
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $132,346 |
| Annual Per SF | $18.47 |
Property Facts
| Price | $2,750,000 | Apartment Style | Garden |
| Price Per Unit | $275,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.81% | Building Size | 5,562 SF |
| Gross Rent Multiplier | 12.94 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LR2 (M) | ||
| Price | $2,750,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| Gross Rent Multiplier | 12.94 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,562 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | LR2 (M) |
Amenities
Unit Amenities
- Balcony
- Sprinkler System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,360 | 475 |
| 1+1 | 3 | $1,773 | 625 |
| 2+1 | 2 | $2,160 | 900 |
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Very walkable
80/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 569400-0690 | Improvements Assessment | $1,221,000 (2024) |
| Land Assessment | $1,100,000 (2024) | Total Assessment | $2,321,000 (2024) |
Property Taxes
Parcel Number
569400-0690
Land Assessment
$1,100,000 (2024)
Improvements Assessment
$1,221,000 (2024)
Total Assessment
$2,321,000 (2024)
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